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

Smartstop Self Storage REIT Inc (NYSE:SMA) Director David Mueller sold 425 shares of the company’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $33.98, for a total value of $14,441.50. Following the completion of the sale, the director owned 3,790 shares in the company, valued at $128,784.20. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Smartstop Self Storage REIT Stock Performance

Smartstop Self Storage REIT stock opened at $34.65 on Wednesday. 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 fifty day moving average price of $32.95 and a two-hundred day moving average price of $32.60. Smartstop Self Storage REIT Inc has a 52-week low of $29.41 and a 52-week high of $38.69. The firm has a market capitalization of $1.92 billion, a P/E ratio of 67.94 and a beta of 0.48.

Smartstop Self Storage REIT (NYSE:SMA) last issued its quarterly earnings data 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). Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. The company had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. As a group, 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 announced a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given 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 is Friday, October 30th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 4.7%. Smartstop Self Storage REIT’s dividend payout ratio is 309.80%.

Hedge Funds Weigh In On Smartstop Self Storage REIT

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue increased its position in Smartstop Self Storage REIT by 4.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 44,082 shares of the healthcare company’s stock valued at $1,417,000 after acquiring an additional 1,941 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Smartstop Self Storage REIT by 489.3% in the third quarter. Versant Capital Management Inc now owns 2,599 shares of the healthcare company’s stock worth $84,000 after acquiring an additional 2,158 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of Smartstop Self Storage REIT by 23.9% in the second quarter. Engineers Gate Manager LP now owns 29,430 shares of the healthcare company’s stock worth $956,000 after acquiring an additional 5,680 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Smartstop Self Storage REIT during the second quarter worth approximately $82,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Smartstop Self Storage REIT during the second quarter worth approximately $550,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SMA. National Bank Financial lifted their price target on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a report on Tuesday, August 18th. Truist Financial reaffirmed a “hold” rating and set a $33.00 price objective (down from $36.00) on shares of Smartstop Self Storage REIT in a research note on Thursday, October 1st. BMO Capital Markets cut shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, August 27th. Robert W. Baird dropped their price objective on shares of Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Friday, October 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Smartstop Self Storage REIT currently has a consensus rating of “Moderate Buy” and an average target price of $36.42.

Smartstop Self Storage REIT Company 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.