Irenic Capital Management LP Takes Position in Smartstop Self Storage REIT Inc $SMA

Key Points

• Irenic Capital Management acquired 876,608 SmartStop Self Storage REIT shares worth approximately $28.5 million, representing about 1.58% of the company and 1.4% of the fund’s portfolio.
• SmartStop reported quarterly EPS of $0.20, missing the $0.49 analyst consensus, while generating $79.28 million in revenue. The company guided to fiscal 2026 EPS of $1.98–$2.04.
• The stock opened at $32.61, below the analyst consensus price target of $36.86 and carrying a “Moderate Buy” rating. The company declared a monthly dividend of $0.1315, implying a 4.8% yield, though its payout ratio is elevated at 307.84%.

Irenic Capital Management LP bought a new stake in shares of Smartstop Self Storage REIT Inc (NYSE:SMA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 876,608 shares of the healthcare company's stock, valued at approximately $28,490,000. Smartstop Self Storage REIT makes up approximately 1.4% of Irenic Capital Management LP's holdings, making the stock its 18th biggest position. Irenic Capital Management LP owned approximately 1.58% of Smartstop Self Storage REIT at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV bought a new stake in Smartstop Self Storage REIT during the fourth quarter valued at about $25,000. Beacon Capital Management Inc. bought a new position in shares of Smartstop Self Storage REIT in the fourth quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Smartstop Self Storage REIT in the fourth quarter worth about $27,000. Anchor Investment Management LLC purchased a new stake in shares of Smartstop Self Storage REIT during the fourth quarter worth about $31,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of Smartstop Self Storage REIT during the fourth quarter worth about $31,000.

Insiders Place Their Bets

In related news, General Counsel Nicholas Look sold 1,025 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $34.36, for a total transaction of $35,219.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 1,875 shares of company stock valued at $63,328 in the last quarter. Insiders own 5.70% of the company's stock.

Smartstop Self Storage REIT Price Performance

Shares of Smartstop Self Storage REIT stock opened at $32.61 on Friday. The stock has a 50 day moving average of $33.70 and a 200 day moving average of $32.52. Smartstop Self Storage REIT Inc has a 12 month low of $29.41 and a 12 month high of $39.77. The firm has a market cap of $1.81 billion, a PE ratio of 63.94 and a beta of 0.49. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.89.

Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.29). The firm 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, research analysts expect that Smartstop Self Storage REIT Inc will post 2 EPS for the current fiscal year.

Smartstop Self Storage REIT Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.1315 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, September 30th. Smartstop Self Storage REIT's payout ratio is currently 307.84%.

Analysts Set New Price Targets

A number of research firms recently commented on SMA. National Bank Financial boosted their price target on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an "outperform" rating in a report on Tuesday, August 18th. Wells Fargo & Company lifted their price objective on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday. Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 16th. Raymond James Financial began coverage on shares of Smartstop Self Storage REIT in a report on Wednesday, July 15th. They issued a "strong-buy" rating and a $39.00 target price on the stock. Finally, Robert W. Baird raised their target price on shares of Smartstop Self Storage REIT from $36.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.86.

Smartstop Self Storage REIT Profile

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.

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