Global Self Storage (NASDAQ:SELF) Shares Cross Below 50-Day Moving Average - What's Next?

Key Points

• Global Self Storage shares fell below their 50-day moving average, trading as low as $4.85 versus the $5.19 average; the stock was down 1.2% with a market capitalization of approximately $55.4 million.
• Analyst sentiment is cautious: Weiss Ratings downgraded the stock from “buy” to “hold,” while the sole tracked analyst also rates it “Hold.”
• The company reported quarterly EPS of $0.07, topping estimates by $0.01, and maintains a quarterly dividend of $0.0725 per share, equivalent to a 6.0% annualized yield.

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report)'s share price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $5.19 and traded as low as $4.85. Global Self Storage shares last traded at $4.85, with a volume of 51,415 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Global Self Storage from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Global Self Storage has an average rating of "Hold".

Global Self Storage Stock Down 1.2%

The stock's 50-day simple moving average is $5.19 and its 200 day simple moving average is $5.20. The company has a market cap of $55.39 million, a price-to-earnings ratio of 26.94 and a beta of -0.02.

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

Global Self Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a dividend of $0.0725 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.29 annualized dividend and a yield of 6.0%. Global Self Storage's dividend payout ratio is presently 161.11%.

Institutional Trading of Global Self Storage

A number of institutional investors and hedge funds have recently bought and sold shares of SELF. BlackRock Inc. acquired a new position in shares of Global Self Storage in the second quarter valued at approximately $2,083,000. Winmill & CO. Inc. acquired a new stake in Global Self Storage during the 2nd quarter worth approximately $3,073,000. Man Group plc purchased a new position in Global Self Storage in the 2nd quarter valued at approximately $140,000. Hsbc Holdings PLC purchased a new position in Global Self Storage in the 2nd quarter valued at approximately $88,000. Finally, Bard Associates Inc. purchased a new stake in shares of Global Self Storage during the second quarter worth $82,000. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

Global Self Storage Company Profile

Global Self Storage, Inc NASDAQ: SELF is a real estate investment trust that owns, operates and manages self-storage facilities in the United States. The company provides storage space for household and business customers, with facilities offering units in a range of sizes and, at select locations, vehicle and outdoor storage.

In addition to traditional self-storage rentals, Global Self Storage's services may include online reservations and payments, tenant insurance options, and the sale of moving and packing supplies.

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