Prime Capital Investment Advisors LLC Sells 61,760 Shares of Smartstop Self Storage REIT Inc $SMA

Prime Capital Investment Advisors LLC lessened its holdings in shares of Smartstop Self Storage REIT Inc (NYSE:SMA) by 50.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 60,612 shares of the healthcare company’s stock after selling 61,760 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Smartstop Self Storage REIT were worth $1,952,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in 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 worth $1,417,000 after buying an additional 1,941 shares during the period. Versant Capital Management Inc boosted its position 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 valued at $84,000 after acquiring an additional 2,158 shares during the period. Engineers Gate Manager LP boosted its position 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 valued at $956,000 after acquiring an additional 5,680 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Smartstop Self Storage REIT in the second quarter worth $82,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Smartstop Self Storage REIT in the second quarter worth $550,000.

Insider Activity

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 value of $35,219.00. Following the completion of the transaction, the general counsel directly owned 588 shares in the company, valued at approximately $20,203.68. This represents a 63.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 2,300 shares of company stock worth $77,604 in the last quarter. Insiders own 5.70% of the company’s stock.

Smartstop Self Storage REIT Trading Up 2.8%

Shares of SMA opened at $35.41 on Friday. Smartstop Self Storage REIT Inc has a 12-month low of $29.41 and a 12-month high of $38.69. The company has a quick ratio of 5.28, a current ratio of 5.28 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 17.22 and a beta of 0.48. The stock’s 50-day moving average price is $32.99 and its 200 day moving average price is $32.66.

Smartstop Self Storage REIT (NYSE:SMA) last posted its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $79.28 million during the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. As a group, research analysts predict that Smartstop Self Storage REIT Inc will post 2.02 earnings per share for the current year.

Smartstop Self Storage REIT Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.1359 per share. This is a boost from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315. This represents a $1.63 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, October 30th. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is presently 309.80%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SMA. Truist Financial reaffirmed a “hold” rating and set a $33.00 target price (down from $36.00) on shares of Smartstop Self Storage REIT in a research report on Thursday, October 1st. Raymond James Financial initiated 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 target price for the company. Robert W. Baird reduced their price target 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. National Bank Financial raised their price target on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a research report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Smartstop Self Storage REIT from $33.00 to $34.00 and gave the stock an “underweight” rating in a research report on Monday, September 21st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Smartstop Self Storage REIT presently has an average rating of “Moderate Buy” and an average target price of $36.42.

About Smartstop Self Storage REIT

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.