Smartstop Self Storage REIT (NYSE:SMA) Director Sells $13,621.25 in Stock

Smartstop Self Storage REIT Inc (NYSE:SMA) Director David Mueller sold 425 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $32.05, for a total transaction of $13,621.25. Following the sale, the director owned 4,215 shares of the company’s stock, valued at approximately $135,090.75. This represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Smartstop Self Storage REIT Trading Up 1.2%

NYSE:SMA traded up $0.40 during mid-day trading on Thursday, reaching $32.66. 488,889 shares of the company’s stock traded hands, compared to its average volume of 784,613. Smartstop Self Storage REIT Inc has a 12-month low of $29.41 and a 12-month high of $38.99. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 64.04 and a beta of 0.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.28 and a quick ratio of 5.28. The company has a 50 day moving average price of $33.58 and a 200-day moving average price of $32.43.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29). The business had revenue of $79.28 million for 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. On average, sell-side analysts predict that Smartstop Self Storage REIT Inc will post 2.02 earnings per share for the current year.

Smartstop Self Storage REIT Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.1315 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.8%. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is presently 319.61%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of Smartstop Self Storage REIT during the second quarter valued at $2,049,000. Irenic Capital Management LP bought a new stake in Smartstop Self Storage REIT during the 2nd quarter valued at about $28,490,000. Quantinno Capital Management LP raised its holdings 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 worth $2,844,000 after buying an additional 76,839 shares during the last quarter. Principal Financial Group Inc. raised its holdings 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 worth $78,611,000 after buying an additional 528,974 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Smartstop Self Storage REIT by 78.6% in the first quarter. Swiss National Bank now owns 109,500 shares of the healthcare company’s stock worth $3,316,000 after buying an additional 48,200 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Wells Fargo & Company boosted their price target on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Raymond James Financial began coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price target for the company. BMO Capital Markets downgraded Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 target price on the stock. in a report on Thursday, August 27th. Finally, National Bank Financial increased their target price on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.86.

About Smartstop Self Storage REIT

SmartStop Self Storage REIT, Inc is a self-managed and fully integrated real estate investment trust focused on the ownership, operation, acquisition and development of self-storage properties. The company provides storage solutions for residential, commercial and vehicle-storage customers through facilities operating primarily under the SmartStop Self Storage brand.

SmartStop’s properties offer a range of unit sizes and features, including climate-controlled storage, drive-up access, month-to-month rental options, online leasing and payment services, and protection plans.