The Motley FoolT3·4mo ago
SMA SmartStop Self Storage REIT, Inc.
XNYS
34.44
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
SMA
$34.44
—
Key stats
$34.44
- 52-Week Range
- $29.41 – $38.69
- YTD
- +11.96%
- IV Rank (30D)
- 34.31
- Straddle Price
- $2.75
- P/C Vol Ratio
- 0.12
- Market Cap
- $2.0B
- Open
- $34.70
- Day Range
- $34.15 – $34.82
- Volume
- 558,208
- Prev Close
- $34.59
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 0.64 |
| Cost of Equity (CAPM) | 8.34% (VRP-adj) |
| WACC | 7.50% |
| Volatility Risk Premium | +37.7pp (IV − HV30) |
| Effective Tax Rate | 10.5% |
| Rev. Growth (YoY, DCF input) | +17.2% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.1B |
| Return on Equity (TTM) | 2.5% |
| Book / Price | 69.4% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 59.7% |
| FCF Margin (TTM) | 29.3% |
| Debt / Equity | 0.86 |
| Quality Score | 4/6 — high quality (12y DCF) |
| Market-Implied Growth | +9.7% (reverse-DCF on current price) |
| SMA 50 | $32.97 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $32.83 |
| Bollinger Width / SMA20 | 34.3% (drives anchor stability) |
| Net Debt | $1.1B |
| Market Cap | $2B |
Peers used for multiples: DOC, EXR, HST, O, OHI, WELL
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
42%
20-Day Fair Value
≈ by Nov 20, 2026
$34.84
α +1.2%
rank 69%
conviction
68%
40-Day Fair Value
≈ by Dec 21, 2026
$35.14
α +2.0%
rank 78%
conviction
63%
60-Day Fair Value
≈ by Jan 19, 2027
$34.84
α +1.2%
rank 73%
conviction
42%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $69.62 | 32% | |
| DDM (Gordon) | $54.55 | 26% | |
| Peer P/E | $6.85 | 8% | median 36.6× · 6 peers |
| Peer EV/EBITDA | $27.00 | 10% | median 16.8× · 6 peers |
| Peer P/B | $57.48 | 12% | median 2.4× · 6 peers |
| Peer P/S | $55.62 | 12% | median 9.1× · 6 peers |
| Market Anchor (SMA50) | $32.97 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $33.18 | 0% | 5 strikes · skew -1.30 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- REAL ESTATE INVESTMENT TRUSTS (6798) · industry map
- Exchange
- XNYS
- Market Cap
- $2.0B
- Employees
- 1,000
- List Date
- 2025-04-02
- CIK
- 0001585389
- Next Earnings
- 2026-11-04 (After-Close)
- EPS Forecast
- $0.50 (3 est.)
- Headquarters
- Ladera Ranch, CA
- Homepage
- https://smartstopselfstorage.com
Smartstop Self Storage REIT Inc operates as a real estate investment trust. The trust owns, acquires, and operates self-storage properties. It operates in two segments, namely, self-storage operations, which generate key revenue, and the managed REIT platform business. The investment objective is to focus on investing in self-storage facilities and related self-storage real estate investments that are expected to support sustainable stockholder distributions over the long term.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 2.21% | 2.21% |
| Feb | -- | 6.55% | 6.55% |
| Mar | -- | -10.04% | -10.04% |
| Apr | 7.30% | 3.45% | 5.38% |
| May | 3.45% | -0.29% | 1.58% |
| Jun | -0.88% | 5.93% | 2.52% |
| Jul | -8.48% | 0.96% | -3.76% |
| Aug | 4.57% | -3.42% | 0.58% |
| Sep | 4.38% | -0.92% | 1.73% |
| Oct | -10.59% | 6.82%* | -1.88% |
| Nov | -5.11% | -- | -5.11% |
| Dec | -4.80% | -- | -4.80% |
| Total | -11.23% | 10.47% | -0.38% |
* Only 2 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $32.83
SMA 50: $32.97
SMA 200: $32.46
Current: $34.44
EMA 12: $33.52
EMA 26: $33.10
MACD: 0.4143 | Signal: 0.2351
BULLISH
ADX (14): 18.20
RANGE
+DI: 32.18
−DI: 16.10
Momentum Oscillators
RSI (14): 63.31
NEUTRAL
Stoch %K: 80.57
Stoch %D: 81.32
Williams %R: -13.48
Volume & Volatility
BB Upper: $34.68
BB Lower: $30.98
NEUTRAL
OBV: 9,148,172
Vol SMA 20: 731,366
Vol ROC: -33.00%
ATR: $0.75
True Range: $0.67
HV 20: 26.3%
HV 30: 23.3%
HV 60: 21.7%
Data Summary
Data Points: 391
Last Updated:
Date Range: 2025-04-02T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is my response to the prompt:
Executive Summary
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers and primary risks:
- Technical indicators suggest a consolidation phase, with no clear trend direction.
