Smartstop Self Storage REIT (NYSE:SMA) Downgraded to “Market Perform” Rating by BMO Capital Markets

Smartstop Self Storage REIT (NYSE:SMA) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, Marketbeat reports. They presently have a $38.00 price objective on the healthcare company’s stock. BMO Capital Markets’ price target suggests a potential upside of 12.09% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Wells Fargo & Company reissued a “neutral” rating on shares of Smartstop Self Storage REIT in a research note on Friday, July 24th. Raymond James Financial began coverage on 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. Robert W. Baird increased their price target on Smartstop Self Storage REIT from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, National Bank Financial raised their price objective on 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. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.64.

Smartstop Self Storage REIT Stock Performance

Shares of SMA stock opened at $33.90 on Thursday. The business’s 50-day moving average price is $33.70 and its 200-day moving average price is $32.49. Smartstop Self Storage REIT has a 12 month low of $29.41 and a 12 month high of $39.77. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 66.47 and a beta of 0.50. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.89.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings data on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (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 firm 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. Equities research analysts forecast that Smartstop Self Storage REIT will post 2 EPS for the current year.

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 stock was sold at an average price of $34.36, for a total transaction of $35,219.00. Following the sale, the general counsel owned 588 shares in the company, valued at $20,203.68. This represents a 63.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 1,875 shares of company stock worth $63,328. 5.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Smartstop Self Storage REIT

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in shares of Smartstop Self Storage REIT by 10,361.9% during the 4th quarter. Principal Financial Group Inc. now owns 2,067,159 shares of the healthcare company’s stock worth $63,958,000 after purchasing an additional 2,047,400 shares during the period. Quantinno Capital Management LP raised its position in Smartstop Self Storage REIT by 449.6% in the first quarter. Quantinno Capital Management LP now owns 93,930 shares of the healthcare company’s stock worth $2,844,000 after acquiring an additional 76,839 shares during the period. Swiss National Bank raised its position in Smartstop Self Storage REIT by 78.6% in the first quarter. Swiss National Bank now owns 109,500 shares of the healthcare company’s stock worth $3,316,000 after acquiring an additional 48,200 shares during the period. Hsbc Holdings PLC purchased a new position in Smartstop Self Storage REIT in the first quarter valued at about $2,899,000. Finally, Conversant Capital LLC bought a new position in shares of Smartstop Self Storage REIT during the 1st quarter valued at approximately $25,972,000.

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.