Smartstop Self Storage REIT (NYSE:SMA) Director Sells $12,609.75 in Stock

Smartstop Self Storage REIT Inc (NYSE:SMA) Director David Mueller sold 425 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $29.67, for a total transaction of $12,609.75. Following the completion of the sale, the director directly owned 5,915 shares of the company’s stock, valued at approximately $175,498.05. This trade represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Smartstop Self Storage REIT Stock Down 0.0%

NYSE:SMA opened at $30.81 on Friday. Smartstop Self Storage REIT Inc has a 1-year low of $29.41 and a 1-year high of $39.77. The company has a 50-day moving average of $31.45 and a 200 day moving average of $32.10. The firm has a market cap of $1.71 billion and a PE ratio of 205.39. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.33 and a quick ratio of 5.33.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings data on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The company had revenue of $78.31 million during the quarter, compared to analyst estimates of $72.56 million. Smartstop Self Storage REIT’s revenue for the quarter was up 19.7% on a year-over-year basis. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. As a group, research analysts anticipate 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 declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.1359 per share. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a dividend yield of 5.3%. Smartstop Self Storage REIT’s payout ratio is currently 1,053.33%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stifel Nicolaus decreased their price target on shares of Smartstop Self Storage REIT from $39.50 to $38.50 and set a “buy” rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company decreased their price target on shares of Smartstop Self Storage REIT from $33.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Zacks Research raised shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Scotiabank raised shares of Smartstop Self Storage REIT to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Wall Street Zen raised shares of Smartstop Self Storage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.94.

Hedge Funds Weigh In On Smartstop Self Storage REIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Merit Financial Group LLC purchased a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at approximately $3,558,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at approximately $4,465,000. Principal Financial Group Inc. raised its position in shares of Smartstop Self Storage REIT by 10,361.9% in the 4th quarter. Principal Financial Group Inc. now owns 2,067,159 shares of the healthcare company’s stock valued at $63,958,000 after purchasing an additional 2,047,400 shares during the last quarter. Blue Sky Capital Consultants Group Inc. purchased a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at approximately $1,064,000. Finally, Choreo LLC purchased a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at approximately $2,941,000.

About Smartstop Self Storage REIT

Symmetry Medical Inc (Symmetry) is a medical device solutions company, including surgical instruments, orthopedic implants, and sterilization cases and trays. The Company designs, develops and offers worldwide production and supply chain capabilities for these products to customers in the orthopedic industry, and other medical device markets (including but not limited to arthroscopy, dental, laparoscopy, osteobiologic, and endoscopy segments). It also manufactures specialized non-healthcare products, primarily in the aerospace industry.