- Recent news headlines have been neutral, with no significant market-moving events.
- Risk metrics indicate low volatility, which may not provide much upside potential.
Primary risk is the lack of clear trend direction, making it challenging to identify potential entry or exit points.
Technical Analysis
Trend Direction: NEUTRAL (no clear trend)
Support/Resistance Levels:
- SMA 20: $33.47
- SMA 50: $33.64
- Upper Bollinger Band: $35.04
Momentum Signals:
- RSI interpretation: Neutral (33.67)
- MACD signal: Bearish (-0.40 / -0.18)
- Bollinger Bands position: Neutral (no significant squeeze or breakout)
Volume Analysis: Low volume, indicating a lack of institutional interest.
News & Sentiment Analysis
Recent Headlines Summary:
- News headlines have been neutral, with no significant market-moving events.
- No news articles suggest any major catalysts in the near term.
Sentiment Assessment: Neutral (average sentiment is neutral, with no strong positive or negative trends).
Catalyst Identification: None
Market Narrative: The lack of clear trend direction and low volume may indicate a range-bound market.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta = 0.51)
Volatility Regime: Low volatility, with average true range at $0.78.
Options Market Signals:
- IV Rank: Medium (51.8%)
- Put/Call Ratio: Bearish (5.14)
- Open Interest: Dominant put activity
Downside Protection: Support levels are present at SMA 20 and lower Bollinger Band, providing some downside protection.
Market Context & Positioning
Sector Performance: The Self-Storage REIT sector has been performing relatively well, with SMARTSTOP Self Storage (SMA) being a representative stock in this space.
Institutional Activity: Low volume and institutional interest may indicate a lack of buying pressure.
Correlation Analysis: SMA's correlation with the broader market is low (0.24), indicating some diversification potential.
Relative Valuation: SMA appears to be trading within a range, with no clear overbought or oversold conditions.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $33.47
- Lower Bollinger Band: $31.90
Breakout/Breakdown Levels: No significant levels present due to the consolidation phase.
Time-Sensitive Catalysts: No near-term catalysts are expected, given the neutral news headlines and lack of institutional interest.
Risk Management: Stop-loss levels could be set around SMA 20, with a position sizing consideration of 2-3% of overall portfolio.
Generated
News
All SMA news →
Investing.comT3·8mo ago
The Motley FoolT3·11mo ago
Earnings History
4 of 4 under expected move
Avg Expected Move
8.20%
Avg Actual Move
1.30%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2025-11-05 | Pre-Market | 8.78% | 0.97% | 0.11x | Within |
| 2026-02-25 | After-Close | 9.95% | 0.21% | 0.02x | Within |
| 2026-05-06 | Pre-Market | 9.03% | 3.52% | 0.39x | Within |
| 2026-08-05 | Pre-Market | 5.05% | 0.50% | 0.10x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
SMA Options Activity & IV Rank
SMA IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 35.3%
7-DTE IV: —
Expected Move: $2.75
7-DTE Move: $2.75
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 8
Put Volume: 1
P/C Volume: 0.125
BULLISH
Call OI: 345
Put OI: 1
P/C OI: 0.003
Total OI: 346
ATM Options Pricing
ATM Call: $1.27
ATM Put: $1.48
Call %: 3.7%
Put %: 4.3%
Chain Summary
Chain Volume: 72
Chain OI: 504
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 94th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
94%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
+0.78
δ-sensitivity to IV
Charm tilt
-0.78
δ-decay vs time
Vanna tilt +0.78: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.78: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 33.8% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)34.3MediumOct 21
