857,715 Shares in Smartstop Self Storage REIT Inc $SMA Purchased by Conversant Capital LLC

Conversant Capital LLC purchased a new position in shares of Smartstop Self Storage REIT Inc (NYSE:SMA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 857,715 shares of the healthcare company’s stock, valued at approximately $25,972,000. Smartstop Self Storage REIT comprises 3.6% of Conversant Capital LLC’s holdings, making the stock its 5th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of SMA. Merit Financial Group LLC acquired a new stake in Smartstop Self Storage REIT during the 4th quarter valued at $3,558,000. Principal Financial Group Inc. boosted its position in Smartstop Self Storage REIT by 10,361.9% during the fourth quarter. Principal Financial Group Inc. now owns 2,067,159 shares of the healthcare company’s stock worth $63,958,000 after purchasing an additional 2,047,400 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in shares of Smartstop Self Storage REIT in the fourth quarter valued at $4,465,000. Choreo LLC bought a new position in shares of Smartstop Self Storage REIT in the fourth quarter valued at about $2,941,000. Finally, Blue Sky Capital Consultants Group Inc. bought a new position in shares of Smartstop Self Storage REIT in the fourth quarter valued at about $1,064,000.

Smartstop Self Storage REIT Stock Up 3.1%

SMA opened at $34.73 on Friday. Smartstop Self Storage REIT Inc has a fifty-two week low of $29.41 and a fifty-two week 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. The company has a market capitalization of $1.92 billion, a P/E ratio of 231.53 and a beta of 0.56. The stock has a fifty day moving average of $32.37 and a 200-day moving average of $32.14.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings results on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, beating 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 business had revenue of $78.31 million for the quarter, compared to the consensus estimate of $72.56 million. Smartstop Self Storage REIT’s revenue for the quarter was up 19.7% compared to the same quarter last year. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. On average, equities analysts expect that Smartstop Self Storage REIT Inc will post 2 EPS for the current year.

Smartstop Self Storage REIT Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. 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. Raymond James Financial started coverage on shares of Smartstop Self Storage REIT in a report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price target on the stock. Wells Fargo & Company restated a “neutral” rating on shares of Smartstop Self Storage REIT in a research report on Friday. Finally, Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.