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SmartStop Self Storage REIT, Inc. ( (SMA) ) has issued an announcement.
SmartStop Self Storage REIT, Inc. has advised its stockholders to reject an unsolicited mini-tender offer from MacKenzie Capital Management, LP, which aims to acquire up to 300,000 shares at a price significantly lower than the current market value. The company’s board highlights that the offer is below market value, lacks independent evaluation, and poses risks typical of mini-tender offers, urging stockholders to carefully consider their options and consult advisors before making decisions.
The most recent analyst rating on (SMA) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on SmartStop Self Storage REIT, Inc. stock, see the SMA Stock Forecast page.
More about SmartStop Self Storage REIT, Inc.
SmartStop Self Storage REIT, Inc. operates in the self-storage industry, providing storage solutions for individuals and businesses. The company focuses on offering secure and convenient storage facilities across various locations.
Average Trading Volume: 1,115,422
Current Market Cap: $166.1M
For a thorough assessment of SMA stock, go to TipRanks’ Stock Analysis page.