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

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

Global Self Storage Trading Down 2.2%

Shares of Global Self Storage stock opened at $5.29 on Friday. The business’s fifty day moving average price is $5.22 and its 200 day moving average price is $5.10. Global Self Storage has a twelve month low of $4.73 and a twelve month high of $5.89. The stock has a market capitalization of $60.46 million, a P/E ratio of 31.12 and a beta of 0.02.

Global Self Storage Announces Dividend

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Global Self Storage in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Global Self Storage

A number of large investors have recently modified their holdings of SELF. Susquehanna International Group LLP purchased a new stake in shares of Global Self Storage during the 3rd quarter worth about $159,000. Geode Capital Management LLC raised its holdings in Global Self Storage by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider’s stock valued at $735,000 after buying an additional 2,867 shares during the period. Dimensional Fund Advisors LP lifted its position in Global Self Storage by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock valued at $307,000 after buying an additional 2,032 shares in the last quarter. Cetera Investment Advisers lifted its position 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 valued at $243,000 after buying an additional 27,914 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Global Self Storage during the third quarter worth approximately $197,000. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

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.