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

Global Self Storage, Inc. (NASDAQ:SELF)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.23 and traded as low as $5.12. Global Self Storage shares last traded at $5.25, with a volume of 14,391 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of 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, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Global Self Storage Stock Performance

The company has a market cap of $59.61 million and a P/E ratio of 30.71. The business has a fifty day simple moving average of $5.23 and a 200 day simple moving average of $5.15.

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 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 firm had revenue of $3.17 million during the quarter, compared to the consensus estimate of $3.08 million.

Global Self Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, June 15th. Global Self Storage’s dividend payout ratio is 170.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SELF. Cetera Investment Advisers grew its position in shares of 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 valued at $243,000 after buying an additional 27,914 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Global Self Storage by 20.4% in the second quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 3,179 shares during the period. Dimensional Fund Advisors LP boosted its stake in 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 acquiring an additional 2,032 shares during the period. Virtu Financial LLC acquired a new stake in shares of Global Self Storage during the 3rd quarter worth approximately $54,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Global Self Storage during the 3rd quarter worth approximately $197,000. 28.88% of the stock is owned by institutional investors and hedge funds.

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.