CI Investments Inc. Trims Stake in Smartstop Self Storage REIT Inc $SMA

CI Investments Inc. lessened its stake in Smartstop Self Storage REIT Inc (NYSE:SMA) by 9.9% during the 1st quarter, HoldingsChannel reports. The firm owned 184,922 shares of the healthcare company’s stock after selling 20,251 shares during the quarter. CI Investments Inc.’s holdings in Smartstop Self Storage REIT were worth $5,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV acquired a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at $25,000. Beacon Capital Management Inc. acquired a new position in shares of Smartstop Self Storage REIT in the fourth quarter worth about $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Smartstop Self Storage REIT during the 4th quarter worth about $27,000. Assetmark Inc. purchased a new stake in shares of Smartstop Self Storage REIT during the 4th quarter worth about $31,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of Smartstop Self Storage REIT during the 4th quarter valued at about $31,000.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SMA. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Raymond James Financial initiated coverage on Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price objective for the company. Weiss Ratings raised Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Finally, Wells Fargo & Company lifted their price target on shares of Smartstop Self Storage REIT from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.31.

Smartstop Self Storage REIT Stock Down 1.9%

Shares of NYSE:SMA opened at $33.66 on Friday. Smartstop Self Storage REIT Inc has a 52-week low of $29.41 and a 52-week high of $39.77. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $32.27 and a two-hundred day moving average of $32.13. The stock has a market cap of $1.86 billion, a P/E ratio of 224.41 and a beta of 0.56.

Smartstop Self Storage REIT (NYSE:SMA) last announced 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 net margin of 4.38% and a return on equity of 1.00%. The firm had revenue of $78.31 million for the quarter, compared to analysts’ expectations of $72.56 million. The company’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. On average, research analysts expect that Smartstop Self Storage REIT Inc will post 2 earnings per share for the current year.

Smartstop Self Storage REIT Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.1359 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, July 31st. This is a boost from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. Smartstop Self Storage REIT’s dividend payout ratio is presently 1,053.33%.

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.