Global Self Storage, Inc. (NASDAQ:SELF – Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.27 and traded as low as $5.10. Global Self Storage shares last traded at $5.13, with a volume of 5,977 shares trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Global Self Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Get Our Latest Research Report on SELF
Global Self Storage Price Performance
Global Self Storage (NASDAQ:SELF – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $3.17 million during the quarter, compared to analysts’ expectations of $3.08 million. Global Self Storage had a return on equity of 4.19% and a net margin of 15.37%.
Global Self Storage Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.0725 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.7%. Global Self Storage’s dividend payout ratio (DPR) is currently 170.59%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SELF. Virtu Financial LLC purchased a new position in shares of Global Self Storage in the third quarter worth $54,000. Private Capital Management LLC purchased a new position in shares of Global Self Storage during the fourth quarter worth $61,000. Hsbc Holdings PLC purchased a new position in shares of Global Self Storage during the first quarter worth $88,000. Goldman Sachs Group Inc. purchased a new position in shares of Global Self Storage during the fourth quarter worth $99,000. Finally, Raymond James Financial Inc. raised its holdings in shares of Global Self Storage by 20.4% during the second quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 3,179 shares during the last quarter. Hedge funds and other institutional investors own 28.88% of the company’s stock.
About Global Self Storage
Global Self Storage, Inc (NASDAQ: SELF) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and acquisition of self storage properties across the United States. Headquartered in Denver, Colorado, the company focuses on delivering storage solutions tailored to both personal and commercial customers. Since its formation in 2012, Global Self Storage has built a diversified portfolio designed to meet a range of storage needs—from climate-controlled units to vehicle and business storage options.
The company’s primary business activities include the development of new facilities, the strategic acquisition of existing properties and the repositioning of underperforming assets.
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