UBS Group AG cut its stake in shares of Smartstop Self Storage REIT Inc (NYSE:SMA – Free Report) by 25.4% during the fourth quarter, Holdings Channel reports. The firm owned 193,725 shares of the healthcare company’s stock after selling 66,062 shares during the quarter. UBS Group AG’s holdings in Smartstop Self Storage REIT were worth $5,994,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Smartstop Self Storage REIT by 122.2% in the fourth quarter. Vanguard Group Inc. now owns 3,576,922 shares of the healthcare company’s stock valued at $110,670,000 after purchasing an additional 1,967,321 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Smartstop Self Storage REIT by 24.2% in the third quarter. Wellington Management Group LLP now owns 1,196,065 shares of the healthcare company’s stock valued at $45,020,000 after purchasing an additional 233,313 shares in the last quarter. Goldentree Asset Management LP lifted its holdings in shares of Smartstop Self Storage REIT by 24.5% in the third quarter. Goldentree Asset Management LP now owns 1,181,767 shares of the healthcare company’s stock valued at $44,393,000 after purchasing an additional 232,466 shares in the last quarter. Conversant Capital LLC purchased a new stake in shares of Smartstop Self Storage REIT in the second quarter valued at $36,098,000. Finally, Aberdeen Group plc lifted its holdings in shares of Smartstop Self Storage REIT by 18.3% in the fourth quarter. Aberdeen Group plc now owns 966,936 shares of the healthcare company’s stock valued at $29,917,000 after purchasing an additional 149,391 shares in the last quarter.
Smartstop Self Storage REIT Price Performance
NYSE SMA opened at $30.78 on Thursday. Smartstop Self Storage REIT Inc has a fifty-two week low of $29.41 and a fifty-two week high of $39.77. The stock’s 50-day moving average is $31.47 and its two-hundred day moving average is $32.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.33 and a quick ratio of 5.33. The firm has a market cap of $1.70 billion and a P/E ratio of 205.21.
Smartstop Self Storage REIT Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.1359 per share. This represents a c) annualized dividend and a yield of 5.3%. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. The ex-dividend date is Friday, May 29th. Smartstop Self Storage REIT’s dividend payout ratio is 1,053.33%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, March 23rd. Robert W. Baird reduced their target price on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday, March 11th. Scotiabank upgraded Smartstop Self Storage REIT to a “strong-buy” rating in a report on Thursday, March 19th. Wells Fargo & Company reduced their target price on Smartstop Self Storage REIT from $33.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Finally, Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Smartstop Self Storage REIT has an average rating of “Moderate Buy” and an average target price of $36.94.
Check Out Our Latest Stock Report on Smartstop Self Storage REIT
Smartstop Self Storage REIT Profile
Symmetry Medical Inc (Symmetry) is a medical device solutions company, including surgical instruments, orthopedic implants, and sterilization cases and trays. The Company designs, develops and offers worldwide production and supply chain capabilities for these products to customers in the orthopedic industry, and other medical device markets (including but not limited to arthroscopy, dental, laparoscopy, osteobiologic, and endoscopy segments). It also manufactures specialized non-healthcare products, primarily in the aerospace industry.
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