Straddle Price (30 DTE)$2.75Oct 21
Beta Analysis
Risk Metrics
Beta: 0.5373
Alpha: -13.14%
Correlation: 0.2550
R-Squared: 6.5%
Stock Volatility: 26.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own SMA
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $5.1M | #2088 of 6285 | +481.0% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $1.6M | #2090 of 3138 | new | 13F | |
| Millennium Management Hedge fund Izzy Englander | $767K | #3018 of 3716 | -96.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
SMA Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 53,084,890 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
1 filers$1.14M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.14M | 100.00% | 2026-06-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|
SMA Insider Trading (Form 4)
Latest: 2026-10-19Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-19 | David J Mueller | Director | Sell (S) | −425 | $33.98 | -$14.4K | EDGAR |
| 2026-09-17 | David J Mueller | Director | Sell (S) | −425 | $32.05 | -$13.6K | EDGAR |
| 2026-08-18 | Nicholas Look | General Counsel and Secretary | Sell (S) | −1,025 | $34.36 | -$35.2K | EDGAR |
| 2026-08-18 | David J Mueller | Director | Sell (S) | −425 | $33.70 | -$14.3K | EDGAR |
| 2026-07-16 | David J Mueller | Director | Sell (S) | −425 | $33.38 | -$14.2K | EDGAR |
| 2026-06-25 | Lora A. Gotcheva | Director | Grant (A) | +3,075 RSU | — | EDGAR | |
| 2026-06-25 | Timothy S. Morris | Director | Award (A) | +3,075 | — | EDGAR | |
| 2026-06-25 | Harold Perry | Director | Award (A) | — | — | EDGAR | |
| 2026-06-25 | David J Mueller | Director | Award (A) | — | — | EDGAR | |
| 2026-06-17 | David J Mueller | Director | Sell (S) | −425 | $32.44 | -$13.8K | EDGAR |
| 2026-05-19 | David J Mueller | Director | Sell (S) | −425 | $29.67 | -$12.6K | EDGAR |
| 2026-04-17 | David J Mueller | Director | Sell (S) | −425 | $31.78 | -$13.5K | EDGAR |
| 2026-03-27 | Joseph H Robinson | Chief Operations Officer | Award (A) | — | — | EDGAR | |
| 2026-03-27 | Nicholas Look | General Counsel and Secretary | Award (A) | — | — | EDGAR | |
| 2026-03-27 | James R. Barry | CFO and Treasurer | Award (A) | — | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
SMA Insider Holdings
10 insiders · @ $34.44
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | H. Michael Schwartz | CEO and President | 24,250 | $835.2K | $738.2K | 3 | 2026-03-27 |
| 2 | Harold Perry | Director | 12,657 | $435.9K | $90.0K | 3 | 2026-06-25 |
| 3 | Timothy S. Morris | Director | 9,166 | $315.7K | $0 | 3 | 2026-06-25 |
| 4 | Wayne Johnson | Chief Investment Officer | 8,863 | $305.2K | $90.0K | 2 | 2026-03-27 |
| 5 | Michael O Terjung | Chief Accounting Officer | 8,142 | $280.4K | $180.0K | 2 | 2026-03-27 |
| 6 | Paula M. Mathews | Director | 7,176 | $247.2K | $0 | 2 | 2025-06-26 |
| 7 | David J Mueller | Director | 3,790 | $130.5K | -$110.4K | 11 | 2026-10-19 |
| 8 | James R. Barry | CFO and Treasurer | 3,375 | $116.2K | $20.1K | 3 | 2026-03-27 |
| 9 | Joseph H Robinson | Chief Operations Officer | 2,830 | $97.5K | $15.0K | 2 | 2026-03-27 |
| 10 | Nicholas Look | General Counsel and Secretary | 588 | $20.3K | -$20.3K | 4 | 2026-08-18 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
SMA Board & Officers
As of SEC filings through Oct 19, 2026Directors 6
- David J Mueller · since Apr 26, 2016
- H. Michael Schwartz · since Apr 26, 2016
- Harold Perry · since Apr 26, 2016
- Timothy S. Morris · since Apr 26, 2016
- Lora A. Gotcheva · since Jul 10, 2025
- Wayne Johnson · listed since Mar 2026
Officers 5
- H. Michael Schwartz · Chief Executive Officer · listed since Apr 2021
- James R. Barry · CFO and Treasurer · since Jun 28, 2019
