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

Global Self Storage, Inc. (NASDAQ:SELF)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.17 and traded as low as $5.07. Global Self Storage shares last traded at $5.12, with a volume of 13,020 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Global Self Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Global Self Storage Trading Up 0.4%

The stock’s 50-day moving average price is $5.17 and its two-hundred day moving average price is $5.15. The stock has a market capitalization of $58.47 million and a P/E ratio of 30.12.

Global Self Storage (NASDAQ:SELF) last posted its quarterly 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 return on equity of 4.19% and a net margin of 15.37%.The company had revenue of $3.17 million during the quarter, compared to the consensus estimate of $3.08 million.

Global Self Storage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.0725 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.29 annualized dividend and a dividend yield of 5.7%. Global Self Storage’s payout ratio is presently 170.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SELF. Dimensional Fund Advisors LP grew its position in shares of Global Self Storage by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 2,032 shares in the last quarter. Geode Capital Management LLC boosted its stake in Global Self Storage by 2.0% in 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 during the period. Raymond James Financial Inc. grew its holdings in Global Self Storage by 20.4% during 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 in the last quarter. PFG Investments LLC grew its holdings in Global Self Storage by 12.3% during the 4th quarter. PFG Investments LLC now owns 35,194 shares of the financial services provider’s stock valued at $179,000 after buying an additional 3,842 shares in the last quarter. Finally, Baker Ellis Asset Management LLC increased its position in shares of Global Self Storage by 18.2% during the fourth quarter. Baker Ellis Asset Management LLC now owns 39,000 shares of the financial services provider’s stock valued at $199,000 after buying an additional 6,000 shares during the period. 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.