StorageVault Canada Inc. (SVI) To Go Ex-Dividend on March 31st

StorageVault Canada Inc. (TSE:SVI) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.0029 per share on Tuesday, April 15th. This represents a $0.01 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Monday, March 31st.

StorageVault Canada Stock Performance

Shares of SVI traded down C$0.03 during trading hours on Friday, reaching C$3.93. 642,503 shares of the company traded hands, compared to its average volume of 464,104. StorageVault Canada has a 1-year low of C$3.55 and a 1-year high of C$5.29. The stock has a market cap of C$1.45 billion, a P/E ratio of -28.60 and a beta of 0.89. The stock’s fifty day moving average is C$3.87 and its 200 day moving average is C$4.17.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. CIBC decreased their price target on shares of StorageVault Canada from C$5.00 to C$4.75 in a research note on Monday, February 24th. Raymond James raised shares of StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. Cibc World Mkts raised StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. Scotiabank cut their target price on StorageVault Canada from C$5.50 to C$5.25 in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group upgraded StorageVault Canada from a “hold” rating to a “buy” rating and lowered their price target for the company from C$5.00 to C$4.50 in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$5.47.

Insider Activity

In related news, insider StorageVault Canada Inc. bought 50,000 shares of StorageVault Canada stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of C$3.95 per share, with a total value of C$197,440.00. 38.49% of the stock is currently owned by company insiders.

StorageVault Canada Company Profile

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.