StorageVault Canada Inc. Purchases 10,200 Shares of StorageVault Canada Inc. (TSE:SVI) Stock

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. bought 10,200 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of C$3.97 per share, with a total value of C$40,446.06.

StorageVault Canada Inc. also recently made the following trade(s):

• On Friday, January 17th, StorageVault Canada Inc. bought 50,000 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$3.95 per share, with a total value of C$197,440.00.

StorageVault Canada Trading Down 2.4 %

Shares of StorageVault Canada stock traded down C$0.09 during trading hours on Thursday, reaching C$3.66. 109,439 shares of the company’s stock were exchanged, compared to its average volume of 442,874. The firm has a market capitalization of C$1.35 billion, a price-to-earnings ratio of -26.64 and a beta of 0.89. The company has a fifty day moving average of C$3.87 and a 200-day moving average of C$4.09. StorageVault Canada Inc. has a 52-week low of C$3.53 and a 52-week high of C$5.26.

StorageVault Canada Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.0029 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.01 annualized dividend and a yield of 0.32%. StorageVault Canada’s dividend payout ratio is currently -7.28%.

Analysts Set New Price Targets

Several research firms have commented on SVI. CIBC reduced their price objective on StorageVault Canada from C$5.00 to C$4.75 in a research note on Monday, February 24th. Canaccord Genuity Group raised StorageVault Canada from a “hold” rating to a “buy” rating and reduced their price objective for the company from C$5.00 to C$4.50 in a research note on Monday, February 24th. Scotiabank dropped their target price on StorageVault Canada from C$5.50 to C$5.25 in a research report on Thursday, January 30th. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a research report on Tuesday, December 17th. Finally, Raymond James upgraded StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$5.47.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.