JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Smartstop Self Storage REIT (NYSE:SMA) Stock

Smartstop Self Storage REIT (NYSE:SMA) had its target price raised by research analysts at JPMorgan Chase & Co. from $33.00 to $34.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the healthcare company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 4.79% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. National Bank Financial increased their price objective 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. Raymond James Financial started coverage on shares of Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price target for the company. Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets downgraded shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a research report on Thursday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.08.

Smartstop Self Storage REIT Stock Down 0.7%

Smartstop Self Storage REIT stock opened at $32.45 on Monday. The stock’s fifty day moving average is $33.55 and its two-hundred day moving average is $32.42. The stock has a market cap of $1.80 billion, a PE ratio of 63.62 and a beta of 0.49. Smartstop Self Storage REIT has a 1-year low of $29.41 and a 1-year high of $38.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.28 and a quick ratio of 5.28.

Smartstop Self Storage REIT (NYSE:SMA) last issued its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.29). The business had revenue of $79.28 million for 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, sell-side analysts expect that Smartstop Self Storage REIT will post 2.02 EPS for the current fiscal year.

Insider Transactions at Smartstop Self Storage REIT

In related news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction that occurred 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 sale, the general counsel owned 588 shares of the company’s stock, valued at approximately $20,203.68. This represents a 63.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 1,875 shares of company stock valued at $63,163. 5.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Smartstop Self Storage REIT

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in Smartstop Self Storage REIT by 25.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock valued at $78,611,000 after purchasing an additional 528,974 shares in the last quarter. Irenic Capital Management LP acquired a new position in shares of Smartstop Self Storage REIT in the second quarter valued at approximately $28,490,000. Conversant Capital LLC acquired a new position in shares of Smartstop Self Storage REIT in the first quarter valued at approximately $25,972,000. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Smartstop Self Storage REIT by 57.9% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 371,785 shares of the healthcare company’s stock valued at $11,503,000 after buying an additional 136,382 shares during the period. Finally, Independent Financial Group LLC acquired a new stake in Smartstop Self Storage REIT during the first quarter worth approximately $10,689,000.

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.