StorageVault Canada Inc. Purchases 189,500 Shares of StorageVault Canada Inc. (TSE:SVI) Stock

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. acquired 189,500 shares of StorageVault Canada stock in a transaction on Friday, May 30th. The stock was acquired at an average cost of C$4.15 per share, for a total transaction of C$786,425.00.

StorageVault Canada Inc. also recently made the following trade(s):

• On Wednesday, April 30th, StorageVault Canada Inc. purchased 6,400 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$3.70 per share, with a total value of C$23,701.12.
• On Monday, March 31st, StorageVault Canada Inc. bought 25,000 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$3.95 per share, for a total transaction of C$98,742.50.

StorageVault Canada Price Performance

Shares of TSE SVI opened at C$4.13 on Friday. The business’s fifty day moving average price is C$3.85 and its 200-day moving average price is C$3.90. The stock has a market capitalization of C$1.52 billion, a PE ratio of -30.06 and a beta of 0.89. StorageVault Canada Inc. has a one year low of C$3.53 and a one year high of C$5.26.

StorageVault Canada Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a $0.0029 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Monday, March 31st. StorageVault Canada’s payout ratio is currently -7.28%.

Analyst Upgrades and Downgrades

SVI has been the topic of a number of analyst reports. Royal Bank of Canada set a C$5.50 price objective on StorageVault Canada and gave the stock an “outperform” rating in a research note on Wednesday, May 21st. Canaccord Genuity Group upgraded shares of StorageVault Canada from a “hold” rating to a “buy” rating and dropped their target price for the company from C$5.00 to C$4.50 in a research report on Monday, February 24th. Desjardins lowered their price target on shares of StorageVault Canada from C$4.75 to C$4.25 and set a “hold” rating for the company in a report on Monday, April 28th. Raymond James upped their target price on StorageVault Canada from C$4.70 to C$4.75 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, CIBC decreased their target price on StorageVault Canada from C$4.75 to C$4.25 in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$5.17.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.