Global Self Storage (NASDAQ:SELF) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Global Self Storage, Inc. (NASDAQ:SELFGet Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.14 and traded as high as $5.22. Global Self Storage shares last traded at $5.15, with a volume of 42,108 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Global Self Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

View Our Latest Research Report on SELF

Global Self Storage Price Performance

The firm has a fifty day moving average price of $5.14 and a two-hundred day moving average price of $5.16. The stock has a market capitalization of $58.82 million and a PE ratio of 28.61.

Global Self Storage (NASDAQ:SELFGet Free Report) last posted its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $3.21 million during the quarter, compared to analysts’ expectations of $3.15 million. Global Self Storage had a return on equity of 4.19% and a net margin of 15.37%.

Global Self Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, June 15th. Global Self Storage’s payout ratio is currently 161.11%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in Global Self Storage in the 3rd quarter valued at about $54,000. Private Capital Management LLC purchased a new position in shares of Global Self Storage during the fourth quarter worth approximately $61,000. Hsbc Holdings PLC bought a new stake in shares of Global Self Storage during the first quarter valued at approximately $88,000. Goldman Sachs Group Inc. bought a new stake in shares of Global Self Storage during the fourth quarter valued at approximately $99,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Global Self Storage by 20.4% in the second quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 3,179 shares during the period. Hedge funds and other institutional investors own 28.88% of the company’s stock.

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.

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