Smartstop Self Storage REIT Inc (NYSE:SMA) Stock Has Consensus Price Target of $37.08

Smartstop Self Storage REIT Inc (NYSE:SMA) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $36.42.

A number of equities research analysts recently weighed in on SMA shares. JPMorgan Chase & Co. lifted their price objective on shares of Smartstop Self Storage REIT from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, September 21st. BMO Capital Markets downgraded Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price objective for the company. in a report on Thursday, August 27th. Raymond James Financial assumed coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price objective on the stock. Truist Financial reiterated a “hold” rating and issued a $33.00 target price (down from $36.00) on shares of Smartstop Self Storage REIT in a report on Thursday. Finally, Robert W. Baird lowered their price objective on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday.

Insider Buying and Selling

In related news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $34.36, for a total transaction of $35,219.00. Following the completion of the transaction, the general counsel owned 588 shares in the company, valued at $20,203.68. This represents a 63.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 1,875 shares of company stock valued at $63,163. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new stake in shares of Smartstop Self Storage REIT in the 4th quarter worth $31,000. Strategic Advocates LLC purchased a new stake in shares of Smartstop Self Storage REIT in the fourth quarter valued at about $33,000. Compass Financial Management LLC acquired a new stake in Smartstop Self Storage REIT during the second quarter worth about $38,000. KBC Group NV acquired a new stake in Smartstop Self Storage REIT during the first quarter worth about $49,000. Finally, Assetmark Inc. raised 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 valued at $52,000 after buying an additional 690 shares during the period.

Smartstop Self Storage REIT Trading Up 0.8%

Shares of SMA stock opened at $32.51 on Thursday. 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 capitalization of $1.80 billion, a price-to-earnings ratio of 63.74 and a beta of 0.48. Smartstop Self Storage REIT has a 12-month low of $29.41 and a 12-month high of $38.69. The stock’s 50-day moving average price is $33.19 and its 200-day moving average price is $32.40.

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

Smartstop Self Storage REIT Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.1359 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315. Smartstop Self Storage REIT’s dividend payout ratio is 309.80%.

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.