Insider Selling: Smartstop Self Storage REIT (NYSE:SMA) Director Sells 425 Shares of Stock

Smartstop Self Storage REIT Inc (NYSE:SMA) Director David Mueller sold 425 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $29.67, for a total transaction of $12,609.75. Following the completion of the sale, the director owned 5,915 shares of the company’s stock, valued at $175,498.05. The trade was a 6.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Smartstop Self Storage REIT Trading Down 0.9%

NYSE:SMA traded down $0.28 during trading hours on Tuesday, hitting $29.65. 434,144 shares of the stock were exchanged, compared to its average volume of 840,782. The company’s 50 day moving average is $31.55 and its two-hundred day moving average is $32.22. Smartstop Self Storage REIT Inc has a twelve month low of $29.41 and a twelve month high of $39.77. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $1.64 billion and a P/E ratio of 197.63.

Smartstop Self Storage REIT (NYSE:SMA) last posted its quarterly earnings data on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Smartstop Self Storage REIT had a return on equity of 1.00% and a net margin of 4.38%.The firm had revenue of $78.31 million for the quarter, compared to the consensus estimate of $72.56 million. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. On average, sell-side analysts anticipate that Smartstop Self Storage REIT Inc will post 2.02 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.1359 dividend. The ex-dividend date is Friday, May 29th. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a yield of 5.5%. Smartstop Self Storage REIT’s dividend payout ratio is 1,053.33%.

Institutional Investors Weigh In On Smartstop Self Storage REIT

Hedge funds have recently modified their holdings of the business. Rossby Financial LCC boosted its holdings in shares of Smartstop Self Storage REIT by 7.4% in the fourth quarter. Rossby Financial LCC now owns 7,186 shares of the healthcare company’s stock valued at $222,000 after buying an additional 497 shares during the period. Arax Advisory Partners boosted its holdings in shares of Smartstop Self Storage REIT by 80.1% in the fourth quarter. Arax Advisory Partners now owns 1,439 shares of the healthcare company’s stock valued at $45,000 after buying an additional 640 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Smartstop Self Storage REIT by 3.5% in the fourth quarter. MetLife Investment Management LLC now owns 19,944 shares of the healthcare company’s stock valued at $617,000 after buying an additional 671 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Smartstop Self Storage REIT in the third quarter valued at approximately $26,000. Finally, Assetmark Inc. boosted its holdings in shares of Smartstop Self Storage REIT by 68.0% in the first quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock valued at $52,000 after buying an additional 690 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating on the stock in a report on Monday, March 23rd. Truist Financial cut their price objective on shares of Smartstop Self Storage REIT from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Robert W. Baird decreased their price objective on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Wells Fargo & Company cut their price target on shares of Smartstop Self Storage REIT from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Finally, Scotiabank upgraded shares of Smartstop Self Storage REIT to a “strong-buy” rating in a research report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Smartstop Self Storage REIT currently has a consensus rating of “Moderate Buy” and an average price target of $36.94.

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.