Smartstop Self Storage REIT Inc (NYSE:SMA) Shareholders to Receive $0.13 Monthly Dividend

Key Points

• Smartstop Self Storage REIT declared a monthly dividend of $0.1315 per share, payable December 15 to shareholders of record November 30. The annualized dividend is $1.58, a 4.3% yield, and is 3.2% lower than the prior monthly payout.
• The company reported quarterly EPS of $0.20, missing analyst expectations of $0.49; quarterly revenue was $79.28 million.
• Shares opened at $36.71, near the stock’s 52-week high of $37.52. The REIT owns and operates self-storage properties in the U.S. and Canada.

Smartstop Self Storage REIT Inc (NYSE:SMA - Get Free Report) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Monday, November 30th will be given a dividend of $0.1315 per share by the healthcare company on Tuesday, December 15th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, November 30th. This is a 3.2% decrease from Smartstop Self Storage REIT's previous monthly dividend of $0.1359.

Smartstop Self Storage REIT Stock Performance

Shares of NYSE:SMA opened at $36.71 on Wednesday. The stock has a market capitalization of $2.03 billion, a P/E ratio of 18.62 and a beta of 0.27. Smartstop Self Storage REIT has a 1-year low of $29.41 and a 1-year high of $37.52. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $33.30 and a two-hundred day moving average price of $32.66.

Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) last issued its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (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 business had revenue of $79.28 million during the quarter. Equities analysts predict that Smartstop Self Storage REIT will post 2.02 earnings per share for the current year.

About Smartstop Self Storage REIT

SmartStop Self Storage REIT, Inc NYSE: SMA is a self-managed real estate investment trust focused on owning, operating and acquiring self-storage properties. Its facilities provide individuals and businesses with storage units in a range of sizes, along with related services such as online reservations, electronic access and tenant protection offerings.

The company serves customers primarily in the United States and also has exposure to the Canadian self-storage market. Its portfolio includes conventional self-storage facilities and properties offering vehicle, commercial and other specialized storage options.

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