- Michael O Terjung · Chief Accounting Officer · since Jun 28, 2019
- Joseph H Robinson · Chief Operations Officer · since Oct 1, 2019
- Nicholas Look · General Counsel and Secretary · since Jun 28, 2019
Changes in the last 10 years (27)
| Mar 27, 2026 | Wayne Johnson first listed as a director in an SEC filing |
| Feb 19, 2026 | The company announced the departure of Wayne Johnson as President and CIO in an SEC filing |
| Jul 10, 2025 | Lora A. Gotcheva became a director |
| Jun 30, 2025 | The company announced the departure of Paula M. Mathews from the board in an SEC filing |
| May 13, 2025 | Extra Space Storage LP reported in an SEC filing no longer being a 10% owner |
| May 13, 2025 | Extra Space Storage Inc. reported in an SEC filing no longer being a 10% owner |
| May 13, 2025 | ESS Holdings Business Trust I reported in an SEC filing no longer being a 10% owner |
| Apr 4, 2025 | H. Michael Schwartz no longer listed as a 10% owner in SEC filings |
| Feb 23, 2023 | H. Michael Schwartz first listed as a 10% owner in an SEC filing |
| Dec 9, 2021 | H. Michael Schwartz no longer listed as a 10% owner in SEC filings |
| Oct 29, 2021 | Extra Space Storage LP became a 10% owner |
| Oct 29, 2021 | Extra Space Storage Inc. became a 10% owner |
| Oct 29, 2021 | ESS Holdings Business Trust I became a 10% owner |
| Sep 3, 2021 | H. Michael Schwartz first listed as a 10% owner in an SEC filing |
| Apr 21, 2021 | H. Michael Schwartz listed as Chief Executive Officer (previously Executive Chairman) in SEC filings |
| Feb 25, 2020 | Paula M. Mathews no longer listed as Executive VP and Secretary in SEC filings |
| Oct 1, 2019 | Joseph H Robinson became Chief Operations Officer |
| Jul 2, 2019 | Wayne Johnson listed as President and CIO (previously Chief Investment Officer) in SEC filings |
| Jul 2, 2019 | Michael McClure listed as Chief Executive Officer (previously Executive VP,CFO and Treasurer) in SEC filings |
| Jul 2, 2019 | Matt F Lopez reported in an SEC filing no longer being Chief Financial Officer |
| Jul 2, 2019 | James L. Berg reported in an SEC filing no longer being Assistant Secretary |
| Jul 2, 2019 | H. Michael Schwartz listed as Executive Chairman (previously Chairman, CEO and President) in SEC filings |
| Jun 28, 2019 | Nicholas Look became General Counsel and Secretary |
| Jun 28, 2019 | Michael O Terjung became Chief Accounting Officer |
| Jun 28, 2019 | James R. Barry became CFO and Treasurer |
| Jun 28, 2019 | Gerald Valle became SVP, Self-Storage Operations |
| Jan 20, 2017 | Matt F Lopez became Chief Financial Officer |
Not reported recently (2)
- Gerald Valle · Last reported as SVP, Self-Storage Operations in an SEC filing dated Mar 11, 2024
- Michael McClure · Last reported as Chief Executive Officer in an SEC filing dated Apr 24, 2020
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
SMA Proposed Insider Sales (Form 144)
Latest: 2026-10-16
? Form 144 Guide
Last 30d:
1 filing
· $14K notice value
· Last 90d:
3 filings
· $42K notice value
· 1 unique filer
· 100% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Mueller David J (3, $42K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-16 | Mueller David J | Director | 425 | $14.4K | 2026-10-16 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-09-16 | Mueller David J | Director | 425 | $13.6K | 2026-09-16 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-08-17 | Mueller David J | Director | 425 | $14.3K | 2026-08-17 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-07-16 | Mueller David J | Director | 425 | $14.2K | 2026-07-16 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-06-16 | Mueller David J | Director | 425 | $13.8K | 2026-06-16 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-05-18 | Mueller David J | Director | 425 | $12.6K | 2026-05-18 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-04-16 | Mueller David J | Director | 425 | $13.5K | 2026-04-16 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2026-03-16 | Mueller David J | Director | 425 | $13.9K | 2026-03-16 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
