Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.11 and traded as high as $5.22. Global Self Storage shares last traded at $5.21, with a volume of 14,327 shares.
Analyst Ratings Changes
Separately, Alliance Global Partners started coverage on shares of Global Self Storage in a research report on Friday, October 18th. They issued a "buy" rating and a $6.50 target price for the company.
View Our Latest Research Report on Global Self Storage
Global Self Storage Price Performance
The company has a market capitalization of $59.05 million, a PE ratio of 19.30 and a beta of 0.26. The company has a 50 day moving average of $5.11 and a two-hundred day moving average of $5.05.
Global Self Storage Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Global Self Storage's previous quarterly dividend of $0.07. Global Self Storage's dividend payout ratio is 107.41%.
Hedge Funds Weigh In On Global Self Storage
Several large investors have recently made changes to their positions in SELF. Dimensional Fund Advisors LP boosted its stake in shares of Global Self Storage by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider's stock worth $272,000 after buying an additional 2,152 shares during the last quarter. Crossingbridge Advisors LLC purchased a new position in Global Self Storage during the 3rd quarter worth $526,000. Finally, Northwest Capital Management Inc purchased a new stake in shares of Global Self Storage during the 3rd quarter worth $4,734,000. 28.88% of the stock is currently owned by hedge funds and other institutional investors.
Global Self Storage Company Profile
(
Get Free Report)
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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