Smartstop Self Storage REIT (NYSE:SMA) General Counsel Nicholas Look Sells 1,025 Shares

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 stock was sold at an average price of $34.36, for a total transaction of $35,219.00. Following the completion of the sale, the general counsel owned 588 shares of the company’s stock, valued at $20,203.68. This represents a 63.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Smartstop Self Storage REIT Price Performance

NYSE SMA opened at $34.26 on Wednesday. Smartstop Self Storage REIT Inc has a fifty-two week low of $29.41 and a fifty-two week high of $39.77. The stock’s 50-day moving average is $33.47 and its two-hundred day moving average is $32.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.28 and a quick ratio of 5.28. The firm has a market cap of $1.90 billion, a P/E ratio of 67.18 and a beta of 0.50.

Smartstop Self Storage REIT (NYSE:SMA) last announced its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29). The company had revenue of $79.28 million during the quarter. Smartstop Self Storage REIT had a return on equity of 2.33% and a net margin of 9.68%.Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. On average, analysts anticipate that Smartstop Self Storage REIT Inc will post 2 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.1359 dividend. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.14. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a yield of 4.8%. Smartstop Self Storage REIT’s dividend payout ratio is presently 319.61%.

Institutional Trading of Smartstop Self Storage REIT

A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in Smartstop Self Storage REIT in the 2nd quarter worth $3,155,000. New York State Common Retirement Fund bought a new stake in shares of Smartstop Self Storage REIT in the second quarter valued at about $326,000. Quantbot Technologies LP acquired a new stake in Smartstop Self Storage REIT during the second quarter worth about $377,000. Invesco Ltd. acquired a new stake in Smartstop Self Storage REIT during the second quarter worth about $602,000. Finally, Marshall Wace LLP acquired a new stake in Smartstop Self Storage REIT during the second quarter worth about $830,000.

Key Smartstop Self Storage REIT News

Here are the key news stories impacting Smartstop Self Storage REIT this week:

• Positive Sentiment: National Bank Financial raised its price target for SmartStop Self Storage REIT to $39.25 from $38.50 and maintained an “outperform” rating, implying meaningful potential upside from recent trading levels. National Bank Financial price target update
• Positive Sentiment: Brokerages’ consensus target price was reported at $36.38, suggesting analysts see additional appreciation potential for SMA. The target supports the positive analyst sentiment surrounding the stock. SmartStop consensus price target
• Neutral Sentiment: SmartStop completed a CAD $200 million Canadian Maple bond offering through senior unsecured notes. The financing diversifies the company’s funding sources and provides capital for general corporate purposes, but it also adds debt and interest-rate and currency exposure. SmartStop Canadian Maple bond offering SmartStop senior unsecured notes offering
• Negative Sentiment: Director David J. Mueller sold 425 shares, reducing his holdings by 8.39%. However, the sale was executed under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal than discretionary insider selling. David J. Mueller stock sale
• Negative Sentiment: General Counsel Nicholas Look sold 1,025 shares worth approximately $35,219, reducing his direct ownership by 63.55%. The sizable percentage reduction may weigh on sentiment, though the transaction alone does not indicate a change in company fundamentals. Nicholas Look SEC stock-sale filing

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SMA. Weiss Ratings raised shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. National Bank Financial upped their price objective on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Research upgraded shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Robert W. Baird lifted their target price on shares of Smartstop Self Storage REIT from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, Wells Fargo & Company reissued a “neutral” rating on shares of Smartstop Self Storage REIT in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.47.

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.