David Mueller Sells 425 Shares of Smartstop Self Storage REIT (NYSE:SMA) Stock

by · The Markets Daily

Smartstop Self Storage REIT Inc (NYSE:SMA – Get Free Report) Director David Mueller sold 425 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $32.44, for a total value of $13,787.00. Following the sale, the director owned 5,490 shares of the company’s stock, valued at approximately $178,095.60. This represents a 7.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Smartstop Self Storage REIT Price Performance

Shares of SMA opened at $32.65 on Friday. The business’s fifty day moving average is $31.64 and its 200 day moving average is $31.92. 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 stock has a market cap of $1.81 billion, a P/E ratio of 217.68 and a beta of 0.68.

Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The business had revenue of $78.31 million during the quarter, compared to analyst estimates of $72.56 million. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. Sell-side analysts anticipate that Smartstop Self Storage REIT Inc will post 2.02 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.1315 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Tuesday, June 30th. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is currently 1,086.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Robert W. Baird cut their price target on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Stifel Nicolaus decreased their price objective on Smartstop Self Storage REIT from $39.50 to $38.50 and set a “buy” rating for the company in a report on Thursday, February 26th. Scotiabank raised Smartstop Self Storage REIT to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.81.

Read Our Latest Stock Report on SMA

Institutional Trading of Smartstop Self Storage REIT

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in shares of Smartstop Self Storage REIT during the second quarter valued at about $3,155,000. New York State Common Retirement Fund purchased a new position in Smartstop Self Storage REIT during the second quarter worth about $326,000. Quantbot Technologies LP bought a new stake in Smartstop Self Storage REIT in the 2nd quarter worth about $377,000. Invesco Ltd. bought a new stake in Smartstop Self Storage REIT in the 2nd quarter worth about $602,000. Finally, Marshall Wace LLP purchased a new stake in Smartstop Self Storage REIT in the 2nd quarter valued at about $830,000.

Smartstop Self Storage REIT Company Profile

(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