Smartstop Self Storage REIT (NYSE:SMA) Price Target Raised to $41.00

Smartstop Self Storage REIT (NYSE:SMA) had its target price hoisted by Truist Financial from $33.00 to $41.00 in a report issued on Thursday morning, Marketbeat Ratings reports. Truist Financial currently has a hold rating on the healthcare company’s stock.

Several other research analysts have also weighed in on the company. 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 objective for the company. National Bank Financial upped their target price on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a research report on Tuesday, August 18th. KeyCorp raised their target price on Smartstop Self Storage REIT from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, November 9th. JPMorgan Chase & Co. lifted their target price on Smartstop Self Storage REIT from $33.00 to $34.00 and gave the stock an “underweight” rating in a report on Monday, September 21st. Finally, Robert W. Baird dropped their price target on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Smartstop Self Storage REIT currently has an average rating of “Moderate Buy” and an average price target of $37.98.

Smartstop Self Storage REIT Trading Up 1.4%

Shares of NYSE:SMA traded up $0.57 during trading on Thursday, reaching $39.90. The stock had a trading volume of 855,863 shares, compared to its average volume of 1,065,327. Smartstop Self Storage REIT has a 52 week low of $29.41 and a 52 week high of $40.35. The company has a debt-to-equity ratio of 0.91, a quick ratio of 5.28 and a current ratio of 4.20. The firm’s fifty day moving average is $34.23 and its 200 day moving average is $32.91. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 68.79 and a beta of 0.27.

Smartstop Self Storage REIT (NYSE:SMA) last announced its earnings results on Wednesday, November 4th. The healthcare company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.34). The firm had revenue of $81.78 million for the quarter. Smartstop Self Storage REIT had a return on equity of 2.64% and a net margin of 10.52%. As a group, equities analysts forecast that Smartstop Self Storage REIT will post 2.03 EPS for the current fiscal year.

Smartstop Self Storage REIT Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $0.1315 dividend. This is a drop from Smartstop Self Storage REIT’s previous monthly dividend of $0.1359. The ex-dividend date is Monday, November 30th. This represents a $1.58 dividend on an annualized basis and a yield of 4.0%. Smartstop Self Storage REIT’s dividend payout ratio is currently 281.03%.

Institutional Investors Weigh In On Smartstop Self Storage REIT

A number of hedge funds have recently made changes to their positions in the business. Compass Financial Management LLC bought a new stake in Smartstop Self Storage REIT in the second quarter worth about $38,000. KBC Group NV bought a new position in shares of Smartstop Self Storage REIT during the 1st quarter valued at approximately $49,000. Assetmark Inc. increased its stake in shares of Smartstop Self Storage REIT by 68.0% during the 1st quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock worth $52,000 after purchasing an additional 690 shares during the last quarter. Allworth Financial LP increased its stake in shares of Smartstop Self Storage REIT by 61.4% during the 2nd quarter. Allworth Financial LP now owns 1,788 shares of the healthcare company’s stock worth $58,000 after purchasing an additional 680 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Smartstop Self Storage REIT in the 2nd quarter worth approximately $82,000.

Smartstop Self Storage REIT Company Profile

SmartStop Self Storage REIT, Inc. is a real estate investment trust that owns and operates self-storage properties. Its facilities provide storage space for household and business customers, with services that may include online rentals and the sale of moving and packing supplies. The company’s portfolio serves customers in the United States and Canada. SmartStop also acquires and develops self-storage properties as part of its strategy to expand its operations. SmartStop was founded by H. Michael Schwartz, who has served as the company’s chief executive officer.