6 stories mentioning SVI.TOUpdated 21m ago
Every FINWIRES story that references SVI.TO, newest first.
StorageVault Canada (SVI.TO) on Monday said it raised its quarterly dividend by 0.5% to $0.003021 per share.The dividend will be payable on July 15 to shareholders of record on June 30.Price: $4.73, Change: $+0.03, Percent Change: +0.64%
CIBC Capital Markets maintained its neutral rating and target price of $5.50 on the shares of StorageVault Canada (SVI.TO) after the company reported its first-quarter financial results on Wednesday.StorageVault's first-quarter results "were broadly in line with expectations and confirm the stability of the core self-storage platform," said CIBC. Progress on leasing vacant units and integrating recent expansions continues, although seasonal margin pressure and softer conditions in portable storage slightly tempered Q1 results, the bank noted."Overall, we continue to view SVI's long-term growth strategy and balance-sheet positioning favourably, underpinned by a resilient core self-storage platform and a disciplined approach to capital allocation," said analyst Dean Wilkinson. "That said, with limited near-term catalysts (slowing population growth) and a valuation broadly in line with its U.S. peers, we are comfortable maintaining a neutral stance on the stock at current levels."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $4.64, Change: $+0.11, Percent Change: +2.43%
