Global Self Storage (NASDAQ:SELF) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Global Self Storage, Inc. (NASDAQ:SELF) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.16 and traded as low as $5.15. Global Self Storage shares last traded at $5.18, with a volume of 8,990 shares traded.

Analysts Set New Price Targets

Separately, Alliance Global Partners assumed coverage on Global Self Storage in a research note on Friday, October 18th. They issued a “buy” rating and a $6.50 price objective for the company.

Global Self Storage Trading Up 0.1 %

The stock has a 50 day moving average of $5.16 and a 200-day moving average of $5.12. The stock has a market capitalization of $58.32 million, a P/E ratio of 19.17 and a beta of 0.24.

Global Self Storage (NASDAQ:SELF) last issued its earnings results on Friday, November 8th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. Global Self Storage had a net margin of 25.47% and a return on equity of 6.55%. The firm had revenue of $3.20 million during the quarter.

Global Self Storage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a dividend of $0.0725 per share. This represents a $0.29 annualized dividend and a dividend yield of 5.60%. The ex-dividend date was Monday, December 16th. This is an increase from Global Self Storage’s previous quarterly dividend of $0.07. Global Self Storage’s payout ratio is currently 107.41%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Global Self Storage by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock worth $272,000 after buying an additional 2,152 shares in the last quarter. Baker Ellis Asset Management LLC lifted its stake in Global Self Storage by 20.0% in the fourth quarter. Baker Ellis Asset Management LLC now owns 24,000 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 4,000 shares during the period. AlphaCentric Advisors LLC bought a new position in Global Self Storage during the 4th quarter worth about $270,000. Crossingbridge Advisors LLC purchased a new position in Global Self Storage during the 3rd quarter valued at about $526,000. Finally, Northwest Capital Management Inc bought a new stake in shares of Global Self Storage in the 3rd quarter valued at about $4,734,000. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

Global Self Storage Company Profile

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.