Smartstop Self Storage REIT (NYSE:SMA) Price Target Raised to $38.50

Key Points

• National Bank Financial raised Smartstop Self Storage REIT’s price target to $38.50 from $37.50 and maintained an “outperform” rating, implying 12.59% upside from the $34.20 share price. Analysts overall rate the stock “Moderate Buy,” with an average target of $36.38.
• SMA shares rose 0.6% to $34.20 in Tuesday trading, while the stock remains below its 12-month high of $39.77. The company recently reported quarterly EPS of $0.20, missing the $0.49 consensus estimate, on revenue of $79.28 million.
• Several institutional investors initiated positions during the second quarter, including JPMorgan Chase, Invesco, Marshall Wace, Quantbot Technologies and the New York State Common Retirement Fund.

Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) had its price target boosted by research analysts at National Bank Financial from $37.50 to $38.50 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the healthcare company's stock. National Bank Financial's price target suggests a potential upside of 12.59% from the stock's current price.

Several other research firms also recently weighed in on SMA. Robert W. Baird lifted their target price on Smartstop Self Storage REIT from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday. 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. Wells Fargo & Company reaffirmed a "neutral" rating on shares of Smartstop Self Storage REIT in a research note on Friday, July 24th. Zacks Research upgraded shares of Smartstop Self Storage REIT from a "strong sell" rating to a "hold" rating in a report on Friday, May 8th. Finally, Raymond James Financial assumed coverage on shares of 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. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $36.38.

Smartstop Self Storage REIT Trading Up 0.6%

Shares of SMA traded up $0.21 during mid-day trading on Tuesday, reaching $34.20. 107,897 shares of the company's stock traded hands, compared to its average volume of 795,578. The stock has a market cap of $1.89 billion, a P/E ratio of 67.11 and a beta of 0.50. The stock's 50-day moving average is $33.12 and its two-hundred day moving average is $32.29. Smartstop Self Storage REIT has a 12 month low of $29.41 and a 12 month high of $39.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.28 and a quick ratio of 5.33.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. Research analysts forecast that Smartstop Self Storage REIT will post 2 earnings per share for the current fiscal year.

Institutional Trading of Smartstop Self Storage REIT

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in shares of Smartstop Self Storage REIT in the 2nd quarter worth $3,155,000. New York State Common Retirement Fund bought a new stake in Smartstop Self Storage REIT during the second quarter valued at about $326,000. Quantbot Technologies LP purchased a new position in Smartstop Self Storage REIT in the second quarter valued at about $377,000. Invesco Ltd. purchased a new position in Smartstop Self Storage REIT in the second quarter valued at about $602,000. Finally, Marshall Wace LLP bought a new position in Smartstop Self Storage REIT in the second quarter worth about $830,000.

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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