Smartstop Self Storage REIT (NYSE:SMA) Price Target Raised to $34.00

Smartstop Self Storage REIT (NYSE:SMA) had its price target boosted by JPMorgan Chase & Co. from $33.00 to $34.00 in a research report report published on Monday,Benzinga reports. They currently have an underweight rating on the healthcare company’s stock.

Several other analysts also recently issued reports on SMA. 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. Robert W. Baird lifted their price objective on Smartstop Self Storage REIT from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Wells Fargo & Company upped their target price on Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Finally, National Bank Financial increased their target price on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.08.

Smartstop Self Storage REIT Trading Down 2.1%

Shares of SMA stock opened at $31.76 on Monday. The stock has a market cap of $1.76 billion, a P/E ratio of 62.28 and a beta of 0.49. The company has a quick ratio of 5.28, a current ratio of 5.28 and a debt-to-equity ratio of 0.89. Smartstop Self Storage REIT has a fifty-two week low of $29.41 and a fifty-two week high of $38.69. The business has a fifty day simple moving average of $33.52 and a 200-day simple moving average of $32.41.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings data on Wednesday, August 5th. The healthcare company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.29). The business had revenue of $79.28 million during the quarter. Smartstop Self Storage REIT had a return on equity of 2.33% and a net margin of 9.68%.Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. On average, analysts forecast that Smartstop Self Storage REIT will post 2.02 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.1315 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Smartstop Self Storage REIT’s dividend payout ratio is currently 319.61%.

Insider Activity

In other news, General Counsel Nicholas Look sold 1,025 shares of Smartstop Self Storage REIT stock in a transaction on Friday, August 14th. The stock was sold at an average price of $34.36, for a total value of $35,219.00. Following the completion of the sale, the general counsel owned 588 shares of the company’s stock, valued at $20,203.68. The trade was a 63.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 1,875 shares of company stock worth $63,163 in the last 90 days. 5.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Smartstop Self Storage REIT

Several institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its position in Smartstop Self Storage REIT by 61.4% during the second quarter. Allworth Financial LP now owns 1,788 shares of the healthcare company’s stock valued at $58,000 after buying an additional 680 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Smartstop Self Storage REIT by 68.0% during the 1st quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock valued at $52,000 after acquiring an additional 690 shares in the last quarter. Strs Ohio lifted its holdings in shares of Smartstop Self Storage REIT by 0.7% during the 1st quarter. Strs Ohio now owns 104,200 shares of the healthcare company’s stock valued at $3,155,000 after acquiring an additional 700 shares in the last quarter. State of Wyoming boosted its position in Smartstop Self Storage REIT by 9.2% during the 1st quarter. State of Wyoming now owns 8,783 shares of the healthcare company’s stock worth $266,000 after purchasing an additional 738 shares during the period. Finally, Peregrine Capital Management LLC boosted its position in Smartstop Self Storage REIT by 0.5% during the 1st quarter. Peregrine Capital Management LLC now owns 157,994 shares of the healthcare company’s stock worth $4,784,000 after purchasing an additional 813 shares during the period.

About Smartstop Self Storage REIT

SmartStop Self Storage REIT, Inc is a self-managed and fully integrated real estate investment trust focused on the ownership, operation, acquisition and development of self-storage properties. The company provides storage solutions for residential, commercial and vehicle-storage customers through facilities operating primarily under the SmartStop Self Storage brand.

SmartStop’s properties offer a range of unit sizes and features, including climate-controlled storage, drive-up access, month-to-month rental options, online leasing and payment services, and protection plans.