Smartstop Self Storage REIT (NYSE:SMA) Price Target Raised to $41.00

Smartstop Self Storage REIT (NYSE:SMA) had its target price boosted by stock analysts at Truist Financial from $33.00 to $41.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the healthcare company’s stock. Truist Financial‘s target price points to a potential upside of 3.84% from the stock’s current price.

Several other analysts have also weighed in on SMA. Raymond James Financial started coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price objective for the company. Freedom Broker downgraded shares of Smartstop Self Storage REIT from a “buy” rating to a “hold” rating and boosted their target price for the company from $38.00 to $40.00 in a research report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Smartstop Self Storage REIT in a research note on Wednesday, October 14th. JPMorgan Chase & Co. raised their price target 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. Finally, BMO Capital Markets cut shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price target for the company. in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.98.

Smartstop Self Storage REIT Trading Up 1.5%

NYSE SMA traded up $0.57 during trading hours on Thursday, hitting $39.48. 780,598 shares of the company’s stock were exchanged, compared to its average volume of 806,860. The stock has a 50-day simple moving average of $33.96 and a 200 day simple moving average of $32.83. Smartstop Self Storage REIT has a 1-year low of $29.41 and a 1-year high of $40.35. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 68.07 and a beta of 0.27. The company has a current ratio of 4.20, a quick ratio of 5.28 and a debt-to-equity ratio of 0.91.

Smartstop Self Storage REIT (NYSE:SMA) last issued its quarterly earnings results on Wednesday, November 4th. The healthcare company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.34). Smartstop Self Storage REIT had a net margin of 10.52% and a return on equity of 2.64%. The business had revenue of $81.78 million during the quarter. On average, equities analysts forecast that Smartstop Self Storage REIT will post 2.03 EPS for the current fiscal 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 firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $34.36, for a total value of $35,219.00. Following the completion of the sale, the general counsel owned 588 shares of the company’s stock, valued at approximately $20,203.68. This trade represents a 63.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 2,300 shares of company stock valued at $77,604 in the last 90 days. 5.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Smartstop Self Storage REIT

Several hedge funds and other institutional investors have recently modified their holdings of SMA. GSI Capital Advisors LLC acquired a new position in shares of Smartstop Self Storage REIT during the third quarter worth approximately $8,887,000. First Trust Advisors LP grew its position in Smartstop Self Storage REIT by 2,086.5% in the 3rd quarter. First Trust Advisors LP now owns 164,362 shares of the healthcare company’s stock valued at $5,292,000 after purchasing an additional 156,845 shares during the period. Heartland Advisors Inc. acquired a new stake in Smartstop Self Storage REIT in the 3rd quarter valued at $4,344,000. Silver Oak Securities Incorporated increased its stake in Smartstop Self Storage REIT by 82.3% during the 3rd quarter. Silver Oak Securities Incorporated now owns 8,046 shares of the healthcare company’s stock valued at $259,000 after purchasing an additional 3,632 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Smartstop Self Storage REIT by 61.4% during the 3rd quarter. Allworth Financial LP now owns 2,886 shares of the healthcare company’s stock valued at $94,000 after purchasing an additional 1,098 shares in the last quarter.

About Smartstop Self Storage REIT

SmartStop Self Storage REIT, Inc. is a real estate investment trust that owns and operates self-storage properties. Its facilities provide storage space for household and business customers, with services that may include online rentals and the sale of moving and packing supplies. The company’s portfolio serves customers in the United States and Canada. SmartStop also acquires and develops self-storage properties as part of its strategy to expand its operations. SmartStop was founded by H. Michael Schwartz, who has served as the company’s chief executive officer.