Short Interest in Smartstop Self Storage REIT Inc (NYSE:SMA) Rises By 46.8%
by Amy Steele · The Cerbat GemSmartstop Self Storage REIT Inc (NYSE:SMA – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 4,925,376 shares, a growth of 46.8% from the March 15th total of 3,355,791 shares. Currently, 9.4% of the company’s shares are short sold. Based on an average daily volume of 1,485,753 shares, the days-to-cover ratio is presently 3.3 days.
Institutional Investors Weigh In On Smartstop Self Storage REIT
A number of hedge funds have recently modified their holdings of the business. Creative Financial Designs Inc. ADV bought a new position in Smartstop Self Storage REIT in the 4th quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Smartstop Self Storage REIT during the third quarter worth approximately $26,000. Beacon Capital Management Inc. acquired a new position in shares of Smartstop Self Storage REIT in the fourth quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Smartstop Self Storage REIT in the fourth quarter valued at approximately $27,000. Finally, Assetmark Inc. bought a new position in shares of Smartstop Self Storage REIT during the fourth quarter worth approximately $31,000.
Smartstop Self Storage REIT Trading Up 1.1%
NYSE SMA traded up $0.35 during trading on Thursday, reaching $32.15. 829,584 shares of the stock traded hands, compared to its average volume of 945,723. Smartstop Self Storage REIT has a fifty-two week low of $29.42 and a fifty-two week high of $39.77. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 0.86. The firm has a market cap of $1.78 billion and a price-to-earnings ratio of -86.89. The stock’s 50-day moving average price is $32.03 and its 200 day moving average price is $32.94.
Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last posted its earnings results 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 during the quarter. The company’s revenue for the quarter 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 Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be paid a $0.1315 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, April 30th. Smartstop Self Storage REIT’s payout ratio is presently -440.54%.
Analysts Set New Price Targets
SMA has been the topic of several recent research reports. Wells Fargo & Company reduced their target price on shares of Smartstop Self Storage REIT from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday. Robert W. Baird cut their price objective on shares of 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smartstop Self Storage REIT in a research note on Friday, March 27th. Zacks Research lowered shares of Smartstop Self Storage REIT from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Finally, Wall Street Zen upgraded shares of Smartstop Self Storage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Smartstop Self Storage REIT currently has an average rating of “Moderate Buy” and an average target price of $37.25.
Get Our Latest Stock Report on Smartstop Self Storage REIT
About Smartstop Self Storage REIT
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.