Key Points
- Director David Mueller sold 425 shares of Smartstop Self Storage REIT on May 18 at an average price of $29.67, totaling about $12,610. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The company reported better-than-expected quarterly results, with EPS of $0.49 versus the $0.48 estimate and revenue of $78.31 million, up 19.7% year over year. It also issued FY 2026 guidance of $1.94 to $2.04 EPS.
- Smartstop Self Storage REIT increased its monthly dividend to $0.1359 per share, implying a 5.5% annualized yield. Analysts currently hold a Moderate Buy consensus with an average price target of $36.94.
Smartstop Self Storage REIT Inc (NYSE:SMA - Get Free Report) Director David Mueller sold 425 shares of the company's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $29.67, for a total transaction of $12,609.75. Following the sale, the director owned 5,915 shares of the company's stock, valued at $175,498.05. This represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Smartstop Self Storage REIT Price Performance
Shares of Smartstop Self Storage REIT stock opened at $29.65 on Wednesday. The firm has a market cap of $1.64 billion and a PE ratio of 197.63. Smartstop Self Storage REIT Inc has a 12-month low of $29.41 and a 12-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's fifty day simple moving average is $31.49 and its two-hundred day simple moving average is $32.16.
Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $78.31 million during the quarter, compared to the consensus estimate of $72.56 million. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The firm's revenue for the quarter 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. As a group, equities analysts expect 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 declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.1359 per share. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from Smartstop Self Storage REIT's previous monthly dividend of $0.13. Smartstop Self Storage REIT's dividend payout ratio is currently 1,053.33%.
Analyst Upgrades and Downgrades
SMA has been the topic of a number of recent analyst reports. Truist Financial cut their price objective on Smartstop Self Storage REIT from $39.00 to $38.00 and set a "buy" rating on the stock in a research report on Tuesday, January 20th. Scotiabank upgraded Smartstop Self Storage REIT to a "strong-buy" rating in a report on Thursday, March 19th. JPMorgan Chase & Co. dropped their price target on Smartstop Self Storage REIT from $35.00 to $32.00 and set an "underweight" rating for the company in a research note on Monday, March 23rd. Robert W. Baird reduced their price objective on shares of Smartstop Self Storage REIT from $37.00 to $36.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Smartstop Self Storage REIT from $33.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.94.
Read Our Latest Analysis on Smartstop Self Storage REIT
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SMA. Rossby Financial LCC raised its position in shares of Smartstop Self Storage REIT by 7.4% in the 4th quarter. Rossby Financial LCC now owns 7,186 shares of the healthcare company's stock worth $222,000 after acquiring an additional 497 shares in the last quarter. Arax Advisory Partners lifted its stake in shares of Smartstop Self Storage REIT by 80.1% in the 4th quarter. Arax Advisory Partners now owns 1,439 shares of the healthcare company's stock valued at $45,000 after purchasing an additional 640 shares during the period. MetLife Investment Management LLC boosted its position in shares of Smartstop Self Storage REIT by 3.5% during the fourth quarter. MetLife Investment Management LLC now owns 19,944 shares of the healthcare company's stock valued at $617,000 after purchasing an additional 671 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Smartstop Self Storage REIT in the third quarter worth $26,000. Finally, Assetmark Inc. grew its stake in Smartstop Self Storage REIT by 68.0% in the first quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company's stock worth $52,000 after purchasing an additional 690 shares during the period.
About Smartstop Self Storage REIT
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
