By Ketki Saxena
Investing.com -- StorageVault Canada saw a reduction in its target price from C$7.50 to C$6.50 by the Royal Bank of Canada (TSX:RY), as reported on Friday. The news follows a series of similar adjustments made by other equity research analysts last week. Scotiabank (TSX:BNS) also reduced their target price for StorageVault Canada from C$7.00 to C$6.50 on Friday, while TD (TSX:TD) Securities dropped their price objective from C$7.50 to C$7.00 on Thursday.
Furthermore, National Bank Financial downgraded StorageVault Canada to a sector perform rating, and Raymond James shifted their rating from outperform to market perform on Monday, July 17th.
The business also recently announced an increase in its dividend. On Monday, July 17th, stockholders of record as of Friday, June 30th were issued a dividend of $0.0021 per share, marking an increase from StorageVault Canada's previous dividend of $0.00. This represents a dividend yield of 0.2%.
In terms of price performance, shares of SVAUF traded at C$4.91. The company's 50-day moving average price stands at $4.33 and its 200-day moving average price is $4.48. Over the past year, StorageVault Canada has experienced a low of $3.66 and a high of $5.30.
StorageVault Canada Inc owns and manages self-storage and portable storage spaces across Canada through three segments: Self Storage, Portable Storage, and Management Fees. The company manages 34 stores owned by third parties and provides document storage and management services for customers.