Smartstop Self Storage REIT (NYSE:SMA) Stock Breaks Above 200-Day Moving Average – Should You Sell?

Smartstop Self Storage REIT Inc (NYSE:SMA) shares passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $32.42 and traded as high as $33.12. Smartstop Self Storage REIT shares last traded at $32.87, with a volume of 383,995 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SMA shares. National Bank Financial boosted 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 reissued a “hold” rating and set a $33.00 target price (down from $36.00) on shares of Smartstop Self Storage REIT in a research note on Thursday, October 1st. Wells Fargo & Company increased their price target on Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. JPMorgan Chase & Co. raised their target price on shares of Smartstop Self Storage REIT from $33.00 to $34.00 and gave the stock an “underweight” rating in a research note on Monday, September 21st. Finally, Robert W. Baird dropped 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 research report on Friday, October 2nd. Two research 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 issued a Sell rating to the stock. Based on 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 Stock Performance

The stock has a fifty day simple moving average of $33.02 and a two-hundred day simple moving average of $32.42. The firm has a market capitalization of $1.82 billion, a P/E ratio of 64.45 and a beta of 0.48. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.28 and a quick ratio of 5.28.

Smartstop Self Storage REIT (NYSE:SMA) last announced its quarterly earnings data on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share 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 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. On average, research analysts predict that Smartstop Self Storage REIT Inc will post 2.02 EPS for the current year.

Smartstop Self Storage REIT Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a $0.1359 dividend. This is a boost 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 yield of 5.0%. Smartstop Self Storage REIT’s dividend payout ratio is currently 309.80%.

Insider Buying and Selling

In other Smartstop Self Storage REIT news, General Counsel Nicholas Look sold 1,025 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $34.36, for a total value of $35,219.00. Following the transaction, the general counsel directly owned 588 shares in the company, valued at $20,203.68. The trade was a 63.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,875 shares of company stock valued at $63,163 over the last 90 days. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Smartstop Self Storage REIT

Several institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its position in shares of Smartstop Self Storage REIT by 25.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock valued at $78,611,000 after purchasing an additional 528,974 shares in the last quarter. Irenic Capital Management LP purchased a new stake in Smartstop Self Storage REIT during the 2nd quarter valued at about $28,490,000. Conversant Capital LLC purchased a new stake in Smartstop Self Storage REIT during the 1st quarter valued at $25,972,000. Independent Financial Group LLC bought a new position in Smartstop Self Storage REIT during the 1st quarter valued at approximately $10,689,000. Finally, Bank of New York Mellon Corp increased its position in Smartstop Self Storage REIT by 33.6% during the 1st quarter. Bank of New York Mellon Corp now owns 231,115 shares of the healthcare company’s stock valued at $6,998,000 after purchasing an additional 58,169 shares during the period.

About Smartstop Self Storage REIT

SmartStop Self Storage REIT, Inc (NYSE:SMA) is a real estate investment trust focused on the ownership, operation and management of self-storage facilities. The company provides storage space for residential, commercial and other customers, with offerings that may include traditional storage units, climate-controlled units, vehicle storage and related tenant services.

SmartStop operates under the SmartStop Self Storage brand and serves customers across the United States and Canada. Its facilities generally provide online reservations and payments, electronic access, moving and packing supplies, and other convenience-oriented services.