Global Self Storage (NASDAQ:SELF) Shares Pass Below 50 Day Moving Average – Time to Sell?

Global Self Storage, Inc. (NASDAQ:SELF)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.27 and traded as low as $5.10. Global Self Storage shares last traded at $5.13, with a volume of 5,977 shares.

Wall Street Analyst Weigh In

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

Global Self Storage Stock Up 0.8%

The company has a market cap of $58.59 million and a price-to-earnings ratio of 30.18. The company’s 50-day moving average is $5.27 and its 200 day moving average is $5.14.

Global Self Storage (NASDAQ:SELF) last released its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $3.17 million for the quarter, compared to analyst estimates of $3.08 million. Global Self Storage had a net margin of 15.37% and a return on equity of 4.19%.

Global Self Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.0725 per share. This represents a $0.29 annualized dividend and a yield of 5.7%. The ex-dividend date is Monday, June 15th. Global Self Storage’s dividend payout ratio (DPR) is currently 170.59%.

Institutional Trading of Global Self Storage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Winmill & CO. Inc. grew its position in Global Self Storage by 14.0% during the fourth quarter. Winmill & CO. Inc. now owns 586,500 shares of the financial services provider’s stock valued at $2,991,000 after buying an additional 71,907 shares during the period. Geode Capital Management LLC grew its position in Global Self Storage by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider’s stock valued at $735,000 after buying an additional 2,867 shares during the period. Dimensional Fund Advisors LP grew its position in Global Self Storage by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock valued at $307,000 after buying an additional 2,032 shares during the period. Easterly Investment Partners LLC acquired a new stake in Global Self Storage during the fourth quarter valued at $250,000. Finally, Cetera Investment Advisers grew its position in Global Self Storage by 158.3% during the second 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 period. Institutional investors and hedge funds own 28.88% of the company’s stock.

About Global Self Storage

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.