Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 16,500 shares, an increase of 18.7% from the November 30th total of 13,900 shares. Based on an average trading volume of 16,400 shares, the days-to-cover ratio is presently 1.0 days.
Wall Street Analysts Forecast Growth
Separately, Alliance Global Partners started coverage on shares of Global Self Storage in a research note on Friday, October 18th. They set a "buy" rating and a $6.50 price target on the stock.
Get Our Latest Analysis on Global Self Storage
Global Self Storage Stock Performance
NASDAQ:SELF traded up $0.05 during mid-day trading on Tuesday, reaching $5.33. The stock had a trading volume of 10,097 shares, compared to its average volume of 33,433. The business has a 50 day simple moving average of $5.14 and a 200 day simple moving average of $5.06. Global Self Storage has a twelve month low of $4.01 and a twelve month high of $5.85. The firm has a market capitalization of $60.07 million, a price-to-earnings ratio of 19.74 and a beta of 0.26.
Global Self Storage Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a dividend of $0.0725 per share. The ex-dividend date was Monday, December 16th. This represents a $0.29 dividend on an annualized basis and a yield of 5.44%. This is an increase from Global Self Storage's previous quarterly dividend of $0.07. Global Self Storage's payout ratio is currently 107.41%.
Institutional Investors Weigh In On Global Self Storage
Institutional investors have recently modified their holdings of the company. Northwest Capital Management Inc acquired a new stake in Global Self Storage in the 3rd quarter valued at about $4,734,000. Crossingbridge Advisors LLC purchased a new stake in shares of Global Self Storage in the third quarter valued at about $526,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Global Self Storage by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider's stock worth $272,000 after purchasing an additional 2,152 shares during the last quarter. Hedge funds and other institutional investors own 28.88% of the company's stock.
Global Self Storage Company Profile
(
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Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.
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