Global Self Storage (NASDAQ:SELF) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Global Self Storage, Inc. (NASDAQ:SELF)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.12 and traded as low as $5.01. Global Self Storage shares last traded at $5.06, with a volume of 30,494 shares trading hands.

Analysts Set New Price Targets

Separately, Alliance Global Partners assumed coverage on Global Self Storage in a report on Friday, October 18th. They issued a “buy” rating and a $6.50 price target on the stock.

Global Self Storage Stock Down 0.6 %

The stock’s 50 day moving average price is $5.12 and its 200-day moving average price is $4.91. The stock has a market capitalization of $56.98 million, a PE ratio of 26.63 and a beta of 0.25.

Global Self Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th were paid a $0.072 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.29 dividend on an annualized basis and a yield of 5.69%. Global Self Storage’s dividend payout ratio is currently 152.63%.

Institutional Trading of Global Self Storage

Several institutional investors and hedge funds have recently modified their holdings of SELF. Core Wealth Partners LLC bought a new position in shares of Global Self Storage during the 1st quarter worth $44,000. Dimensional Fund Advisors LP grew 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 buying an additional 2,152 shares in the last quarter. Finally, Northwest Capital Management Inc bought a new position in shares of Global Self Storage during the 3rd quarter worth $4,734,000. Institutional investors own 28.88% of the company’s stock.

Global Self Storage Company Profile

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.