Smartstop Self Storage REIT (NYSE:SMA) Director Sells $14,441.50 in Stock

Smartstop Self Storage REIT Inc (NYSE:SMA) Director David Mueller sold 425 shares of the company’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $33.98, for a total transaction of $14,441.50. Following the completion of the transaction, the director directly owned 3,790 shares of the company’s stock, valued at approximately $128,784.20. The trade was a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Smartstop Self Storage REIT Price Performance

SMA stock opened at $34.39 on Thursday. The stock has a 50-day moving average price of $32.97 and a two-hundred day moving average price of $32.63. The stock has a market cap of $1.90 billion, a PE ratio of 17.30 and a beta of 0.48. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.89. Smartstop Self Storage REIT Inc has a 1 year low of $29.41 and a 1 year high of $38.69.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.29). The firm had revenue of $79.28 million during the quarter. Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. Equities analysts forecast that Smartstop Self Storage REIT Inc will post 2.02 EPS for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a dividend of $0.1359 per share. The ex-dividend date is Friday, October 30th. This is a boost from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315. This represents a $1.63 dividend on an annualized basis and a dividend yield of 4.7%. Smartstop Self Storage REIT’s dividend payout ratio is 309.80%.

Analyst Ratings Changes

Several research firms have commented on SMA. National Bank Financial boosted their target price on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a research note on Tuesday, August 18th. Robert W. Baird reduced their price target on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, October 2nd. JPMorgan Chase & Co. raised their price target on shares of Smartstop Self Storage REIT from $33.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, September 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Smartstop Self Storage REIT in a report on Wednesday, October 14th. Finally, BMO Capital Markets downgraded shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a report on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.42.

Hedge Funds Weigh In On Smartstop Self Storage REIT

A number of large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in Smartstop Self Storage REIT during the second quarter valued at approximately $2,049,000. Irenic Capital Management LP bought a new position in Smartstop Self Storage REIT in the second quarter valued at approximately $28,490,000. Quantinno Capital Management LP grew its stake in Smartstop Self Storage REIT by 449.6% in the first quarter. Quantinno Capital Management LP now owns 93,930 shares of the healthcare company’s stock valued at $2,844,000 after purchasing an additional 76,839 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Smartstop Self Storage REIT by 25.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock worth $78,611,000 after purchasing an additional 528,974 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Smartstop Self Storage REIT by 78.6% during the 1st quarter. Swiss National Bank now owns 109,500 shares of the healthcare company’s stock worth $3,316,000 after purchasing an additional 48,200 shares during the last quarter.

Smartstop Self Storage REIT Company Profile

SmartStop Self Storage REIT, Inc (NYSE: SMA) is a self-managed real estate investment trust focused on owning, operating and acquiring self-storage properties. Its facilities provide individuals and businesses with storage units in a range of sizes, along with related services such as online reservations, electronic access and tenant protection offerings.

The company serves customers primarily in the United States and also has exposure to the Canadian self-storage market. Its portfolio includes conventional self-storage facilities and properties offering vehicle, commercial and other specialized storage options.