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

Smartstop Self Storage REIT Inc (NYSE:SMA) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $36.42.

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lifted their price target 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. Truist Financial reaffirmed a “hold” rating and set a $33.00 price objective (down from $36.00) on shares of Smartstop Self Storage REIT in a report on Thursday. National Bank Financial increased their target price on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a research report on Tuesday, August 18th. BMO Capital Markets lowered shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price target on the stock. in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Smartstop Self Storage REIT from $33.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, September 21st.

Insider Activity

In related news, General Counsel Nicholas Look sold 1,025 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $34.36, for a total transaction of $35,219.00. Following the sale, the general counsel directly owned 588 shares in the company, valued at approximately $20,203.68. The trade was a 63.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 1,875 shares of company stock worth $63,163. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its position in shares of Smartstop Self Storage REIT by 61.4% in the second quarter. Allworth Financial LP now owns 1,788 shares of the healthcare company’s stock worth $58,000 after purchasing an additional 680 shares during the last quarter. Assetmark Inc. grew its stake in Smartstop Self Storage REIT by 68.0% in 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 in the last quarter. Strs Ohio grew its stake in Smartstop Self Storage REIT by 0.7% in the 1st quarter. Strs Ohio now owns 104,200 shares of the healthcare company’s stock worth $3,155,000 after buying an additional 700 shares in the last quarter. State of Wyoming raised its position in shares of 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 valued at $266,000 after buying an additional 738 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its stake in Smartstop Self Storage REIT by 0.5% in the first quarter. Peregrine Capital Management LLC now owns 157,994 shares of the healthcare company’s stock valued at $4,784,000 after acquiring an additional 813 shares during the last quarter.

Smartstop Self Storage REIT Price Performance

Shares of NYSE:SMA opened at $32.44 on Thursday. The company has a market capitalization of $1.80 billion, a P/E ratio of 63.60 and a beta of 0.48. The company’s 50-day moving average is $33.14 and its 200 day moving average is $32.41. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.28 and a current ratio of 5.28. Smartstop Self Storage REIT has a fifty-two week low of $29.41 and a fifty-two week high of $38.69.

Smartstop Self Storage REIT (NYSE:SMA) last announced 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 company 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, equities research analysts forecast that Smartstop Self Storage REIT will post 2.02 earnings per share for the current year.

Smartstop Self Storage REIT Increases Dividend

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

Smartstop Self Storage REIT Company Profile

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.