Insider Selling: Smartstop Self Storage REIT (NYSE:SMA) General Counsel Sells $35,219.00 in Stock

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

Smartstop Self Storage REIT Stock Performance

Smartstop Self Storage REIT stock opened at $34.48 on Friday. The firm has a market capitalization of $1.91 billion, a P/E ratio of 67.61 and a beta of 0.50. The stock has a fifty day moving average price of $33.54 and a two-hundred day moving average price of $32.43. Smartstop Self Storage REIT Inc has a 52-week low of $29.41 and a 52-week high of $39.77. 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 issued its 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, analysts anticipate that Smartstop Self Storage REIT Inc will post 2 EPS for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.1359 dividend. This represents a c) dividend on an annualized basis and a yield of 4.7%. This is a boost from Smartstop Self Storage REIT’s previous monthly dividend of $0.14. The ex-dividend date is Monday, August 31st. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is presently 319.61%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SMA. Robert W. Baird lifted their target price on shares of 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 research report on Friday, May 8th. Weiss Ratings raised Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. National Bank Financial raised their price target on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a report on Tuesday. Finally, Raymond James Financial assumed coverage on Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.47.

Institutional Investors Weigh In On Smartstop Self Storage REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV bought a new stake in shares of Smartstop Self Storage REIT during the fourth quarter valued at approximately $25,000. Beacon Capital Management Inc. bought a new position in Smartstop Self Storage REIT in the 4th quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Smartstop Self Storage REIT in the 4th quarter worth approximately $27,000. Raymond James Financial Inc. acquired a new position in Smartstop Self Storage REIT during the 2nd quarter worth $35,000. Finally, Anchor Investment Management LLC acquired a new position in Smartstop Self Storage REIT during the 4th quarter worth $31,000.

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.