63,050 Shares in Smartstop Self Storage REIT Inc $SMA Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio purchased 63,050 shares of Smartstop Self Storage REIT, valued at approximately $2.05 million, giving it a 0.11% stake. Several other institutional investors also initiated positions during the second quarter.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $36.86. Recent targets range from $35.00 to $39.25.
• Smartstop reported quarterly EPS of $0.20, missing the $0.49 consensus estimate, while revenue reached $79.28 million. The company declared a monthly dividend of $0.1315 per share, implying an annualized yield of about 4.8%.

Public Employees Retirement System of Ohio purchased a new position in shares of Smartstop Self Storage REIT Inc (NYSE:SMA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,050 shares of the healthcare company's stock, valued at approximately $2,049,000. Public Employees Retirement System of Ohio owned 0.11% of Smartstop Self Storage REIT as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in shares of Smartstop Self Storage REIT in the 2nd quarter valued at approximately $3,155,000. New York State Common Retirement Fund acquired a new stake in Smartstop Self Storage REIT in the 2nd quarter valued at $326,000. Quantbot Technologies LP acquired a new stake in Smartstop Self Storage REIT in the 2nd quarter valued at $377,000. Invesco Ltd. bought a new stake in Smartstop Self Storage REIT in the second quarter valued at $602,000. Finally, Marshall Wace LLP bought a new stake in Smartstop Self Storage REIT in the second quarter valued at $830,000.

Analysts Set New Price Targets

Several research analysts have issued reports on SMA shares. Wells Fargo & Company increased 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. Weiss Ratings raised shares of Smartstop Self Storage REIT from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 16th. Raymond James Financial started 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. National Bank Financial lifted their price target on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an "outperform" rating in a report on Tuesday, August 18th. Finally, Robert W. Baird upped their price objective on shares of Smartstop Self Storage REIT from $36.00 to $37.00 and gave the stock 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 assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.86.

Smartstop Self Storage REIT Price Performance

Shares of SMA stock opened at $32.61 on Monday. Smartstop Self Storage REIT Inc has a 52 week low of $29.41 and a 52 week high of $39.77. The stock has a market capitalization of $1.81 billion, a PE ratio of 63.94 and a beta of 0.49. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.28 and a current ratio of 5.28. The stock's fifty day moving average is $33.70 and its 200-day moving average is $32.52.

Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) last released its quarterly 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 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. Equities research analysts expect that Smartstop Self Storage REIT Inc will post 2 EPS for the current fiscal year.

Smartstop Self Storage REIT Cuts Dividend

The business also recently announced 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. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, September 30th. Smartstop Self Storage REIT's dividend payout ratio is presently 319.61%.

Insider Activity

In other news, General Counsel Nicholas Look sold 1,025 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $34.36, for a total transaction of $35,219.00. Following the sale, the general counsel directly owned 588 shares of the company's stock, valued at $20,203.68. This represents a 63.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 1,875 shares of company stock worth $63,328 in the last quarter. 5.70% of the stock is currently owned by corporate insiders.

Smartstop Self Storage REIT Company 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.

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