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

Global Self Storage, Inc. (NASDAQ:SELF)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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.

Analyst Upgrades and Downgrades

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

Global Self Storage Stock Performance

The company has a fifty day simple moving average of $5.17 and a 200 day simple moving average of $5.17. The stock has a market capitalization of $63.39 million and a price-to-earnings ratio of 30.83.

Global Self Storage (NASDAQ:SELF) last announced its earnings results on Friday, August 7th. The financial services provider reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $3.21 million for the quarter, compared to analyst estimates 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.0725 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.29 annualized dividend and a yield of 5.2%. Global Self Storage’s dividend payout ratio is presently 161.11%.

Institutional Investors Weigh In On Global Self Storage

A number of hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Global Self Storage during the third quarter worth approximately $54,000. Private Capital Management LLC bought a new position in shares of Global Self Storage in the 4th quarter worth $61,000. Bard Associates Inc. acquired a new stake in Global Self Storage in the 2nd quarter valued at $82,000. Hsbc Holdings PLC acquired a new stake in Global Self Storage in the 2nd quarter valued at $88,000. Finally, Goldman Sachs Group Inc. acquired a new position in Global Self Storage during the fourth quarter worth $99,000. Institutional investors and hedge funds 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.