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 for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03), FiscalAI reports. Global Self Storage had a net margin of 16.64% and a return on equity of 4.57%. The company had revenue of $3.24 million during the quarter, compared to analysts’ expectations of $3.16 million.

Global Self Storage Price Performance

NASDAQ SELF traded down $0.02 during trading hours on Friday, reaching $4.84. 17,569 shares of the stock traded hands, compared to its average volume of 19,744. The stock has a 50 day simple moving average of $5.00 and a two-hundred day simple moving average of $5.14. Global Self Storage has a 1 year low of $4.80 and a 1 year high of $5.75. The company has a market cap of $55.27 million, a price-to-earnings ratio of 13.61 and a beta of -0.01.

Global Self Storage Announces Dividend

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

Analysts Set New Price Targets

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