Global Self Storage (NASDAQ:SELF) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Global Self Storage (NASDAQ:SELF) posted its earnings results on Friday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02), FiscalAI reports. The company had revenue of $3.17 million for the quarter, compared to analyst estimates of $3.08 million. Global Self Storage had a return on equity of 4.34% and a net margin of 16.04%.

Global Self Storage Price Performance

SELF stock opened at $5.29 on Friday. Global Self Storage has a fifty-two week low of $4.73 and a fifty-two week high of $5.89. The stock has a market capitalization of $60.46 million, a price-to-earnings ratio of 31.12 and a beta of 0.02. The business’s fifty day moving average price is $5.22 and its two-hundred day moving average price is $5.10.

Global Self Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.0725 per share. The ex-dividend date was Monday, March 16th. This represents a $0.29 annualized dividend and a yield of 5.5%. Global Self Storage’s dividend payout ratio (DPR) is presently 161.11%.

Hedge Funds Weigh In On Global Self Storage

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Global Self Storage in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, 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.