Global Self Storage (NASDAQ:SELF) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of Global Self Storage, Inc. (NASDAQ:SELF) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.25 and traded as low as $5.16. Global Self Storage shares last traded at $5.25, with a volume of 4,736 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Global Self Storage in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Global Self Storage Stock Up 0.8%

The business has a fifty day simple moving average of $5.25 and a 200 day simple moving average of $5.13. The company has a market cap of $59.96 million, a price-to-earnings ratio of 30.88 and a beta of 0.02.

Global Self Storage (NASDAQ:SELF) last released its earnings results on Friday, May 8th. The financial services provider reported $0.04 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 during the quarter, compared to analyst estimates of $3.08 million.

Global Self Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.0725 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.29 dividend on an annualized basis and a yield of 5.5%. Global Self Storage’s dividend payout ratio (DPR) is 170.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Winmill & CO. Inc. raised its stake in shares of Global Self Storage by 14.0% during the 4th quarter. Winmill & CO. Inc. now owns 586,500 shares of the financial services provider’s stock worth $2,991,000 after buying an additional 71,907 shares during the last quarter. Geode Capital Management LLC increased its position in Global Self Storage by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider’s stock worth $735,000 after purchasing an additional 2,867 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Global Self Storage by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,032 shares in the last quarter. Easterly Investment Partners LLC purchased a new stake in Global Self Storage during the 4th quarter worth about $250,000. Finally, Cetera Investment Advisers increased its position in Global Self Storage by 158.3% during the 2nd quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 27,914 shares in the last quarter. Institutional investors and hedge funds own 28.88% of the company’s stock.

About Global Self Storage

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.