MBL Wealth LLC Purchases New Position in Smartstop Self Storage REIT Inc $SMA

MBL Wealth LLC acquired a new position in shares of Smartstop Self Storage REIT Inc (NYSE:SMA) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 18,500 shares of the healthcare company’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in Smartstop Self Storage REIT by 25.6% in the first quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock valued at $78,611,000 after buying an additional 528,974 shares in the last quarter. Irenic Capital Management LP bought a new stake in shares of Smartstop Self Storage REIT during the second quarter worth $28,490,000. Conversant Capital LLC bought a new stake in shares of Smartstop Self Storage REIT during the first quarter worth $25,972,000. Independent Financial Group LLC acquired a new position in shares of Smartstop Self Storage REIT during the first quarter worth $10,689,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Smartstop Self Storage REIT by 33.6% during the first quarter. Bank of New York Mellon Corp now owns 231,115 shares of the healthcare company’s stock worth $6,998,000 after buying an additional 58,169 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price target on Smartstop Self Storage REIT from $33.00 to $34.00 and gave the company an “underweight” rating in a research note on Monday, September 21st. Truist Financial reissued a “hold” rating and set a $33.00 price objective (down from $36.00) on shares of Smartstop Self Storage REIT in a report on Thursday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Smartstop Self Storage REIT in a research report on Wednesday, October 14th. Robert W. Baird lowered their target price on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Friday, October 2nd. Finally, BMO Capital Markets cut Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a report on Thursday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.42.

Insider Activity

In other news, General Counsel Nicholas Look sold 1,025 shares of Smartstop Self Storage REIT stock in a transaction on Friday, August 14th. The shares were sold at an average price of $34.36, for a total transaction of $35,219.00. Following the transaction, the general counsel owned 588 shares in the company, valued at approximately $20,203.68. The trade was a 63.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 2,300 shares of company stock worth $77,604 over the last ninety days. 5.70% of the stock is currently owned by company insiders.

Smartstop Self Storage REIT Trading Up 0.5%

NYSE SMA traded up $0.19 during trading hours on Friday, reaching $35.63. The company’s stock had a trading volume of 695,198 shares, compared to its average volume of 739,330. The firm has a fifty day simple moving average of $33.02 and a 200-day simple moving average of $32.68. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.28 and a quick ratio of 5.28. Smartstop Self Storage REIT Inc has a 52 week low of $29.41 and a 52 week high of $38.69. The stock has a market cap of $1.97 billion, a P/E ratio of 69.86 and a beta of 0.48.

Smartstop Self Storage REIT (NYSE:SMA) last posted its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29). Smartstop Self Storage REIT had a return on equity of 2.33% and a net margin of 9.68%. The business had revenue of $79.28 million for the quarter. 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 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.1359 per share. The ex-dividend date of this dividend is Friday, October 30th. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315. This represents a $1.63 annualized dividend and a dividend yield of 4.6%. Smartstop Self Storage REIT’s payout ratio is 309.80%.

Smartstop Self Storage REIT 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.