Smartstop Self Storage REIT Inc $SMA Stock Sold by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors cut its SmartStop Self Storage REIT stake by 50.5% in the third quarter, selling 61,760 shares and retaining 60,612 shares valued at approximately $1.95 million.
• Analyst sentiment remains positive but mixed: SmartStop has a consensus “Moderate Buy” rating and an average price target of $36.42, while recent targets range from $33 to $39.
• The company raised its monthly dividend to $0.1359 per share, implying a 4.6% annualized yield, despite reporting quarterly EPS of $0.20—below the $0.49 consensus estimate.

Prime Capital Investment Advisors LLC decreased its position in Smartstop Self Storage REIT Inc (NYSE:SMA - Free Report) by 50.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,612 shares of the healthcare company's stock after selling 61,760 shares during the quarter. Prime Capital Investment Advisors LLC owned about 0.11% of Smartstop Self Storage REIT worth $1,952,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in Smartstop Self Storage REIT by 61.4% during the second quarter. Allworth Financial LP now owns 1,788 shares of the healthcare company's stock valued at $58,000 after acquiring an additional 680 shares in the last quarter. Assetmark Inc. grew its position in Smartstop Self Storage REIT by 68.0% in the first quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company's stock worth $52,000 after acquiring an additional 690 shares in the last quarter. Strs Ohio grew its position in Smartstop Self Storage REIT by 0.7% in the first quarter. Strs Ohio now owns 104,200 shares of the healthcare company's stock worth $3,155,000 after acquiring an additional 700 shares in the last quarter. State of Wyoming grew its position in Smartstop Self Storage REIT by 9.2% in the first quarter. State of Wyoming now owns 8,783 shares of the healthcare company's stock worth $266,000 after acquiring an additional 738 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its stake in shares of Smartstop Self Storage REIT by 0.5% during the 1st quarter. Peregrine Capital Management LLC now owns 157,994 shares of the healthcare company's stock worth $4,784,000 after purchasing an additional 813 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SMA. BMO Capital Markets downgraded shares of Smartstop Self Storage REIT from an "outperform" rating to a "market perform" rating and set a $38.00 price target on the stock. in a report on Thursday, August 27th. Truist Financial reiterated a "hold" rating and issued a $33.00 price objective (down from $36.00) on shares of Smartstop Self Storage REIT in a report on Thursday, October 1st. Raymond James Financial began coverage on shares of Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They set a "strong-buy" rating and a $39.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Smartstop Self Storage REIT from $33.00 to $34.00 and gave the stock an "underweight" rating in a research report on Monday, September 21st. Finally, Wells Fargo & Company raised their target price on Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Smartstop Self Storage REIT currently has a consensus rating of "Moderate Buy" and an average price target of $36.42.

Smartstop Self Storage REIT Stock Up 2.8%

SMA opened at $35.41 on Friday. The firm has a market cap of $1.96 billion, a P/E ratio of 17.22 and a beta of 0.48. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.28 and a current ratio of 5.28. The business has a 50 day moving average price of $32.99 and a 200 day moving average price of $32.66. Smartstop Self Storage REIT Inc has a twelve month low of $29.41 and a twelve month high of $38.69.

Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 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 company had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. Research analysts forecast that Smartstop Self Storage REIT Inc will post 2.02 EPS for the current year.

Smartstop Self Storage REIT Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a dividend of $0.1359 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.63 annualized dividend and a dividend yield of 4.6%. This is an increase from Smartstop Self Storage REIT's previous monthly dividend of $0.1315. Smartstop Self Storage REIT's payout ratio is currently 309.80%.

Insider Activity

In related news, General Counsel Nicholas Look sold 1,025 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $34.36, for a total value of $35,219.00. Following the transaction, the general counsel directly owned 588 shares in the company, valued at approximately $20,203.68. This trade represents a 63.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 2,300 shares of company stock worth $77,604. 5.70% of the stock is currently owned by corporate insiders.

Smartstop Self Storage REIT Company Profile

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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