Smartstop Self Storage REIT Inc (NYSE:SMA) Raises Dividend to $0.14 Per Share

Smartstop Self Storage REIT Inc (NYSE:SMA) declared a monthly dividend on Tuesday, August 4th. Investors of record on Monday, August 31st will be given a dividend of 0.1359 per share by the healthcare company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Monday, August 31st. This is a 0.0% increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.14.

Smartstop Self Storage REIT Stock Up 2.8%

Shares of SMA stock traded up $0.93 during mid-day trading on Thursday, hitting $34.78. The stock had a trading volume of 546,347 shares, compared to its average volume of 798,961. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.33 and a quick ratio of 5.33. Smartstop Self Storage REIT has a 12-month low of $29.41 and a 12-month high of $39.77. The firm’s 50-day moving average is $32.94 and its two-hundred day moving average is $32.28. The firm has a market capitalization of $1.93 billion, a P/E ratio of 231.47 and a beta of 0.50.

Smartstop Self Storage REIT (NYSE:SMA) last announced its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. Smartstop Self Storage REIT had a return on equity of 1.00% and a net margin of 4.38%.The business had revenue of $78.31 million for the quarter, compared to analysts’ expectations of $72.56 million. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, analysts predict that Smartstop Self Storage REIT will post 2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Smartstop Self Storage REIT

Several hedge funds and other institutional investors have recently bought and sold shares of SMA. Principal Financial Group Inc. boosted its position in shares of Smartstop Self Storage REIT by 10,361.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,067,159 shares of the healthcare company’s stock worth $63,958,000 after buying an additional 2,047,400 shares during the period. Vanguard Group Inc. lifted its position in Smartstop Self Storage REIT by 122.2% during the 4th quarter. Vanguard Group Inc. now owns 3,576,922 shares of the healthcare company’s stock worth $110,670,000 after acquiring an additional 1,967,321 shares in the last quarter. Conversant Capital LLC purchased a new position in Smartstop Self Storage REIT in the 2nd quarter worth approximately $36,098,000. Price T Rowe Associates Inc. MD boosted its holdings in Smartstop Self Storage REIT by 13.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,913,679 shares of the healthcare company’s stock worth $182,972,000 after acquiring an additional 710,871 shares during the period. Finally, Rush Island Management LP acquired a new stake in Smartstop Self Storage REIT in the fourth quarter valued at approximately $15,644,000.

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.