Sound Income Strategies LLC Sells 19,426 Shares of Smartstop Self Storage REIT Inc $SMA

Sound Income Strategies LLC trimmed its holdings in shares of Smartstop Self Storage REIT Inc (NYSE:SMA) by 83.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,868 shares of the healthcare company’s stock after selling 19,426 shares during the quarter. Sound Income Strategies LLC’s holdings in Smartstop Self Storage REIT were worth $118,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Merit Financial Group LLC acquired a new stake in Smartstop Self Storage REIT in the 4th quarter valued at approximately $3,558,000. Principal Financial Group Inc. increased its position in Smartstop Self Storage REIT by 10,361.9% in the 4th quarter. Principal Financial Group Inc. now owns 2,067,159 shares of the healthcare company’s stock worth $63,958,000 after buying an additional 2,047,400 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in shares of Smartstop Self Storage REIT during the fourth quarter worth approximately $4,465,000. Choreo LLC acquired a new position in shares of Smartstop Self Storage REIT during the fourth quarter worth approximately $2,941,000. Finally, Blue Sky Capital Consultants Group Inc. bought a new stake in shares of Smartstop Self Storage REIT in the fourth quarter valued at approximately $1,064,000.

Smartstop Self Storage REIT Price Performance

Shares of NYSE:SMA opened at $33.73 on Monday. The firm has a market capitalization of $1.87 billion, a PE ratio of 224.87 and a beta of 0.56. 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 Inc has a 1-year low of $29.41 and a 1-year high of $39.77. The business’s 50 day moving average is $31.83 and its 200-day moving average is $31.94.

Smartstop Self Storage REIT (NYSE:SMA) last issued its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $78.31 million during the quarter, compared to analyst estimates of $72.56 million. Smartstop Self Storage REIT had a return on equity of 1.00% and a net margin of 4.38%.The firm’s revenue was up 19.7% compared to the same quarter last year. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. Sell-side analysts predict that Smartstop Self Storage REIT Inc will post 2.01 earnings per share for the current year.

Smartstop Self Storage REIT Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.1359 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. Smartstop Self Storage REIT’s dividend payout ratio is currently 1,053.33%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Smartstop Self Storage REIT from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Zacks Research raised shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Scotiabank upgraded shares of Smartstop Self Storage REIT to a “strong-buy” rating in a research report on Thursday, March 19th. Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, 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 for the company in a research report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.81.

About Smartstop Self Storage REIT

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.