StorageVault Canada (TSE:SVI) Downgraded by Desjardins

Desjardins cut shares of StorageVault Canada (TSE:SVI) from a moderate buy rating to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.

Separately, National Bank Financial upgraded shares of StorageVault Canada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 17th.

StorageVault Canada Price Performance

Shares of SVI stock opened at C$4.19 on Thursday. The company has a market cap of C$1.56 billion, a price-to-earnings ratio of -52.38 and a beta of 0.89. StorageVault Canada has a 1 year low of C$3.90 and a 1 year high of C$5.50. The firm has a fifty day moving average price of C$4.83 and a 200-day moving average price of C$4.75.

StorageVault Canada (TSE:SVI) last released its quarterly earnings results on Wednesday, October 23rd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.08). StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%. The company had revenue of C$78.96 million for the quarter.

StorageVault Canada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.292 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.17 annualized dividend and a dividend yield of 27.88%. This is a boost from StorageVault Canada’s previous quarterly dividend of $0.29. StorageVault Canada’s dividend payout ratio (DPR) is currently -12.50%.

StorageVault Canada Company Profile

StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space to individual and commercial customers in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages various stores owned by third parties; and stores, shreds, and manages documents and records for customers.