Smartstop Self Storage REIT (NYSE:SMA) Posts Earnings Results

Smartstop Self Storage REIT (NYSE:SMA) issued its earnings results on Wednesday. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT had a return on equity of 1.00% and a net margin of 4.38%.

Smartstop Self Storage REIT Trading Up 0.7%

NYSE SMA traded up $0.25 on Wednesday, hitting $33.93. 604,053 shares of the stock were exchanged, compared to its average volume of 799,408. The company has a debt-to-equity ratio of 0.86, a quick ratio of 5.33 and a current ratio of 5.33. Smartstop Self Storage REIT has a 52-week low of $29.41 and a 52-week high of $39.77. The firm has a market capitalization of $1.88 billion, a P/E ratio of 226.19 and a beta of 0.50. The stock has a fifty day moving average price of $32.89 and a two-hundred day moving average price of $32.28.

Smartstop Self Storage REIT Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.1359 per share. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 4.8%. Smartstop Self Storage REIT’s payout ratio is presently 1,086.67%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SMA. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Wells Fargo & Company reiterated a “neutral” rating on shares of Smartstop Self Storage REIT in a research report on Friday, July 24th. Weiss Ratings raised shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Finally, Raymond James Financial initiated coverage on shares of Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.44.

Institutional Investors Weigh In On Smartstop Self Storage REIT

Several institutional investors have recently made changes to their positions in SMA. Creative Financial Designs Inc. ADV purchased a new stake in Smartstop Self Storage REIT in the 4th quarter worth about $25,000. Beacon Capital Management Inc. purchased a new position in shares of Smartstop Self Storage REIT during the fourth quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Smartstop Self Storage REIT during the fourth quarter valued at approximately $27,000. Raymond James Financial Inc. bought a new position in shares of Smartstop Self Storage REIT during the second quarter valued at approximately $35,000. Finally, Anchor Investment Management LLC bought a new position in shares of Smartstop Self Storage REIT during the fourth quarter valued at approximately $31,000.

Smartstop Self Storage REIT Company 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.