Truist Financial Sticks to Their Buy Rating for SmartStop Self Storage REIT, Inc. (SMA)
In a report released today, Michael Lewis from Truist Financial maintained a Buy rating on SmartStop Self Storage REIT, Inc., with a price target of $39.00.
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Lewis covers the Real Estate sector, focusing on stocks such as SL Green Realty, Vornado Realty, and Essential Properties Realty. According to TipRanks, Lewis has an average return of 8.9% and a 60.39% success rate on recommended stocks.
In addition to Truist Financial, SmartStop Self Storage REIT, Inc. also received a Buy from Stifel Nicolaus’s Simon Yarmak in a report issued on December 10. However, on December 18, J.P. Morgan downgraded SmartStop Self Storage REIT, Inc. (NYSE: SMA) to a Sell.
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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