Global Self Storage (NASDAQ:SELF) Announces Earnings Results, Beats Expectations By $0.01 EPS

Global Self Storage (NASDAQ:SELFGet Free Report) posted its quarterly earnings data on Friday. The financial services provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01, FiscalAI reports. The business had revenue of $3.21 million during the quarter, compared to the consensus estimate of $3.15 million. Global Self Storage had a return on equity of 4.19% and a net margin of 15.37%.

Global Self Storage Stock Performance

Shares of NASDAQ:SELF traded down $0.13 during trading on Friday, reaching $5.15. The stock had a trading volume of 42,108 shares, compared to its average volume of 23,934. The firm’s fifty day moving average is $5.14 and its 200 day moving average is $5.16. Global Self Storage has a 52 week low of $4.73 and a 52 week high of $5.63. The stock has a market cap of $58.81 million and a price-to-earnings ratio of 30.29.

Global Self Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, June 15th. Global Self Storage’s dividend payout ratio is currently 170.59%.

Hedge Funds Weigh In On Global Self Storage

A number of hedge funds have recently bought and sold shares of the company. Private Capital Management LLC acquired a new position in Global Self Storage in the fourth quarter valued at $61,000. Royal Bank of Canada acquired a new stake in Global Self Storage during the 4th quarter worth about $129,000. Crossingbridge Advisors LLC raised its position in shares of Global Self Storage by 3,427.1% in the 4th quarter. Crossingbridge Advisors LLC now owns 35,271 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 34,271 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Global Self Storage in the 4th quarter worth about $118,000. Finally, AlphaCentric Advisors LLC bought a new position in shares of Global Self Storage in the 4th quarter worth about $180,000. Institutional investors own 28.88% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Global Self Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Read Our Latest Report on Global Self Storage

Global Self Storage Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Global Self Storage (NASDAQ:SELF)

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