Smartstop Self Storage REIT Inc (NYSE:SMA) to Issue Monthly Dividend of $0.14

Smartstop Self Storage REIT Inc (NYSE:SMA) announced a monthly dividend on Thursday, October 1st. Investors of record on Friday, October 30th will be given a dividend of $0.1359 per share by the healthcare company on Friday, November 13th. This represents a $1.63 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, October 30th. This is a 3.3% increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315.

Smartstop Self Storage REIT Stock Up 0.6%

SMA stock traded up $0.20 during midday trading on Friday, hitting $32.44. The stock had a trading volume of 66,085 shares, compared to its average volume of 783,190. The business has a 50-day moving average of $33.24 and a two-hundred day moving average of $32.40. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.28 and a quick ratio of 5.28. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 63.43 and a beta of 0.48. Smartstop Self Storage REIT has a 52-week low of $29.41 and a 52-week high of $38.69.

Smartstop Self Storage REIT (NYSE:SMA) last issued its quarterly earnings results 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 return on equity of 2.33% and a net margin of 9.68%.The business 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. As a group, equities research analysts forecast that Smartstop Self Storage REIT will post 2.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Smartstop Self Storage REIT from $33.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, September 21st. Wells Fargo & Company raised their price objective on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. BMO Capital Markets cut shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a report on Thursday, August 27th. Robert W. Baird dropped their target price on shares of Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Truist Financial set a $33.00 price target on shares of Smartstop Self Storage REIT and gave the company a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.42.

Smartstop Self Storage REIT Company Profile

SmartStop Self Storage REIT, Inc (NYSE:SMA) is a real estate investment trust focused on the ownership, operation and management of self-storage facilities. The company provides storage space for residential, commercial and other customers, with offerings that may include traditional storage units, climate-controlled units, vehicle storage and related tenant services.

SmartStop operates under the SmartStop Self Storage brand and serves customers across the United States and Canada. Its facilities generally provide online reservations and payments, electronic access, moving and packing supplies, and other convenience-oriented services.