Global Self Storage (NASDAQ:SELF) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Global Self Storage, Inc. (NASDAQ:SELF) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.15 and traded as low as $5.05. Global Self Storage shares last traded at $5.06, with a volume of 19,383 shares trading hands.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Global Self Storage currently has an average rating of “Hold”.

Global Self Storage Trading Up 0.6%

The stock’s fifty day moving average price is $5.14 and its 200 day moving average price is $5.15. The stock has a market cap of $58.47 million and a P/E ratio of 30.12.

Global Self Storage (NASDAQ:SELF) last issued its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $3.17 million during the quarter, compared to the consensus estimate of $3.08 million.

Global Self Storage Dividend Announcement

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

Hedge Funds Weigh In On Global Self Storage

Several large investors have recently made changes to their positions in the business. Winmill & CO. Inc. boosted its position in shares of Global Self Storage by 14.0% in the 4th quarter. Winmill & CO. Inc. now owns 586,500 shares of the financial services provider’s stock worth $2,991,000 after purchasing an additional 71,907 shares in the last quarter. Easterly Investment Partners LLC purchased a new position in Global Self Storage during the fourth quarter valued at $250,000. Citadel Advisors LLC purchased a new position in Global Self Storage during the third quarter valued at $197,000. AlphaCentric Advisors LLC bought a new stake in Global Self Storage in the fourth quarter worth $180,000. Finally, Crossingbridge Advisors LLC boosted its holdings in Global Self Storage by 3,427.1% in the fourth quarter. Crossingbridge Advisors LLC now owns 35,271 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 34,271 shares in the last quarter. 28.88% of the stock is currently 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.