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In a recent filing with the Securities and Exchange Commission, SmartStop Self Storage REIT, Inc. (NYSE:SMA) announced that its Board of Directors has declared a dividend for May 2025. The dividend, which is part of a targeted annualized payout of $1.60 per share, is set to be distributed to shareholders of record as of May 30, 2025. Currently trading at $34.05, InvestingPro analysis indicates the stock is trading above its Fair Value, with concerning liquidity metrics showing short-term obligations exceeding liquid assets.
According to the SEC filing dated April 29, 2025, the dividend will be paid on June 13, 2025. Shareholders of the company’s Class A, Class T, and Unclassified Common Stock will receive $0.13589041 per share. With a market capitalization of $1.32 billion and a concerning current ratio of 0.23, InvestingPro data reveals potential liquidity challenges that investors should monitor closely.
SmartStop Self Storage REIT, Inc., which is incorporated in Maryland and headquartered in Ladera Ranch, California, operates within the real estate investment trusts (REITs) industry. The company, formerly known as Strategic Storage Trust II, Inc., is focused on the acquisition, development, and management of self-storage facilities. Financial data shows revenue of $227.56 million with a robust gross profit margin of 69.29%, though the company reported a loss of $0.20 per share in its latest reporting period.
The announcement of the dividend follows the company’s usual practice of providing monthly distributions to its shareholders. This consistent approach to dividends reflects the company’s commitment to providing regular returns to its investors. Get deeper insights into SmartStop’s financial health and 7 additional key ProTips with an InvestingPro subscription.
The company’s contact information, including its business address and phone number, is listed in the SEC filing, which serves as the source of this information. The filing also confirms James R. Barry as the Chief Financial Officer and Treasurer of SmartStop Self Storage REIT, Inc.
Investors and interested parties can find further details about the company’s financial activities and announcements in its public filings with the SEC. The declaration of the dividend is part of the company’s ongoing financial communication to its shareholders and the broader investment community.
In other recent news, SmartStop Self Storage has garnered significant attention from several analyst firms following its initial public offering. Raymond (NSE:RYMD) James initiated coverage with an Outperform rating and set a price target of $40, highlighting the company’s potential for organic growth and margin improvement. Truist Securities also began coverage with a Buy rating and a $38 target, noting SmartStop’s strong market position in the Greater Toronto Area and projecting robust revenue growth compared to industry peers. Baird analysts echoed a positive sentiment, assigning an Outperform rating and a $38 price target, citing SmartStop’s potential for expansion in the Canadian and U.S. markets. KeyBanc Capital Markets gave an Overweight rating with a $38 target, emphasizing the company’s successful IPO and reduced leverage, which positions it for future investments. Stifel analysts joined with a Buy rating and a $40 target, focusing on SmartStop’s diversified portfolio and the financial strength gained from the IPO. Each firm highlighted SmartStop’s strategic growth initiatives and potential for increased investor interest, painting a favorable outlook for the company.
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