Public Employees Retirement System of Ohio Takes $2.05 Million Position in Smartstop Self Storage REIT Inc $SMA

Public Employees Retirement System of Ohio acquired a new position in Smartstop Self Storage REIT Inc (NYSE:SMA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 63,050 shares of the healthcare company’s stock, valued at approximately $2,049,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMA. Price T Rowe Associates Inc. MD grew its position in shares of Smartstop Self Storage REIT by 13.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,913,679 shares of the healthcare company’s stock worth $182,972,000 after buying an additional 710,871 shares during the period. Vanguard Group Inc. lifted its holdings in 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 buying an additional 1,967,321 shares during the period. Principal Financial Group Inc. lifted its holdings in Smartstop Self Storage REIT by 25.6% in the first quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock valued at $78,611,000 after buying an additional 528,974 shares during the period. Wellington Management Group LLP boosted its stake in Smartstop Self Storage REIT by 18.3% in the fourth quarter. Wellington Management Group LLP now owns 1,414,451 shares of the healthcare company’s stock valued at $43,763,000 after acquiring an additional 218,386 shares during the last quarter. Finally, State Street Corp boosted its stake in Smartstop Self Storage REIT by 74.1% in the fourth quarter. State Street Corp now owns 1,146,404 shares of the healthcare company’s stock valued at $35,624,000 after acquiring an additional 487,811 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James Financial assumed coverage on shares of Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 target price for the company. Wells Fargo & Company lifted their price objective on Smartstop Self Storage REIT from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 1st. BMO Capital Markets downgraded Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price objective for the company. in a report on Thursday, August 27th. Weiss Ratings raised Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Finally, Robert W. Baird increased their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.86.

Insider Activity at Smartstop Self Storage REIT

In related news, General Counsel Nicholas Look sold 1,025 shares of the business’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 transaction, the general counsel directly owned 588 shares in the company, valued at approximately $20,203.68. The trade was a 63.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 1,875 shares of company stock worth $63,328 over the last quarter. Company insiders own 5.70% of the company’s stock.

Smartstop Self Storage REIT Price Performance

SMA opened at $32.61 on Monday. The stock has a market cap of $1.81 billion, a P/E ratio of 63.94 and a beta of 0.49. Smartstop Self Storage REIT Inc has a 12 month low of $29.41 and a 12 month high of $39.77. The company has a quick ratio of 5.28, a current ratio of 5.28 and a debt-to-equity ratio of 0.89. The company has a fifty day simple moving average of $33.70 and a 200 day simple moving average of $32.52.

Smartstop Self Storage REIT (NYSE:SMA) last posted its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.29). Smartstop Self Storage REIT had a return on equity of 2.33% and a net margin of 9.68%.The business had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. On average, research analysts expect that Smartstop Self Storage REIT Inc will post 2 EPS for the current year.

Smartstop Self Storage REIT Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.1315 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is currently 319.61%.

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.