Smartstop Self Storage REIT (NYSE:SMA) Director David Mueller Sells 425 Shares

Smartstop Self Storage REIT Inc (NYSE:SMA) Director David Mueller sold 425 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $32.05, for a total transaction of $13,621.25. Following the completion of the sale, the director directly owned 4,215 shares in the company, valued at approximately $135,090.75. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Smartstop Self Storage REIT Stock Performance

Shares of SMA stock opened at $32.66 on Friday. The firm’s 50 day moving average is $33.58 and its 200 day moving average is $32.43. The stock has a market capitalization of $1.81 billion, a P/E ratio of 64.04 and a beta of 0.49. Smartstop Self Storage REIT Inc has a 12 month low of $29.41 and a 12 month high of $38.99. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.89.

Smartstop Self Storage REIT (NYSE:SMA) last issued its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (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 anticipate that Smartstop Self Storage REIT Inc will post 2.02 earnings per share for the current year.

Smartstop Self Storage REIT Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.1315 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, September 30th. Smartstop Self Storage REIT’s payout ratio is presently 307.84%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Robert W. Baird upped their price target on Smartstop Self Storage REIT from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. BMO Capital Markets downgraded shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price target on the stock. in a report on Thursday, August 27th. Raymond James Financial assumed coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price objective for the company. Finally, National Bank Financial increased their target price on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Smartstop Self Storage REIT has an average rating of “Moderate Buy” and an average price target of $36.86.

Hedge Funds Weigh In On Smartstop Self Storage REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Irenic Capital Management LP bought a new position in Smartstop Self Storage REIT in the second quarter valued at $28,490,000. Conversant Capital LLC bought a new stake in Smartstop Self Storage REIT during the first quarter worth about $25,972,000. Principal Financial Group Inc. boosted its holdings in shares of Smartstop Self Storage REIT by 25.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock worth $78,611,000 after purchasing an additional 528,974 shares in the last quarter. Independent Financial Group LLC purchased a new position in shares of Smartstop Self Storage REIT in the 1st quarter worth about $10,689,000. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in shares of Smartstop Self Storage REIT by 57.9% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 371,785 shares of the healthcare company’s stock valued at $11,503,000 after purchasing an additional 136,382 shares during the last quarter.

Smartstop Self Storage REIT Company Profile

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.