Global Self Storage (NASDAQ:SELF) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Global Self Storage, Inc. (NASDAQ:SELFGet Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.17 and traded as high as $5.59. Global Self Storage shares last traded at $5.55, with a volume of 53,010 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Global Self Storage from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Read Our Latest Research Report on Global Self Storage

Global Self Storage Stock Performance

The firm’s 50 day simple moving average is $5.18 and its two-hundred day simple moving average is $5.18. The firm has a market cap of $63.38 million and a price-to-earnings ratio of 30.83.

Global Self Storage (NASDAQ:SELFGet Free Report) last announced its earnings results on Friday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Global Self Storage had a net margin of 16.64% and a return on equity of 4.57%. The firm had revenue of $3.21 million for the quarter, compared to analyst estimates of $3.15 million.

Global Self Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.0725 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.29 dividend on an annualized basis and a yield of 5.2%. Global Self Storage’s dividend payout ratio is currently 161.11%.

Hedge Funds Weigh In On Global Self Storage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of Global Self Storage during the 3rd quarter worth $54,000. Private Capital Management LLC acquired a new position in Global Self Storage in the fourth quarter valued at about $61,000. Bard Associates Inc. bought a new stake in Global Self Storage during the second quarter worth about $82,000. Hsbc Holdings PLC acquired a new stake in Global Self Storage during the second quarter worth about $88,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Global Self Storage during the fourth quarter worth about $99,000. 28.88% of the stock is owned by institutional investors and hedge funds.

Global Self Storage Company Profile

(Get Free Report)

Global Self Storage, Inc (NASDAQ: SELF) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and acquisition of self storage properties across the United States. Headquartered in Denver, Colorado, the company focuses on delivering storage solutions tailored to both personal and commercial customers. Since its formation in 2012, Global Self Storage has built a diversified portfolio designed to meet a range of storage needs—from climate-controlled units to vehicle and business storage options.

The company’s primary business activities include the development of new facilities, the strategic acquisition of existing properties and the repositioning of underperforming assets.

Further Reading

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