Smartstop Self Storage REIT (NYSE:SMA) Stock Price Target Cut by Robert W. Baird

Smartstop Self Storage REIT (NYSE:SMA) had its price target decreased by Robert W. Baird from $37.00 to $36.00 in a report released on Friday, Benzinga reports. The firm currently has an “outperform” rating on the healthcare company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 11.54% from the company’s previous close.

A number of other brokerages have also commented on SMA. Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Wells Fargo & Company increased their price objective on Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. BMO Capital Markets lowered Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a research report on Thursday, August 27th. Raymond James Financial assumed coverage on Smartstop Self Storage REIT in a report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 target price on the stock. Finally, Truist Financial set a $33.00 price target on Smartstop Self Storage REIT in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.42.

Smartstop Self Storage REIT Stock Performance

NYSE:SMA opened at $32.27 on Friday. The stock’s 50-day moving average is $33.24 and its 200-day moving average is $32.40. Smartstop Self Storage REIT has a 1-year low of $29.41 and a 1-year high of $38.69. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1.79 billion, a P/E ratio of 63.28 and a beta of 0.48.

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

Insider Transactions at Smartstop Self Storage REIT

In other Smartstop Self Storage REIT news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $34.36, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 1,875 shares of company stock valued at $63,163 in the last quarter. 5.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Anchor Investment Management LLC bought a new stake in Smartstop Self Storage REIT in the fourth quarter worth approximately $31,000. Strategic Advocates LLC bought a new position in shares of Smartstop Self Storage REIT during the 4th quarter worth approximately $33,000. Compass Financial Management LLC bought a new position in shares of Smartstop Self Storage REIT during the 2nd quarter worth approximately $38,000. KBC Group NV acquired a new stake in shares of Smartstop Self Storage REIT during the 1st quarter worth approximately $49,000. Finally, Assetmark Inc. grew its position 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 worth $52,000 after buying an additional 690 shares during the period.

About Smartstop Self Storage REIT

SmartStop Self Storage REIT, Inc (NYSE:SMA) is a real estate investment trust focused on the ownership, operation and management of self-storage facilities. The company provides storage space for residential, commercial and other customers, with offerings that may include traditional storage units, climate-controlled units, vehicle storage and related tenant services.

SmartStop operates under the SmartStop Self Storage brand and serves customers across the United States and Canada. Its facilities generally provide online reservations and payments, electronic access, moving and packing supplies, and other convenience-oriented services.