Smartstop Self Storage REIT (NYSE:SMA) Reaches New 52-Week High - Time to Buy?

Key Points

• SmartStop Self Storage REIT reached a new 52-week high, trading as high as $36.20 and last changing hands near $36.07. MarketBeat reports a “Moderate Buy” consensus rating and an average analyst price target of $36.42.
• The company reported quarterly EPS of $0.20, missing the $0.49 consensus estimate, while generating $79.28 million in revenue. Analysts expect about $2.02 in EPS for the current fiscal year.
• SmartStop increased its monthly dividend to $0.1359 per share, equivalent to an annualized $1.63 and a 4.5% yield; however, its dividend payout ratio is elevated at 309.8%.

Smartstop Self Storage REIT Inc (NYSE:SMA - Get Free Report)'s stock price reached a new 52-week high on Friday. The stock traded as high as $36.20 and last traded at $36.0670, with a volume of 63,031 shares traded. The stock had previously closed at $35.76.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. 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. BMO Capital Markets cut Smartstop Self Storage REIT from an "outperform" rating to a "market perform" rating and set a $38.00 price objective for the company. in a research note on Thursday, August 27th. National Bank Financial lifted their target price on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an "outperform" rating in a report on Tuesday, August 18th. Wells Fargo & Company upped their target price on Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 1st. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Smartstop Self Storage REIT in a report on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Smartstop Self Storage REIT presently has a consensus rating of "Moderate Buy" and an average target price of $36.42.

Smartstop Self Storage REIT Price Performance

The stock's fifty day moving average is $33.14 and its 200-day moving average is $32.59. The stock has a market capitalization of $2.01 billion, a PE ratio of 71.00 and a beta of 0.48. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.28 and a quick ratio of 5.28.

Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) last announced its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.29). The company had revenue of $79.28 million during the quarter. Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. As a group, equities analysts predict that Smartstop Self Storage REIT Inc will post 2.02 earnings per share for the current fiscal 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 is a positive change from Smartstop Self Storage REIT's previous monthly dividend of $0.1315. This represents a $1.63 dividend on an annualized basis and a yield of 4.5%. Smartstop Self Storage REIT's dividend payout ratio (DPR) is 309.80%.

Insider Transactions at Smartstop Self Storage REIT

In other Smartstop Self Storage REIT news, General Counsel Nicholas Look sold 1,025 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $34.36, for a total value of $35,219.00. Following the completion of the sale, the general counsel directly owned 588 shares of the company's stock, valued at $20,203.68. This trade represents a 63.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 2,300 shares of company stock valued at $77,604. 5.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Smartstop Self Storage REIT

A number of institutional investors and hedge funds have recently made changes to their positions in SMA. Signature Equity Partners LLC boosted its stake in shares of Smartstop Self Storage REIT by 108.2% during the 3rd quarter. Signature Equity Partners LLC now owns 10,574 shares of the healthcare company's stock worth $340,000 after acquiring an additional 5,496 shares in the last quarter. MBL Wealth LLC purchased a new stake in shares of Smartstop Self Storage REIT in the third quarter worth about $596,000. State of Alaska Department of Revenue boosted its stake in shares of Smartstop Self Storage REIT by 4.6% in the third quarter. State of Alaska Department of Revenue now owns 44,082 shares of the healthcare company's stock valued at $1,417,000 after purchasing an additional 1,941 shares during the period. Versant Capital Management Inc lifted its stake in shares of Smartstop Self Storage REIT by 489.3% in the third quarter. Versant Capital Management Inc now owns 2,599 shares of the healthcare company's stock worth $84,000 after acquiring an additional 2,158 shares in the last quarter. Finally, Engineers Gate Manager LP grew its position in shares of Smartstop Self Storage REIT by 23.9% during the second quarter. Engineers Gate Manager LP now owns 29,430 shares of the healthcare company's stock worth $956,000 after buying an additional 5,680 shares in the last quarter.

About Smartstop Self Storage REIT

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.

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