Global Self Storage (NASDAQ:SELF) Announces Earnings Results, Misses Expectations By $0.03 EPS

Global Self Storage (NASDAQ:SELF) announced its earnings results on Friday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03), FiscalAI reports. The firm had revenue of $3.24 million for the quarter, compared to analyst estimates of $3.16 million. Global Self Storage had a return on equity of 4.57% and a net margin of 16.64%.

Global Self Storage Stock Performance

Shares of SELF stock opened at $4.84 on Friday. Global Self Storage has a one year low of $4.80 and a one year high of $5.75. The company has a 50 day moving average price of $5.00 and a 200 day moving average price of $5.14. The firm has a market capitalization of $55.28 million, a price-to-earnings ratio of 26.89 and a beta of -0.01.

Global Self Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Wednesday, September 16th. Global Self Storage’s payout ratio is presently 161.11%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Global Self Storage from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

Global Self Storage Company Profile

Global Self Storage, Inc (NASDAQ:SELF) is a real estate investment trust that owns, operates and manages self-storage facilities in the United States. The company provides storage space for residential, commercial and other customers seeking flexible solutions for personal belongings, business inventory, vehicles and related storage needs.

Its properties generally offer a range of unit sizes and may include climate-controlled storage, vehicle storage, online rental and payment services, security features and tenant insurance or protection programs.