Global Self Storage (NASDAQ:SELF) Share Price Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• Global Self Storage shares rose above their 50-day moving average, reaching $5.59 before closing at $5.55, up 2.6%. The company has a market capitalization of approximately $63.4 million and a P/E ratio of 30.83.
• Weiss Ratings upgraded the stock from “hold” to “buy,” while the sole tracked analyst also rates it a Buy. Global Self Storage recently exceeded quarterly expectations, reporting $0.07 in EPS versus $0.06 expected and revenue of $3.21 million.
• The REIT pays a quarterly dividend of $0.0725 per share, equivalent to an annualized $0.29 dividend and a 5.2% yield. However, its payout ratio is high at 161.11%, which may raise questions about dividend sustainability.

Shares of Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.17 and traded as high as $5.59. Global Self Storage shares last traded at $5.55, with a volume of 53,010 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Global Self Storage from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy".

Global Self Storage Trading Up 2.6%

The company has a 50 day moving average price of $5.17 and a 200-day moving average price of $5.17. The company has a market cap of $63.39 million and a P/E ratio of 30.83.

Global Self Storage (NASDAQ:SELF - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The company had revenue of $3.21 million during the quarter, compared to analysts' expectations of $3.15 million. Global Self Storage had a return on equity of 4.57% and a net margin of 16.64%.

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 paid a dividend of $0.0725 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.29 annualized dividend and a yield of 5.2%. Global Self Storage's payout ratio is presently 161.11%.

Institutional Investors Weigh In On Global Self Storage

A number of hedge funds have recently made changes to their positions in SELF. Virtu Financial LLC acquired a new position in Global Self Storage during the 3rd quarter worth approximately $54,000. Private Capital Management LLC acquired a new stake in shares of Global Self Storage during the 4th quarter valued at $61,000. Bard Associates Inc. acquired a new stake in shares of Global Self Storage during the 2nd quarter valued at $82,000. Hsbc Holdings PLC bought a new stake in Global Self Storage during the 2nd quarter worth $88,000. Finally, Goldman Sachs Group Inc. bought a new stake in Global Self Storage during the 4th quarter worth $99,000. 28.88% of the stock is currently owned by institutional investors and hedge funds.

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.

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