Smartstop Self Storage REIT Inc (NYSE:SMA) Stock Has Average Target Price of $36.42

Shares of Smartstop Self Storage REIT Inc (NYSE:SMA) have earned an average rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $36.42.

A number of brokerages have recently commented on SMA. Wells Fargo & Company upped their target price on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. Robert W. Baird cut their price objective on shares of Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Smartstop Self Storage REIT in a research note on Wednesday, October 14th. JPMorgan Chase & Co. boosted their target price on Smartstop Self Storage REIT from $33.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, September 21st. Finally, Raymond James Financial assumed coverage on Smartstop Self Storage REIT in a report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price target for the company.

Smartstop Self Storage REIT Stock Down 0.1%

NYSE:SMA opened at $36.50 on Monday. 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 stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 71.57 and a beta of 0.27. Smartstop Self Storage REIT has a 52 week low of $29.41 and a 52 week high of $36.75. The stock’s fifty day moving average is $33.18 and its two-hundred day moving average is $32.61.

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 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 company 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. Research analysts anticipate that Smartstop Self Storage REIT will post 2.02 EPS for the current year.

Smartstop Self Storage REIT Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a dividend of $0.1359 per share. The ex-dividend date is Friday, October 30th. This represents a $1.63 annualized dividend and a dividend yield of 4.5%. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315. Smartstop Self Storage REIT’s payout ratio is presently 319.61%.

Insider Activity

In other Smartstop Self Storage REIT news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $34.36, for a total value of $35,219.00. Following the transaction, the general counsel directly owned 588 shares in the company, valued at approximately $20,203.68. This represents a 63.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 2,300 shares of company stock valued at $77,604 in the last quarter. 5.70% of the stock is owned by corporate insiders.

Institutional Trading of Smartstop Self Storage REIT

Several large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in Smartstop Self Storage REIT in the 2nd quarter valued at about $2,049,000. Irenic Capital Management LP bought a new stake in shares of Smartstop Self Storage REIT during the 2nd quarter worth $28,490,000. Quantinno Capital Management LP grew its holdings in shares of Smartstop Self Storage REIT by 449.6% in the 1st 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 last quarter. Principal Financial Group Inc. raised its holdings in Smartstop Self Storage REIT by 25.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock worth $78,611,000 after buying an additional 528,974 shares during the period. Finally, Swiss National Bank lifted its stake in Smartstop Self Storage REIT by 78.6% during the first quarter. Swiss National Bank now owns 109,500 shares of the healthcare company’s stock valued at $3,316,000 after buying an additional 48,200 shares in the last quarter.

Smartstop Self Storage REIT Company Profile

SmartStop Self Storage REIT, Inc (NYSE: SMA) is a self-managed real estate investment trust focused on owning, operating and acquiring self-storage properties. Its facilities provide individuals and businesses with storage units in a range of sizes, along with related services such as online reservations, electronic access and tenant protection offerings.

The company serves customers primarily in the United States and also has exposure to the Canadian self-storage market. Its portfolio includes conventional self-storage facilities and properties offering vehicle, commercial and other specialized storage options.