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 stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $33.70, for a total transaction of $14,322.50. Following the transaction, the director owned 4,640 shares in the company, valued at approximately $156,368. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Smartstop Self Storage REIT Price Performance

SMA opened at $34.26 on Wednesday. Smartstop Self Storage REIT Inc has a 1 year low of $29.41 and a 1 year high of $39.77. The company’s 50 day simple moving average is $33.47 and its 200 day simple moving average is $32.38. The stock has a market capitalization of $1.90 billion, a PE ratio of 67.18 and a beta of 0.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.28 and a current ratio of 5.28.

Smartstop Self Storage REIT (NYSE:SMA) last issued 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). The company had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT had a return on equity of 2.33% and a net margin of 9.68%.Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. As a group, sell-side analysts expect that Smartstop Self Storage REIT Inc will post 2 EPS for the current year.

Smartstop Self Storage REIT Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SMA shares. National Bank Financial upped their price target on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a research note on Tuesday. Robert W. Baird lifted their price objective on Smartstop Self Storage REIT from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Finally, Wells Fargo & Company reissued a “neutral” rating on shares of Smartstop Self Storage REIT in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.47.

More Smartstop Self Storage REIT News

Here are the key news stories impacting Smartstop Self Storage REIT this week:

• Positive Sentiment: National Bank Financial raised its price target for SmartStop Self Storage REIT to $39.25 from $38.50 and maintained an “outperform” rating, implying meaningful potential upside from recent trading levels. National Bank Financial price target update
• Positive Sentiment: Brokerages’ consensus target price was reported at $36.38, suggesting analysts see additional appreciation potential for SMA. The target supports the positive analyst sentiment surrounding the stock. SmartStop consensus price target
• Neutral Sentiment: SmartStop completed a CAD $200 million Canadian Maple bond offering through senior unsecured notes. The financing diversifies the company’s funding sources and provides capital for general corporate purposes, but it also adds debt and interest-rate and currency exposure. SmartStop Canadian Maple bond offering SmartStop senior unsecured notes offering
• Negative Sentiment: Director David J. Mueller sold 425 shares, reducing his holdings by 8.39%. However, the sale was executed under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal than discretionary insider selling. David J. Mueller stock sale
• Negative Sentiment: General Counsel Nicholas Look sold 1,025 shares worth approximately $35,219, reducing his direct ownership by 63.55%. The sizable percentage reduction may weigh on sentiment, though the transaction alone does not indicate a change in company fundamentals. Nicholas Look SEC stock-sale filing

Institutional Trading of Smartstop Self Storage REIT

A number of institutional investors have recently added to or reduced their stakes in SMA. Public Employees Retirement System of Ohio purchased a new position in Smartstop Self Storage REIT in the second quarter valued at about $2,049,000. Capital Square LLC purchased a new stake in shares of Smartstop Self Storage REIT in the second quarter worth about $408,000. Compass Financial Management LLC acquired a new stake in shares of Smartstop Self Storage REIT in the second quarter valued at about $38,000. Rockland Trust Co. acquired a new stake in shares of Smartstop Self Storage REIT in the second quarter valued at about $208,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Smartstop Self Storage REIT during the 1st quarter valued at about $153,000.

About Smartstop Self Storage REIT

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.