Smartstop Self Storage REIT Inc $SMA Shares Sold by Massachusetts Financial Services Co. MA

by · The Cerbat Gem

Massachusetts Financial Services Co. MA cut its holdings in shares of Smartstop Self Storage REIT Inc (NYSE:SMA – Free Report) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 794,289 shares of the healthcare company’s stock after selling 28,411 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Smartstop Self Storage REIT were worth $24,575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMA. JPMorgan Chase & Co. bought a new stake in Smartstop Self Storage REIT during the second quarter worth approximately $3,155,000. New York State Common Retirement Fund bought a new stake in Smartstop Self Storage REIT during the second quarter worth approximately $326,000. Quantbot Technologies LP bought a new stake in Smartstop Self Storage REIT during the second quarter worth approximately $377,000. Invesco Ltd. bought a new stake in Smartstop Self Storage REIT during the second quarter worth approximately $602,000. Finally, Marshall Wace LLP bought a new stake in Smartstop Self Storage REIT during the second quarter worth approximately $830,000.

Smartstop Self Storage REIT Trading Down 1.7%

NYSE SMA opened at $31.78 on Thursday. Smartstop Self Storage REIT Inc has a twelve month low of $29.42 and a twelve month high of $39.77. The company has a debt-to-equity ratio of 0.86, a quick ratio of 5.87 and a current ratio of 5.87. The stock has a market cap of $1.76 billion and a price-to-earnings ratio of -85.88. The firm’s 50 day moving average price is $32.04 and its two-hundred day moving average price is $32.94.

Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The healthcare company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.49). Smartstop Self Storage REIT had a negative return on equity of 0.16% and a negative net margin of 0.59%.The firm had revenue of $78.45 million for the quarter. The business’s revenue was up 29.5% compared to the same quarter last year. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.930-2.050 EPS.

Smartstop Self Storage REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be given a dividend of $0.1315 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Thursday, April 30th. Smartstop Self Storage REIT’s payout ratio is presently -440.54%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SMA shares. Scotiabank raised Smartstop Self Storage REIT to a “strong-buy” rating in a report on Thursday, March 19th. Zacks Research cut Smartstop Self Storage REIT from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Robert W. Baird dropped their target price on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Wells Fargo & Company cut Smartstop Self Storage REIT from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $41.00 to $33.00 in a report on Thursday, February 5th. Finally, Truist Financial dropped their target price on Smartstop Self Storage REIT from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.55.

Check Out Our Latest Report on Smartstop Self Storage REIT

Smartstop Self Storage REIT Company Profile

(Free Report)

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.

See Also

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