California State Teachers Retirement System Has $2.11 Million Stake in Smartstop Self Storage REIT Inc $SMA

Key Points

• California State Teachers Retirement System increased its Smartstop Self Storage REIT stake by 134.7% to 69,654 shares, valued at approximately $2.11 million.
• SMA shares opened at $34.07, up 0.2%, with a market capitalization of $1.89 billion. The stock trades near its 52-week range of $29.41 to $39.77.
• Smartstop reported quarterly EPS of $0.20, missing the $0.49 consensus estimate, while revenue reached $79.28 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $36.38.

California State Teachers Retirement System grew its stake in shares of Smartstop Self Storage REIT Inc (NYSE:SMA - Free Report) by 134.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,654 shares of the healthcare company's stock after buying an additional 39,975 shares during the period. California State Teachers Retirement System owned approximately 0.13% of Smartstop Self Storage REIT worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new position in Smartstop Self Storage REIT during the fourth quarter valued at approximately $25,000. Beacon Capital Management Inc. acquired a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at $27,000. Assetmark Inc. acquired a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at $31,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Smartstop Self Storage REIT in the 4th quarter valued at $31,000.

Smartstop Self Storage REIT Stock Up 0.2%

Shares of SMA stock opened at $34.07 on Wednesday. The company has a current ratio of 5.28, a quick ratio of 5.33 and a debt-to-equity ratio of 0.89. Smartstop Self Storage REIT Inc has a 1 year low of $29.41 and a 1 year high of $39.77. The firm's fifty day moving average price is $33.19 and its two-hundred day moving average price is $32.31. The firm has a market capitalization of $1.89 billion, a P/E ratio of 66.80 and a beta of 0.50.

Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 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 for the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. On average, equities analysts predict that Smartstop Self Storage REIT Inc will post 2 EPS for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.1359 per share. The ex-dividend date is Monday, August 31st. This is a boost from Smartstop Self Storage REIT's previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 4.8%. Smartstop Self Storage REIT's dividend payout ratio is currently 319.61%.

Wall Street Analysts Forecast Growth

SMA has been the topic of several recent analyst reports. Wells Fargo & Company reiterated a "neutral" rating on shares of Smartstop Self Storage REIT in a report on Friday, July 24th. National Bank Financial increased their target price on Smartstop Self Storage REIT from $37.50 to $38.50 and gave the stock an "outperform" rating in a research note on Tuesday. Weiss Ratings upgraded 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 assumed coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They issued a "strong-buy" rating and a $39.00 price target on the stock. Finally, Robert W. Baird upped their price target on shares of Smartstop Self Storage REIT from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Smartstop Self Storage REIT has a consensus rating of "Moderate Buy" and an average price target of $36.38.

Smartstop Self Storage REIT 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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