Smartstop Self Storage REIT Inc (SMA) to Distribute Monthly Dividend of $0.14 on September 15th

Smartstop Self Storage REIT Inc (NYSE:SMA) announced a monthly dividend on Tuesday, August 4th. Stockholders of record on Monday, August 31st will be given a dividend of 0.1359 per share by the healthcare company on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 31st. This is a 0.0% increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.14.

Smartstop Self Storage REIT Price Performance

SMA traded up $0.78 during midday trading on Thursday, hitting $34.63. The stock had a trading volume of 561,197 shares, compared to its average volume of 799,105. The company has a market cap of $1.92 billion, a P/E ratio of 232.17 and a beta of 0.50. The business has a fifty day moving average of $32.94 and a 200 day moving average of $32.28. Smartstop Self Storage REIT has a 1 year low of $29.41 and a 1 year high of $39.77. The company has a debt-to-equity ratio of 0.86, a quick ratio of 5.33 and a current ratio of 5.33.

Smartstop Self Storage REIT (NYSE:SMA) last issued its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $78.31 million for the quarter, compared to analysts’ expectations of $72.56 million. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. As a group, equities analysts forecast that Smartstop Self Storage REIT will post 2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SMA has been the topic of a number of research analyst reports. Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Wells Fargo & Company reiterated a “neutral” rating on shares of Smartstop Self Storage REIT in a report on Friday, July 24th. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Raymond James Financial assumed coverage on Smartstop Self Storage REIT in a report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Smartstop Self Storage REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.44.

About Smartstop Self Storage REIT

Symmetry Medical Inc (Symmetry) is a medical device solutions company, including surgical instruments, orthopedic implants, and sterilization cases and trays. The Company designs, develops and offers worldwide production and supply chain capabilities for these products to customers in the orthopedic industry, and other medical device markets (including but not limited to arthroscopy, dental, laparoscopy, osteobiologic, and endoscopy segments). It also manufactures specialized non-healthcare products, primarily in the aerospace industry.