Analysts at Raymond James have adjusted their price target for SmartStop Self Storage (SMA, Financial), raising it from $40 to $42 while maintaining an Outperform rating on the shares. The company is experiencing an easing of move-in rate comparisons, and although housing mobility is not improving, it isn't declining either. Rental activity for SmartStop Self Storage remains consistent.
The firm anticipates increased external growth for SMA, driven by its relatively smaller asset base and available balance sheet capacity. This outlook supports the belief that SmartStop Self Storage can capitalize on new opportunities, leveraging its financial flexibility for strategic expansion.
