Stock Performance: SmartStop Self Storage REIT's share price has declined to $31.38, reflecting a 15.3% drop over the past 90 days, despite ongoing growth in its underlying business.
Valuation Insights: The company's price-to-sales ratio stands at 6.8, slightly below its peers, but still appears rich compared to an estimated fair value of 4.7, suggesting potential overvaluation.
DCF Analysis: A discounted cash flow model indicates that SmartStop shares could be undervalued by approximately 39%, with a fair value estimated at $51.33, raising questions about market expectations.
Investment Considerations: Investors are encouraged to explore other undervalued stocks and sectors, as SmartStop may only represent one opportunity in a broader investment strategy.
Wall Street analysts forecast SMA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMA is 39.57 USD with a low forecast of 35.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
Wall Street analysts forecast SMA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMA is 39.57 USD with a low forecast of 35.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
0 Hold
1 Sell
Moderate Buy
Current: 32.080
Low
35.00
Averages
39.57
High
41.00
Current: 32.080
Low
35.00
Averages
39.57
High
41.00
Truist
Ki Bin Kim
Buy
downgrade
$39 -> $38
2026-01-20
New
Reason
Truist
Ki Bin Kim
Price Target
$39 -> $38
AI Analysis
2026-01-20
New
downgrade
Buy
Reason
Truist analyst Ki Bin Kim lowered the firm's price target on SmartStop Self Storage to $38 from $39 and keeps a Buy rating on the shares. The firm adjusted ratings and targets in the real estate investment trust group as part of its 2026 outlook. Truist remains Neutral on REITs for 2026, saying fundamentals are improving as new supply slows and demand appears steady for high-quality assets. However, the stocks do not appear particularly cheap, the analyst tells investors in a research note. Truist is relatively bullish on healthcare, industrial, strip retail, gaming and lodging REITs, neutral on manufactured housing, multifamily, self-storage and triple net, and relatively cautious on mall and office.
JPMorgan
Neutral -> Underweight
downgrade
$35
2025-12-18
Reason
JPMorgan
Price Target
$35
2025-12-18
downgrade
Neutral -> Underweight
Reason
JPMorgan downgraded SmartStop Self Storage to Underweight from Neutral with an unchanged price target of $35. The firm made a number of rating changes in the real estate investment trust group as part of its 2026 outlook. The changes include two upgrades and seven downgrades. The number of downgrades reflects a "more stratified ratings distribution," the analyst tells investors in a research note.
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Wells Fargo
Overweight
maintain
$38 -> $41
2025-10-27
Reason
Wells Fargo
Price Target
$38 -> $41
2025-10-27
maintain
Overweight
Reason
Wells Fargo raised the firm's price target on SmartStop Self Storage to $41 from $38 and keeps an Overweight rating on the shares. The firm says that a recent rally makes the valuation setup in the space a little more challenging into Q3 earnings, although Wells expects the storage REITs to largely reiterate guides, with the setup for improving SS and FFO/share growth in 2026.
JPMorgan
Michael Mueller
Overweight -> Neutral
downgrade
$41 -> $39
2025-10-17
Reason
JPMorgan
Michael Mueller
Price Target
$41 -> $39
2025-10-17
downgrade
Overweight -> Neutral
Reason
JPMorgan analyst Michael Mueller downgraded SmartStop Self Storage to Neutral from Overweight with a price target of $39, down from $41. The firm cites valuation for the downgrade, saying SmartStop has positively re-rated and has significantly outperformed both the self-storage and overall real estate investment trust sectors.
About SMA
SmartStop Self Storage REIT, Inc. is a self-managed REIT with a fully integrated operations team of more than 1000 self-storage professionals focused on growing the SmartStop Self Storage brand. The Company is focused on the acquisition, ownership and operation of self-storage properties located primarily within the top 100 metropolitan statistical areas (MSAs) throughout the United States and Canada. The Company's segments include self storage operations and the Managed REIT Platform business. The Company, through its indirect subsidiary, SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. It owns or manages more than 460 operating properties in 35 states, Washington D.C., and Canada, comprising over 270,000 units and 35 million rentable square feet. The Company and its affiliates own or manage 49 operating self-storage properties across four provinces in Canada, which total approximately 42,200 units and 4.3 million rentable square feet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
