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Global Self Storage (NASDAQ:SELF) Shares Cross Above Fifty Day Moving Average - What's Next?

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Key Points

  • Global Self Storage shares crossed above their 50-day moving average, reaching $5.22 before closing at $5.15, compared with a 50-day average of $5.14.
  • The company reported quarterly EPS of $0.09, exceeding the $0.06 consensus estimate, while revenue of $3.21 million also topped expectations.
  • Global Self Storage maintains a quarterly dividend of $0.0725, or $0.29 annually, equating to a 5.6% yield; analysts and Weiss Ratings remain broadly neutral with a “Hold” view.
  • MarketBeat previews the top five stocks to own by September 1st.

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.14 and traded as high as $5.22. Global Self Storage shares last traded at $5.15, with a volume of 42,108 shares.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on SELF

Global Self Storage Price Performance

The stock has a market cap of $58.81 million and a PE ratio of 30.29. The stock's fifty day moving average is $5.14 and its 200-day moving average is $5.16.

Global Self Storage (NASDAQ:SELF - Get Free Report) last issued its earnings results on Friday, August 7th. The financial services provider reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. Global Self Storage had a net margin of 15.37% and a return on equity of 4.19%. The company had revenue of $3.21 million for the quarter, compared to the consensus estimate of $3.15 million.

Global Self Storage Announces Dividend

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

Institutional Investors Weigh In On Global Self Storage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in shares of Global Self Storage by 158.3% in the 2nd quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider's stock valued at $243,000 after purchasing an additional 27,914 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Global Self Storage by 20.4% during the 2nd quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider's stock worth $100,000 after purchasing an additional 3,179 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Global Self Storage by 3.4% in the 3rd 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. Virtu Financial LLC purchased a new stake in Global Self Storage in the 3rd quarter valued at about $54,000. Finally, Citadel Advisors LLC acquired a new position in Global Self Storage in the third quarter valued at about $197,000. Institutional investors and hedge funds own 28.88% of the company's stock.

Global Self Storage Company Profile

(Get Free Report)

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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