Smartstop Self Storage REIT Inc (NYSE:SMA) Raises Dividend to $0.14 Per Share

Smartstop Self Storage REIT Inc (NYSE:SMA) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 29th will be paid a dividend of 0.1359 per share by the healthcare company on Monday, June 15th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, May 29th. This is a 3.3% increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13.

Smartstop Self Storage REIT Stock Performance

NYSE:SMA opened at $30.95 on Wednesday. The business’s 50-day moving average price is $31.40 and its two-hundred day moving average price is $32.03. Smartstop Self Storage REIT has a twelve month low of $29.41 and a twelve month high of $39.77. The stock has a market cap of $1.71 billion and a P/E ratio of 206.33. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.86.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings results on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. Smartstop Self Storage REIT had a return on equity of 1.00% and a net margin of 4.38%.The firm had revenue of $78.31 million for the quarter, compared to analysts’ expectations of $72.56 million. The business’s revenue was up 19.7% on a year-over-year basis. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. As a group, equities analysts predict that Smartstop Self Storage REIT will post 2.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on SMA shares. Robert W. Baird lowered their price target on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Scotiabank raised Smartstop Self Storage REIT to a “strong-buy” rating in a report on Thursday, March 19th. Weiss Ratings raised Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Stifel Nicolaus decreased their price objective on Smartstop Self Storage REIT from $39.50 to $38.50 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Wells Fargo & Company decreased their price objective on Smartstop Self Storage REIT from $33.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.94.

Smartstop Self Storage REIT Company Profile

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.