StorageVault Canada Inc. Acquires 189,500 Shares of StorageVault Canada Inc. (TSE:SVI) Stock

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. acquired 189,500 shares of the stock in a transaction dated Friday, May 30th. The stock was acquired at an average cost of C$4.15 per share, with a total value of C$786,425.00.

StorageVault Canada Inc. also recently made the following trade(s):

• On Wednesday, April 30th, StorageVault Canada Inc. bought 6,400 shares of StorageVault Canada stock. The shares were acquired at an average cost of C$3.70 per share, for a total transaction of C$23,701.12.
• On Monday, March 31st, StorageVault Canada Inc. purchased 25,000 shares of StorageVault Canada stock. The stock was acquired at an average cost of C$3.95 per share, with a total value of C$98,742.50.

StorageVault Canada Price Performance

Shares of StorageVault Canada stock opened at C$4.13 on Thursday. The stock has a market cap of C$1.52 billion, a PE ratio of -30.06 and a beta of 0.89. The firm has a fifty day moving average price of C$3.84 and a 200 day moving average price of C$3.90. StorageVault Canada Inc. has a 1 year low of C$3.53 and a 1 year high of C$5.26.

StorageVault Canada Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.0029 per share. The ex-dividend date was Monday, March 31st. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.28%. StorageVault Canada’s payout ratio is currently -7.28%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SVI shares. CIBC cut their price objective on shares of StorageVault Canada from C$4.75 to C$4.25 in a report on Friday, April 25th. Desjardins dropped their target price on shares of StorageVault Canada from C$4.75 to C$4.25 and set a “hold” rating on the stock in a research report on Monday, April 28th. Canaccord Genuity Group raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and decreased their price target for the stock from C$5.00 to C$4.50 in a report on Monday, February 24th. Raymond James lifted their price objective on shares of StorageVault Canada from C$4.70 to C$4.75 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada set a C$5.50 target price on StorageVault Canada and gave the company an “outperform” rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$5.17.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.