Smartstop Self Storage REIT Inc (NYSE:SMA) Announces Monthly Dividend of $0.14

Smartstop Self Storage REIT Inc (NYSE:SMA) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, October 30th will be paid a dividend of $0.1359 per share by the healthcare company on Friday, November 13th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, October 30th. This is a 3.3% increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315.

Smartstop Self Storage REIT Price Performance

Shares of Smartstop Self Storage REIT stock traded up $0.20 on Friday, hitting $32.44. 66,085 shares of the company traded hands, compared to its average volume of 783,190. Smartstop Self Storage REIT has a 12-month low of $29.41 and a 12-month high of $38.69. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.89. The company has a market cap of $1.80 billion, a P/E ratio of 63.43 and a beta of 0.48. The firm’s 50-day simple moving average is $33.24 and its 200 day simple moving average is $32.40.

Smartstop Self Storage REIT (NYSE:SMA) last released its 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). Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. The firm had revenue of $79.28 million during the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. Analysts expect that Smartstop Self Storage REIT will post 2.02 earnings per share for the current fiscal year.

Insider Activity

In related 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 value of $35,219.00. Following the transaction, the general counsel directly owned 588 shares of the company’s stock, valued at $20,203.68. The trade was a 63.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 1,875 shares of company stock valued at $63,163 in the last quarter. 5.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Smartstop Self Storage REIT

Hedge funds and other institutional investors have recently modified their holdings of the company. Anchor Investment Management LLC purchased a new position in Smartstop Self Storage REIT during the 4th quarter valued at about $31,000. Strategic Advocates LLC bought a new position in shares of Smartstop Self Storage REIT during the fourth quarter valued at approximately $33,000. Compass Financial Management LLC bought a new position in shares of Smartstop Self Storage REIT during the second quarter valued at approximately $38,000. KBC Group NV purchased a new stake in Smartstop Self Storage REIT in the first quarter worth $49,000. Finally, Assetmark Inc. increased its position in Smartstop Self Storage REIT by 68.0% during the 1st quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock valued at $52,000 after purchasing an additional 690 shares during the period.

Smartstop Self Storage REIT Company Profile

SmartStop Self Storage REIT, Inc (NYSE:SMA) is a real estate investment trust focused on the ownership, operation and management of self-storage facilities. The company provides storage space for residential, commercial and other customers, with offerings that may include traditional storage units, climate-controlled units, vehicle storage and related tenant services.

SmartStop operates under the SmartStop Self Storage brand and serves customers across the United States and Canada. Its facilities generally provide online reservations and payments, electronic access, moving and packing supplies, and other convenience-oriented services.