Smartstop Self Storage REIT (NYSE:SMA) Upgraded to Strong-Buy at Raymond James Financial

Raymond James Financial upgraded shares of Smartstop Self Storage REIT (NYSE:SMA) to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

A number of other research firms have also commented on SMA. JPMorgan Chase & Co. cut their price target on Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, March 23rd. Scotiabank raised Smartstop Self Storage REIT to a “strong-buy” rating in a report on Thursday, March 19th. Wells Fargo & Company raised their target price on Smartstop Self Storage REIT from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Weiss Ratings upgraded Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Zacks Research raised shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Smartstop Self Storage REIT presently has a consensus rating of “Moderate Buy” and an average price target of $36.31.

Smartstop Self Storage REIT Stock Performance

Shares of SMA stock opened at $35.02 on Wednesday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 233.43 and a beta of 0.56. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average is $32.03 and its 200 day moving average is $32.03. Smartstop Self Storage REIT has a 12 month low of $29.41 and a 12 month high of $39.77.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings data on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The company had revenue of $78.31 million during the quarter, compared to the consensus estimate of $72.56 million. The firm’s revenue for the quarter 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. On average, sell-side analysts anticipate that Smartstop Self Storage REIT will post 2.01 earnings per share for the current year.

Smartstop Self Storage REIT Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.1359 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, July 31st. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is currently 1,053.33%.

Hedge Funds Weigh In On Smartstop Self Storage REIT

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Smartstop Self Storage REIT by 10,361.9% during the 4th quarter. Principal Financial Group Inc. now owns 2,067,159 shares of the healthcare company’s stock valued at $63,958,000 after buying an additional 2,047,400 shares in the last quarter. Vanguard Group Inc. boosted its stake in Smartstop Self Storage REIT by 122.2% in the fourth quarter. Vanguard Group Inc. now owns 3,576,922 shares of the healthcare company’s stock worth $110,670,000 after buying an additional 1,967,321 shares in the last quarter. Conversant Capital LLC bought a new position in Smartstop Self Storage REIT during the second quarter valued at approximately $36,098,000. Price T Rowe Associates Inc. MD grew its position in Smartstop Self Storage REIT by 13.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,913,679 shares of the healthcare company’s stock valued at $182,972,000 after acquiring an additional 710,871 shares during the last quarter. Finally, Rush Island Management LP bought a new position in Smartstop Self Storage REIT during the fourth quarter valued at approximately $15,644,000.

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.