Raymond James raised the firm’s price target on SmartStop Self Storage (SMA) to $42 from $40 and keeps an Outperform rating on the shares. Move-in rate comps are continuing to ease, housing mobility remains weak, but not getting worse, and rental activity remains stable, the analyst tells investors in a research note. The firm expects more relative external growth activity from SmartStop Self Storage due the smaller asset base and balance sheet capacity.
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