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

Global Self Storage (NASDAQ:SELF) released 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 analyst estimates 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 Price Performance

SELF stock opened at $5.15 on Friday. Global Self Storage has a 1 year low of $4.73 and a 1 year high of $5.63. The firm has a market capitalization of $58.82 million and a PE ratio of 28.61. The business has a 50 day simple moving average of $5.14 and a 200-day simple moving average of $5.16.

Global Self Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.0725 per share. This represents a $0.29 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Monday, June 15th. Global Self Storage’s payout ratio is currently 161.11%.

Hedge Funds Weigh In On Global Self Storage

A number of institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in shares of Global Self Storage in the 3rd quarter valued at $197,000. Private Capital Management LLC acquired a new position in shares of Global Self Storage in the 4th quarter worth approximately $61,000. Geode Capital Management LLC increased its holdings in Global Self Storage by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider’s stock valued at $735,000 after purchasing an additional 2,867 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Global Self Storage by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 2,032 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Global Self Storage by 158.3% during the second quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 27,914 shares in the last quarter. 28.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Global Self Storage Company Profile

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.