Global Self Storage (NASDAQ:SELF) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Global Self Storage, Inc. (NASDAQ:SELF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.14 and traded as high as $5.22. Global Self Storage shares last traded at $5.15, with a volume of 42,108 shares.

Analyst Ratings Changes

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

Global Self Storage Trading Down 2.5%

The company has a fifty day moving average of $5.14 and a 200-day moving average of $5.16. The stock has a market cap of $58.81 million and a PE ratio of 30.29.

Global Self Storage (NASDAQ:SELF) last announced its earnings results on Friday, August 7th. The financial services provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $3.21 million during the quarter, compared to analysts’ expectations of $3.15 million. Global Self Storage had a return on equity of 4.19% and a net margin of 15.37%.

Global Self Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.0725 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.29 annualized dividend and a dividend yield of 5.6%. Global Self Storage’s dividend payout ratio (DPR) is presently 170.59%.

Institutional Investors Weigh In On Global Self Storage

Several large investors have recently added to or reduced their stakes in SELF. Royal Bank of Canada purchased a new position in Global Self Storage in the 4th quarter valued at approximately $129,000. Commonwealth Equity Services LLC acquired a new position in shares of Global Self Storage in the fourth quarter worth $118,000. Goldman Sachs Group Inc. purchased a new stake in shares of Global Self Storage during the fourth quarter worth $99,000. NewEdge Advisors LLC increased its position in shares of Global Self Storage by 54.5% during the third quarter. NewEdge Advisors LLC now owns 24,100 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 8,500 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of Global Self Storage by 45.1% in the third quarter. Raymond James Financial Inc. now owns 27,220 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 8,462 shares in the last quarter. 28.88% of the stock is owned by hedge funds and other institutional investors.

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.