Benjamin Harris Sells 30,000 Shares of StorageVault Canada Inc. (TSE:SVI) Stock

StorageVault Canada Inc. (TSE:SVI - Get Free Report) Director Benjamin Harris sold 30,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of C$3.78, for a total transaction of C$113,439.00.

StorageVault Canada Stock Up 0.8 %

SVI traded up C$0.03 during mid-day trading on Friday, reaching C$3.86. 78,024 shares of the company traded hands, compared to its average volume of 403,771. The company's fifty day moving average price is C$3.82 and its 200-day moving average price is C$3.91. The stock has a market capitalization of C$1.42 billion, a P/E ratio of -28.09 and a beta of 0.89. StorageVault Canada Inc. has a 52-week low of C$3.53 and a 52-week high of C$5.26.

StorageVault Canada Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.0029 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Monday, March 31st. StorageVault Canada's dividend payout ratio (DPR) is presently -7.28%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SVI. CIBC reduced their price objective on StorageVault Canada from C$4.75 to C$4.25 in a research report on Friday, April 25th. Canaccord Genuity Group raised StorageVault Canada from a "hold" rating to a "buy" rating and lowered their price target for the stock from C$5.00 to C$4.50 in a research report on Monday, February 24th. Raymond James increased their price objective on shares of StorageVault Canada from C$4.70 to C$4.75 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Desjardins decreased their target price on shares of StorageVault Canada from C$4.75 to C$4.25 and set a "hold" rating for the company in a report on Monday, April 28th. Finally, Scotiabank cut their price target on shares of StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, StorageVault Canada currently has an average rating of "Moderate Buy" and a consensus target price of C$5.13.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company's property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.