Stifel Nicolaus Keeps Their Buy Rating on SmartStop Self Storage REIT, Inc. (SMA)
In a report released today, Simon Yarmak from Stifel Nicolaus maintained a Buy rating on SmartStop Self Storage REIT, Inc., with a price target of $40.00.
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Yarmak covers the Real Estate sector, focusing on stocks such as Realty Income, SmartStop Self Storage REIT, Inc., and VICI Properties. According to TipRanks, Yarmak has an average return of 8.7% and a 56.80% success rate on recommended stocks.
In addition to Stifel Nicolaus, SmartStop Self Storage REIT, Inc. also received a Buy from Wells Fargo’s Eric Luebchow in a report issued on November 25. However, on December 7, TR | OpenAI – 4o reiterated a Hold rating on SmartStop Self Storage REIT, Inc. (NYSE: SMA).
Based on SmartStop Self Storage REIT, Inc.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $70.43 million and a net profit of $5.06 million. In comparison, last year the company earned a revenue of $60.16 million and had a GAAP net loss of $3.08 million
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SMA in relation to earlier this year. Last month, H. Michael Schwartz, the CEO of SMA bought 6,250.00 shares for a total of $198,187.50.
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