Raymond James analyst Jonathan Hughes initiated coverage of SmartStop Self Storage (SMA) with an Outperform rating and $40 price target SmartStop’s high-quality portfolio and operating platform are comparable to legacy peers, with the added benefits of higher organic growth and margin upside and greater external growth impact due to its smaller size, the analyst tells investors in a research note. The firm believes relative downside is limited with the self storage REIT sector trading below its historical relative valuation spreads vs. the REIT average.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMA:
- Buy Rating for SmartStop Self Storage REIT, Inc. Driven by Unique Market Presence and Growth Potential
- Positive Outlook for SmartStop Self Storage REIT, Inc. Driven by Strategic Positioning and Growth Opportunities
- SmartStop Self Storage initiated with an Overweight at JPMorgan
- SmartStop Self Storage initiated with a Buy at Stifel
- SmartStop Self Storage initiated with an Outperform at Baird