Smartstop Self Storage REIT (NYSE:SMA) Stock: Insider David Mueller Sells 425 Shares

Key Points

• Director David Mueller sold 425 SMA shares for approximately $14,442 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 10.08% to 3,790 shares.
• SmartStop raised its monthly dividend to $0.1359 per share, equivalent to a 4.8% annualized yield, though its payout ratio is elevated at 309.8%.
• Analysts maintain a “Moderate Buy” consensus with a $36.42 target price, while the company’s latest quarterly EPS of $0.20 fell well short of the $0.49 consensus estimate.

Smartstop Self Storage REIT Inc (NYSE:SMA - Get Free Report) Director David Mueller sold 425 shares of the company's stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $33.98, for a total value of $14,441.50. Following the completion of the transaction, the director owned 3,790 shares in the company, valued at $128,784.20. This represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Smartstop Self Storage REIT Price Performance

SMA stock traded down $0.51 during midday trading on Monday, reaching $33.65. The company had a trading volume of 467,811 shares, compared to its average volume of 783,358. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.28 and a quick ratio of 5.28. Smartstop Self Storage REIT Inc has a 1 year low of $29.41 and a 1 year high of $38.69. The company has a market capitalization of $1.86 billion, a P/E ratio of 65.98 and a beta of 0.48. The firm has a 50-day moving average price of $32.95 and a 200-day moving average price of $32.54.

Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.29). The business 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 anticipate that Smartstop Self Storage REIT Inc will post 2.02 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $0.1359 per share. This is an increase from Smartstop Self Storage REIT's previous monthly dividend of $0.1315. This represents a $1.63 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, October 30th. Smartstop Self Storage REIT's payout ratio is 309.80%.

Hedge Funds Weigh In On Smartstop Self Storage REIT

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in Smartstop Self Storage REIT by 25.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company's stock worth $78,611,000 after purchasing an additional 528,974 shares during the period. Irenic Capital Management LP bought a new stake in Smartstop Self Storage REIT during the 2nd quarter valued at $28,490,000. Conversant Capital LLC bought a new stake in Smartstop Self Storage REIT during the 1st quarter valued at $25,972,000. Independent Financial Group LLC purchased a new stake in shares of Smartstop Self Storage REIT in the 1st quarter worth $10,689,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Smartstop Self Storage REIT by 33.6% in the 1st quarter. Bank of New York Mellon Corp now owns 231,115 shares of the healthcare company's stock worth $6,998,000 after buying an additional 58,169 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SMA shares. Truist Financial restated a "hold" rating and set a $33.00 price target (down from $36.00) on shares of Smartstop Self Storage REIT in a report on Thursday, October 1st. Robert W. Baird cut their price objective on shares of Smartstop Self Storage REIT from $37.00 to $36.00 and set an "outperform" rating on the stock in a research report on Friday, October 2nd. BMO Capital Markets lowered shares of Smartstop Self Storage REIT from an "outperform" rating to a "market perform" rating and set a $38.00 price objective for the company. in a research note on Thursday, August 27th. National Bank Financial raised their price objective on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an "outperform" rating in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. lifted 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 report on Monday, September 21st. Two 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Smartstop Self Storage REIT presently has an average rating of "Moderate Buy" and a consensus target price of $36.42.

Smartstop Self Storage REIT Company Profile

SmartStop Self Storage REIT, Inc NYSE: SMA is a real estate investment trust focused on the ownership, operation and management of self-storage facilities. The company provides storage space for residential, commercial and other customers, with offerings that may include traditional storage units, climate-controlled units, vehicle storage and related tenant services.

SmartStop operates under the SmartStop Self Storage brand and serves customers across the United States and Canada. Its facilities generally provide online reservations and payments, electronic access, moving and packing supplies, and other convenience-oriented services.

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