49 ETFs hold SMA
25 shown · $292.92M total exposure · 0.05% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VNQ Vanguard Real Estate ETF | Vanguard | 0.10% | $67.5M | — | 2026-09-30 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $56.6M | — | 2026-09-30 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.06% | $48.1M | $75.1B | 2026-10-20 |
| 4 | VXF Vanguard Extended Market ETF | Vanguard | 0.02% | $20.2M | — | 2026-09-30 |
| 5 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.13% | $17.9M | $13.7B | 2026-10-20 |
| 6 | SCHH Schwab U.S. REIT ETF | Nport | 0.12% | $12.2M | — | 2026-05-31 |
| 7 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.06% | $10.6M | — | 2026-09-30 |
| 8 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.04% | $8.3M | — | 2026-05-31 |
| 9 | CSRE Cohen & Steers Real Estate Active ETF | Nport | 1.70% | $7.5M | — | 2026-06-30 |
| 10 | USRT iShares Core U.S. REIT ETF | iShares (BlackRock) | 0.17% | $7.1M | $4.2B | 2026-10-20 |
| 11 | JPRE JPMorgan Realty Income ETF | JPMorgan | 1.27% | $5.9M | $461.3M | 2026-10-21 |
| 12 | REET iShares Global REIT ETF | iShares (BlackRock) | 0.11% | $5.2M | $4.7B | 2026-10-20 |
| 13 | REZ iShares Residential and Multisector Real Estate ETF | iShares (BlackRock) | 0.48% | $3.8M | $787.6M | 2026-10-20 |
| 14 | FYC First Trust Small Cap Growth AlphaDEX® Fund | First Trust | 0.28% | $3.7M | $1.3B | 2026-10-20 |
| 15 | RWR State Street® SPDR® Dow Jones® REIT ETF | SPDR (State Street) | 0.19% | $3.4M | $1.8B | 2026-10-20 |
| 16 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $3.0M | $97.4B | 2026-10-20 |
| 17 | SRHR SRH REIT Covered Call ETF | Nport | 4.01% | $2.2M | — | 2026-07-31 |
| 18 | FREL Fidelity MSCI Real Estate Index ETF | Fidelity | 0.13% | $1.7M | $1.4B | 2026-10-20 |
| 19 | VTWV Vanguard Russell 2000 Value ETF | Vanguard | 0.12% | $1.7M | — | 2026-09-30 |
| 20 | RWO State Street® SPDR® Dow Jones® Global Real Estate ETF | SPDR (State Street) | 0.12% | $1.5M | $1.2B | 2026-10-20 |
| 21 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.00% | $1.1M | — | 2026-05-31 |
| 22 | RSSL Global X Russell 2000 ETF | Global X | 0.07% | $937,319 | — | 2026-10-21 |
| 23 | FYX First Trust Small Cap Core AlphaDEX® Fund | First Trust | 0.07% | $906,569 | $1.4B | 2026-10-20 |
| 24 | AVRE Avantis Real Estate ETF | Avantis | 0.10% | $891,696 | $867.9M | 2026-10-20 |
| 25 | JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF | JPMorgan | 0.16% | $891,066 | $569.8M | 2026-10-21 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
202.59
TTM Diluted EPS
$0.17
TTM Revenue
$294.00M
TTM Net Income
$9.22M
TTM Op. Cash Flow
$98.66M
Quarterly figures (4 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $78.31M | $9.58M | $0.17 | $24.24M |
| Q4 '25 | 2025-12-31 | $78.45M | $2.78M | $0.07 | $14.36M |
| Q3 '25 | 2025-09-30 | $70.43M | $5.23M | $0.09 | $52.06M |
| Q2 '25 | 2025-06-30 | $66.82M | $-8.36M | $-0.16 | $8.01M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-08
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
202.59
P/B
1.44
P/S
6.22
EV/EBITDA
21.36
EV/Sales
9.81
ROE
0.7%
ROA
0.4%
Div Yield
4.46%
FCF Yield
5.40%
Debt/Equity
0.86
Current Ratio
—
Market Cap
$1.83B
as of 2026-10-21
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
6.10M
SI % of Float
11.07%
Days to Cover
7.33
Short Vol Ratio
39.6%
Free Float
55.12M
Float %
99.6%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-24