Global Self Storage (NASDAQ:SELF) Stock Breaks Below 50-Day Moving Average – What’s Next?

Global Self Storage, Inc. (NASDAQ:SELF)’s share price crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $5.19 and traded as low as $4.85. Global Self Storage shares last traded at $4.85, with a volume of 51,415 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Global Self Storage from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Global Self Storage presently has an average rating of “Hold”.

Global Self Storage Trading Down 1.2%

The stock has a 50-day simple moving average of $5.19 and a 200 day simple moving average of $5.20. The company has a market cap of $55.39 million, a price-to-earnings ratio of 26.94 and a beta of -0.02.

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

Global Self Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.0725 dividend. This represents a $0.29 annualized dividend and a yield of 6.0%. The ex-dividend date was Wednesday, September 16th. Global Self Storage’s dividend payout ratio is 161.11%.

Institutional Trading of Global Self Storage

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bard Associates Inc. acquired a new position in Global Self Storage in the 2nd quarter worth about $82,000. Hsbc Holdings PLC acquired a new stake in Global Self Storage in the first quarter valued at approximately $88,000. Man Group plc acquired a new stake in Global Self Storage in the second quarter valued at approximately $140,000. Winmill & CO. Inc. increased its position in shares of Global Self Storage by 14.0% in the fourth quarter. Winmill & CO. Inc. now owns 586,500 shares of the financial services provider’s stock valued at $2,991,000 after buying an additional 71,907 shares in the last quarter. Finally, BlackRock Inc. purchased a new stake in shares of Global Self Storage in the second quarter valued at approximately $2,083,000. 28.88% of the stock is currently owned by institutional investors and hedge funds.

About Global Self Storage

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.