Smartstop Self Storage REIT (NYSE:SMA) Hits New 12-Month High – What’s Next?

Smartstop Self Storage REIT Inc (NYSE:SMA) hit a new 52-week high on Friday. The stock traded as high as $36.20 and last traded at $36.0670, with a volume of 63,031 shares traded. The stock had previously closed at $35.76.

Analyst Ratings Changes

A number of analysts have commented on SMA shares. Truist Financial downgraded shares of Smartstop Self Storage REIT from a “buy” rating to a “hold” rating and dropped their price target for the stock from $36.00 to $33.00 in a research report on Thursday, October 1st. Wells Fargo & Company boosted their price objective on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. National Bank Financial boosted 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 downgraded 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, Robert W. Baird decreased their target price on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.42.

Smartstop Self Storage REIT Price Performance

The business has a fifty day moving average of $33.14 and a two-hundred day moving average of $32.59. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.28 and a current ratio of 5.28. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 71.00 and a beta of 0.48.

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

Smartstop Self Storage REIT Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.1359 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date 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 currently 309.80%.

Insider Activity at Smartstop Self Storage REIT

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 sale, the general counsel owned 588 shares of the company’s stock, valued at $20,203.68. This represents a 63.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 2,300 shares of company stock valued at $77,604 in the last quarter. 5.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Smartstop Self Storage REIT

Hedge funds have recently modified their holdings of the company. Signature Equity Partners LLC lifted its holdings in Smartstop Self Storage REIT by 108.2% during the 3rd quarter. Signature Equity Partners LLC now owns 10,574 shares of the healthcare company’s stock worth $340,000 after buying an additional 5,496 shares during the period. MBL Wealth LLC acquired a new stake in Smartstop Self Storage REIT in the third quarter valued at approximately $596,000. State of Alaska Department of Revenue lifted its holdings in shares of Smartstop Self Storage REIT by 4.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 44,082 shares of the healthcare company’s stock worth $1,417,000 after purchasing an additional 1,941 shares in the last quarter. Versant Capital Management Inc increased its stake in Smartstop Self Storage REIT by 489.3% during the 3rd quarter. Versant Capital Management Inc now owns 2,599 shares of the healthcare company’s stock valued at $84,000 after purchasing an additional 2,158 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Smartstop Self Storage REIT by 23.9% in the 2nd quarter. Engineers Gate Manager LP now owns 29,430 shares of the healthcare company’s stock worth $956,000 after acquiring an additional 5,680 shares during the last quarter.

Smartstop Self Storage REIT Company Profile

SmartStop Self Storage REIT, Inc (NYSE: SMA) is a self-managed real estate investment trust focused on owning, operating and acquiring self-storage properties. Its facilities provide individuals and businesses with storage units in a range of sizes, along with related services such as online reservations, electronic access and tenant protection offerings.

The company serves customers primarily in the United States and also has exposure to the Canadian self-storage market. Its portfolio includes conventional self-storage facilities and properties offering vehicle, commercial and other specialized storage options.