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

Global Self Storage, Inc. (NASDAQ:SELF)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.06 and traded as high as $5.19. Global Self Storage shares last traded at $5.09, with a volume of 32,246 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Global Self Storage in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Global Self Storage presently has a consensus rating of “Hold”.

Global Self Storage Trading Down 0.2%

The company has a market cap of $57.72 million, a price-to-earnings ratio of 31.81 and a beta of -0.01. The business’s 50 day moving average price is $5.06 and its 200-day moving average price is $5.06.

Global Self Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.0725 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.29 annualized dividend and a dividend yield of 5.7%. Global Self Storage’s dividend payout ratio (DPR) is currently 181.25%.

Hedge Funds Weigh In On Global Self Storage

Several hedge funds and other institutional investors have recently made changes to their positions in SELF. Winmill & CO. Inc. raised its holdings in shares of Global Self Storage by 14.0% during the 4th quarter. Winmill & CO. Inc. now owns 586,500 shares of the financial services provider’s stock worth $2,991,000 after buying an additional 71,907 shares in the last quarter. Geode Capital Management LLC boosted its stake in Global Self Storage by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider’s stock valued at $735,000 after buying an additional 2,867 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Global Self Storage by 3.4% in the third 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 in the last quarter. Easterly Investment Partners LLC bought a new position in Global Self Storage in the fourth quarter valued at about $250,000. Finally, Cetera Investment Advisers grew its position in Global Self Storage by 158.3% in the second quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 27,914 shares during the last quarter. 28.88% of the stock is currently owned by institutional investors and hedge funds.

Global Self Storage Company Profile

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.