18,500 Shares of Smartstop Self Storage REIT Inc $SMA Bought by MBL Wealth LLC

MBL Wealth LLC acquired a new stake in Smartstop Self Storage REIT Inc (NYSE:SMA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,500 shares of the healthcare company’s stock, valued at approximately $596,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in shares of 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 acquired a new stake in Smartstop Self Storage REIT during the second quarter worth approximately $28,490,000. Conversant Capital LLC acquired a new stake in Smartstop Self Storage REIT during the first quarter worth approximately $25,972,000. Independent Financial Group LLC bought a new position in Smartstop Self Storage REIT during the 1st quarter worth $10,689,000. Finally, Bank of New York Mellon Corp increased its stake in Smartstop Self Storage REIT by 33.6% during the 1st quarter. Bank of New York Mellon Corp now owns 231,115 shares of the healthcare company’s stock worth $6,998,000 after acquiring an additional 58,169 shares during the period.

Smartstop Self Storage REIT Price Performance

NYSE:SMA traded up $0.19 during mid-day trading on Friday, reaching $35.63. The stock had a trading volume of 695,198 shares, compared to its average volume of 739,330. Smartstop Self Storage REIT Inc has a 12 month low of $29.41 and a 12 month high of $38.69. The stock has a market capitalization of $1.97 billion, a PE ratio of 69.86 and a beta of 0.48. 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 stock has a 50-day simple moving average of $33.02 and a two-hundred day simple moving average of $32.68.

Smartstop Self Storage REIT (NYSE:SMA) last released its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.29). The business had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT had a return on equity of 2.33% and a net margin of 9.68%. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. On average, equities analysts anticipate that Smartstop Self Storage REIT Inc will post 2.02 earnings per share for the current 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 issued a dividend of $0.1359 per share. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 4.6%. Smartstop Self Storage REIT’s payout ratio is presently 309.80%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SMA. National Bank Financial lifted their price objective on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a report on Tuesday, August 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Smartstop Self Storage REIT in a report on Wednesday, October 14th. Robert W. Baird reduced their target price on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, October 2nd. Wells Fargo & Company raised their price target on Smartstop Self Storage REIT from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. boosted 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. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.42.

Insider Activity at Smartstop Self Storage REIT

In related news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $34.36, for a total transaction of $35,219.00. Following the completion of the sale, the general counsel directly owned 588 shares in the company, valued at $20,203.68. This represents a 63.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 2,300 shares of company stock worth $77,604. 5.70% of the stock is currently owned by insiders.

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.