Global Self Storage (NASDAQ:SELF) Announces Quarterly Earnings Results

Global Self Storage (NASDAQ:SELF) announced its quarterly earnings results on Friday. The financial services provider reported $0.10 EPS for the quarter, Zacks reports. Global Self Storage had a return on equity of 5.23% and a net margin of 19.56%.

Global Self Storage Stock Up 1.6%

Global Self Storage stock traded up $0.08 on Friday, hitting $4.98. The company’s stock had a trading volume of 20,083 shares, compared to its average volume of 27,901. The firm has a market cap of $56.46 million, a P/E ratio of 22.64 and a beta of 0.01. Global Self Storage has a one year low of $4.73 and a one year high of $5.89. The company has a fifty day moving average price of $5.04 and a 200-day moving average price of $5.25.

Global Self Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $0.0725 per share. This represents a $0.29 annualized dividend and a yield of 5.8%. The ex-dividend date was Tuesday, September 16th. Global Self Storage’s payout ratio is currently 131.82%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SELF shares. Weiss Ratings cut shares of Global Self Storage from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Global Self Storage from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Global Self Storage currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global Self Storage stock. Cetera Investment Advisers boosted its stake in Global Self Storage, Inc. (NASDAQ:SELF) by 158.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,552 shares of the financial services provider’s stock after purchasing an additional 27,914 shares during the quarter. Cetera Investment Advisers owned about 0.40% of Global Self Storage worth $243,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 28.88% of the company’s stock.

Global Self Storage Company Profile

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.