JPMorgan Chase & Co. Issues Positive Forecast for Smartstop Self Storage REIT (NYSE:SMA) Stock Price

Key Points

• JPMorgan raised SmartStop Self Storage REIT’s price target from $33 to $34 but maintained an “underweight” rating, implying roughly 4.44% upside from the current price.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $37.08; targets from other firms range as high as $39.25.
• The company reported quarterly EPS of $0.20, missing the $0.49 consensus estimate, while revenue reached $79.28 million. An insider also sold 1,025 shares, and insiders sold 1,875 shares worth $63,163 during the quarter.

Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) had its price target upped by stock analysts at JPMorgan Chase & Co. from $33.00 to $34.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an "underweight" rating on the healthcare company's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 4.44% from the stock's current price.

Several other brokerages have also recently issued reports on SMA. Robert W. Baird lifted their price objective 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. Wells Fargo & Company boosted 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 report on Tuesday, September 1st. Raymond James Financial initiated coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They set a "strong-buy" rating and a $39.00 target price 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 note on Thursday, July 16th. Finally, National Bank Financial lifted their price target on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an "outperform" rating in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Smartstop Self Storage REIT presently has a consensus rating of "Moderate Buy" and an average target price of $37.08.

Smartstop Self Storage REIT Stock Down 0.0%

Smartstop Self Storage REIT stock opened at $32.55 on Monday. Smartstop Self Storage REIT has a twelve month low of $29.41 and a twelve month high of $38.69. The stock's fifty day simple moving average is $33.57 and its 200-day simple moving average is $32.42. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1.80 billion, a P/E ratio of 63.83 and a beta of 0.49.

Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) last released its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company 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 analysts expect that Smartstop Self Storage REIT will post 2.02 earnings per share for the current fiscal year.

Insider Activity at Smartstop Self Storage REIT

In other news, General Counsel Nicholas Look sold 1,025 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $34.36, for a total value of $35,219.00. Following the transaction, the general counsel 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 legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 1,875 shares of company stock valued at $63,163. Corporate insiders own 5.70% of the company's stock.

Hedge Funds Weigh In On Smartstop Self Storage REIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV acquired a new stake in Smartstop Self Storage REIT during the fourth quarter worth approximately $25,000. Anchor Investment Management LLC acquired a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at $31,000. Strategic Advocates LLC acquired a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at $33,000. Compass Financial Management LLC purchased a new position in shares of Smartstop Self Storage REIT in the 2nd quarter valued at $38,000. Finally, Allworth Financial LP grew its position in shares of Smartstop Self Storage REIT by 6,645.5% in the 4th quarter. Allworth Financial LP now owns 1,484 shares of the healthcare company's stock valued at $46,000 after buying an additional 1,462 shares during the last quarter.

About Smartstop Self Storage REIT

SmartStop Self Storage REIT, Inc is a self-managed and fully integrated real estate investment trust focused on the ownership, operation, acquisition and development of self-storage properties. The company provides storage solutions for residential, commercial and vehicle-storage customers through facilities operating primarily under the SmartStop Self Storage brand.

SmartStop's properties offer a range of unit sizes and features, including climate-controlled storage, drive-up access, month-to-month rental options, online leasing and payment services, and protection plans.

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