Smartstop Self Storage REIT Inc (NYSE:SMA) Raises Dividend to $0.14 Per Share

Key Points

• Smartstop Self Storage REIT announced a monthly dividend of $0.1359 per share, equivalent to an annualized yield of approximately 4.7%. Shareholders of record on August 31 will receive payment on September 15.
• The stock traded at $34.60, near its 52-week range midpoint, with a market capitalization of approximately $1.92 billion. Its valuation included a high price-to-earnings ratio of 230.69.
• Recent quarterly results exceeded expectations, with EPS of $0.49 versus the $0.48 consensus estimate and revenue of $78.31 million, up 19.7% year over year. Several institutional investors, including JPMorgan Chase, recently initiated positions.

Smartstop Self Storage REIT Inc (NYSE:SMA - Get Free Report) announced a monthly dividend on Tuesday, August 4th. Shareholders of record on Monday, August 31st will be given a dividend of 0.1359 per share by the healthcare company on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 31st. This is a 0.0% increase from Smartstop Self Storage REIT's previous monthly dividend of $0.14.

Smartstop Self Storage REIT Stock Performance

Shares of NYSE SMA traded up $0.75 during mid-day trading on Thursday, hitting $34.60. The company had a trading volume of 520,687 shares, compared to its average volume of 798,755. The stock's 50-day moving average price is $32.94 and its 200-day moving average price is $32.28. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 230.69 and a beta of 0.50. Smartstop Self Storage REIT has a 1 year low of $29.41 and a 1 year high of $39.77. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.86.

Smartstop Self Storage REIT (NYSE:SMA - Get Free Report) last posted its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $78.31 million for the quarter, compared to analysts' expectations of $72.56 million. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. Smartstop Self Storage REIT's quarterly revenue was up 19.7% compared to the same quarter last year. On average, sell-side analysts forecast that Smartstop Self Storage REIT will post 2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in Smartstop Self Storage REIT in the 2nd quarter worth approximately $3,155,000. New York State Common Retirement Fund acquired a new stake in shares of Smartstop Self Storage REIT during the second quarter valued at about $326,000. Quantbot Technologies LP purchased a new stake in shares of Smartstop Self Storage REIT in the 2nd quarter valued at approximately $377,000. Invesco Ltd. acquired a new position in shares of Smartstop Self Storage REIT in the 2nd quarter worth approximately $602,000. Finally, Marshall Wace LLP purchased a new position in shares of Smartstop Self Storage REIT during the 2nd quarter worth approximately $830,000.

Smartstop Self Storage REIT Company 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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