Global Self Storage (NASDAQ:SELF) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Global Self Storage, Inc. (NASDAQ:SELF) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.22 and traded as low as $4.97. Global Self Storage shares last traded at $5.03, with a volume of 61,727 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Global Self Storage from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Global Self Storage Price Performance

The firm has a 50 day moving average of $5.22 and a 200-day moving average of $5.21. The stock has a market capitalization of $57.44 million and a P/E ratio of 27.94.

Global Self Storage (NASDAQ:SELF) last announced its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $3.21 million during the quarter, compared to the consensus estimate of $3.15 million. Global Self Storage had a return on equity of 4.57% and a net margin of 16.64%.

Global Self Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.0725 dividend. This represents a $0.29 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Global Self Storage’s dividend payout ratio (DPR) is 161.11%.

Institutional Investors Weigh In On Global Self Storage

Several institutional investors and hedge funds have recently bought and sold shares of SELF. Winmill & CO. Inc. bought a new position in shares of Global Self Storage during the 2nd quarter worth about $3,073,000. BlackRock Inc. acquired a new position in Global Self Storage in the second quarter worth about $2,083,000. Easterly Investment Partners LLC acquired a new position in Global Self Storage in the fourth quarter worth about $250,000. Man Group plc bought a new position in Global Self Storage during the second quarter worth about $140,000. Finally, Hsbc Holdings PLC bought a new position in Global Self Storage during the first quarter worth about $88,000. Institutional investors own 28.88% of the company’s stock.

Global Self Storage Company Profile

Global Self Storage, Inc (NASDAQ:SELF) is a real estate investment trust that owns, operates and manages self-storage facilities in the United States. The company provides storage space for household and business customers, with facilities offering units in a range of sizes and, at select locations, vehicle and outdoor storage.

In addition to traditional self-storage rentals, Global Self Storage’s services may include online reservations and payments, tenant insurance options, and the sale of moving and packing supplies.