Global Self Storage (NASDAQ:SELF) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Global Self Storage, Inc. (NASDAQ:SELF) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.23 and traded as low as $5.12. Global Self Storage shares last traded at $5.25, with a volume of 14,391 shares.

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 analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Global Self Storage Stock Performance

The business has a 50 day simple moving average of $5.23 and a two-hundred day simple moving average of $5.14. The firm has a market capitalization of $59.95 million and a P/E ratio of 30.88.

Global Self Storage (NASDAQ:SELF) last issued its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Global Self Storage had a net margin of 15.37% and a return on equity of 4.19%. The business had revenue of $3.17 million for the quarter, compared to the consensus estimate of $3.08 million.

Global Self Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.0725 per share. The ex-dividend date was Monday, June 15th. This represents a $0.29 annualized dividend and a yield of 5.5%. Global Self Storage’s payout ratio is presently 170.59%.

Institutional Trading of Global Self Storage

Several institutional investors and hedge funds have recently made changes to their positions in SELF. Virtu Financial LLC bought a new position in Global Self Storage in the third quarter valued at $54,000. Private Capital Management LLC bought a new stake in Global Self Storage during the fourth quarter worth about $61,000. Hsbc Holdings PLC bought a new stake in Global Self Storage during the first quarter worth about $88,000. Goldman Sachs Group Inc. bought a new stake in Global Self Storage during the fourth quarter worth about $99,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Global Self Storage by 20.4% in the 2nd quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 3,179 shares in the last quarter. Hedge funds and other institutional investors own 28.88% of the company’s stock.

Global Self Storage Company Profile

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.