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

Global Self Storage (NASDAQ:SELF) posted its quarterly earnings data on Friday. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01, FiscalAI reports. Global Self Storage had a return on equity of 4.19% and a net margin of 15.37%.The company had revenue of $3.21 million for the quarter, compared to analysts’ expectations of $3.15 million.

Global Self Storage Stock Performance

Shares of NASDAQ:SELF traded down $0.13 during midday trading on Friday, hitting $5.15. The company’s stock had a trading volume of 42,108 shares, compared to its average volume of 23,934. The company has a market cap of $58.81 million and a P/E ratio of 30.29. Global Self Storage has a 12-month low of $4.73 and a 12-month high of $5.63. The business’s 50 day simple moving average is $5.14 and its 200 day simple moving average is $5.16.

Global Self Storage Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Trading of Global Self Storage

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in shares of Global Self Storage by 3.4% during the 3rd 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 during the period. Geode Capital Management LLC grew its position 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 worth $735,000 after acquiring an additional 2,867 shares during the period. Raymond James Financial Inc. grew its position in Global Self Storage by 20.4% in the second quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 3,179 shares during the period. NewEdge Advisors LLC grew its position in Global Self Storage by 54.5% in the third quarter. NewEdge Advisors LLC now owns 24,100 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 8,500 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Global Self Storage during the third quarter worth $54,000. Institutional investors and hedge funds own 28.88% of the company’s stock.

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.