Nicholas Look Sells 1,025 Shares of Smartstop Self Storage REIT (NYSE:SMA) Stock

Smartstop Self Storage REIT Inc (NYSE:SMA) General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $34.36, for a total transaction of $35,219.00. Following the sale, the general counsel directly owned 588 shares of the company’s stock, valued at $20,203.68. This represents a 63.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Smartstop Self Storage REIT Trading Up 0.5%

Shares of SMA traded up $0.16 during midday trading on Tuesday, hitting $34.26. The stock had a trading volume of 778,138 shares, compared to its average volume of 789,686. The business has a 50-day simple moving average of $33.44 and a two-hundred day simple moving average of $32.36. The firm has a market cap of $1.90 billion, a P/E ratio of 67.18 and a beta of 0.50. 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 Inc has a fifty-two week low of $29.41 and a fifty-two week high of $39.77.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly 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 firm 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. As a group, equities analysts forecast that Smartstop Self Storage REIT Inc will post 2 EPS for the current year.

Smartstop Self Storage REIT Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.1359 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, August 31st. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.14. Smartstop Self Storage REIT’s dividend payout ratio is presently 319.61%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SMA. Wells Fargo & Company reissued a “neutral” rating on shares of Smartstop Self Storage REIT in a research note on Friday, July 24th. National Bank Financial raised 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. Robert W. Baird lifted their price target on Smartstop Self Storage REIT from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Raymond James Financial initiated coverage on Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price target on the stock. Finally, Zacks Research raised Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Smartstop Self Storage REIT presently has a consensus rating of “Moderate Buy” and an average target price of $36.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMA. Principal Financial Group Inc. boosted its stake in shares of Smartstop Self Storage REIT by 10,361.9% during the 4th quarter. Principal Financial Group Inc. now owns 2,067,159 shares of the healthcare company’s stock valued at $63,958,000 after buying an additional 2,047,400 shares during the period. Merit Financial Group LLC acquired a new position in shares of Smartstop Self Storage REIT in the fourth quarter worth $3,558,000. Quantinno Capital Management LP increased its stake in shares of 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 acquiring an additional 76,839 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Smartstop Self Storage REIT by 76.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 76,778 shares of the healthcare company’s stock valued at $2,399,000 after acquiring an additional 33,158 shares during the last quarter. Finally, Swiss National Bank grew its position in 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 acquiring an additional 48,200 shares in the last quarter.

Smartstop Self Storage REIT Company Profile

Symmetry Medical Inc (Symmetry) is a medical device solutions company, including surgical instruments, orthopedic implants, and sterilization cases and trays. The Company designs, develops and offers worldwide production and supply chain capabilities for these products to customers in the orthopedic industry, and other medical device markets (including but not limited to arthroscopy, dental, laparoscopy, osteobiologic, and endoscopy segments). It also manufactures specialized non-healthcare products, primarily in the aerospace industry.