(SMA) SmartStop Self Storage REIT - Ratings and Ratios

SmartStop Self Storage REIT, Inc. is a self-managed Real Estate Investment Trust (REIT) that specializes in self-storage properties, leveraging a team of approximately 590 professionals to drive growth and expansion of its brand. Through its subsidiary SmartStop REIT Advisors, LLC, the company sponsors other self-storage programs, effectively broadening its reach and influence in the industry. With a significant presence in the US and Canada, SmartStop has established itself as a major player in the self-storage market, boasting an owned or managed portfolio of 220 properties across 23 states, the District of Columbia, and Canada.

As a REIT, SmartStops business model is centered around acquiring, developing, and managing self-storage facilities, which provides a steady stream of rental income. The companys properties comprise approximately 157,100 units and 17.7 million rentable square feet, with a notable presence in Canada, where it owns or manages 41 properties totaling around 34,400 units and 3.5 million rentable square feet. This diversified portfolio positions SmartStop for long-term growth and stability.

From a technical analysis perspective, SmartStops stock price is currently trading at $36.22, slightly below its 20-day Simple Moving Average (SMA) of $36.56, but above its 50-day SMA of $35.64 and 200-day SMA of $35.10. The Average True Range (ATR) of 1.01, representing 2.79% of the current price, indicates moderate volatility. Considering the 52-week high and low of $37.27 and $30.98, respectively, the stock is currently trading near the upper end of its recent range.

Combining technical and fundamental data, we can forecast that SmartStops stock price may experience a moderate increase in the short term, driven by the companys continued growth and expansion in the self-storage market. With a market capitalization of $1.796 billion and a negative Return on Equity (RoE) of -1.52, the companys financial performance is expected to improve as it continues to optimize its portfolio and capitalize on emerging trends in the industry. As the self-storage market continues to evolve, SmartStops diversified portfolio and integrated operations position it for long-term success, potentially driving the stock price towards the upper end of its 52-week range, potentially reaching $38 or more in the next 6-12 months.