Global Self Storage (NASDAQ:SELF) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Global Self Storage (NASDAQ:SELF) posted its earnings results on Friday. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03, reports. The company had revenue of $3.21 million during the quarter, compared to analysts’ expectations of $3.15 million. Global Self Storage had a net margin of 15.37% and a return on equity of 4.19%.

Global Self Storage Price Performance

Shares of NASDAQ SELF opened at $5.15 on Friday. The stock’s fifty day moving average price is $5.14 and its two-hundred day moving average price is $5.16. Global Self Storage has a one year low of $4.73 and a one year high of $5.63. The firm has a market cap of $58.81 million and a price-to-earnings ratio of 30.29.

Global Self Storage Dividend Announcement

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

Institutional Investors Weigh In On Global Self Storage

A number of hedge funds and other institutional investors have recently modified their holdings of SELF. Virtu Financial LLC acquired a new position in shares of Global Self Storage in the third quarter valued at about $54,000. Private Capital Management LLC acquired a new stake in Global Self Storage in the 4th quarter worth about $61,000. Goldman Sachs Group Inc. bought a new stake in Global Self Storage in the 4th quarter valued at about $99,000. Raymond James Financial Inc. boosted its holdings in Global Self Storage by 20.4% in the 2nd quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 3,179 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Global Self Storage during the 4th quarter worth approximately $118,000. Institutional investors and hedge funds own 28.88% of the company’s stock.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Global Self Storage has an average rating of “Hold”.

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.