Global Self Storage (NASDAQ:SELF) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Global Self Storage, Inc. (NASDAQ:SELF)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.06 and traded as high as $5.19. Global Self Storage shares last traded at $5.09, with a volume of 32,246 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Global Self Storage in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Global Self Storage presently has an average rating of “Hold”.

Global Self Storage Stock Performance

The firm has a market cap of $57.72 million, a price-to-earnings ratio of 31.81 and a beta of -0.01. The firm’s 50 day moving average is $5.06 and its 200-day moving average is $5.06.

Global Self Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.0725 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.7%. Global Self Storage’s dividend payout ratio is currently 181.25%.

Institutional Investors Weigh In On Global Self Storage

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Gravity Companies Inc. bought a new stake in Global Self Storage during the second quarter worth approximately $34,000. Virtu Financial LLC bought a new position in shares of Global Self Storage in the third quarter valued at approximately $54,000. Private Capital Management LLC acquired a new stake in shares of Global Self Storage in the fourth quarter worth $61,000. Goldman Sachs Group Inc. bought a new stake in shares of Global Self Storage during the 4th quarter worth $99,000. Finally, Raymond James Financial Inc. grew its stake in 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 valued at $100,000 after buying an additional 3,179 shares during the last quarter. 28.88% of the stock is currently owned by institutional investors and hedge funds.

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.