Global Self Storage (NASDAQ:SELF) Posts Earnings Results, Misses Expectations 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. The company had revenue of $3.17 million for the quarter, compared to analyst estimates of $3.08 million. Global Self Storage had a net margin of 16.04% and a return on equity of 4.34%.

Global Self Storage Trading Down 2.2%

NASDAQ SELF opened at $5.29 on Friday. The business’s 50-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 company has a market capitalization of $60.46 million, a PE ratio of 31.12 and a beta of 0.02.

Global Self Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 is 161.11%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Self Storage in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Hedge Funds Weigh In On Global Self Storage

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Global Self Storage by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider’s stock worth $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 worth $307,000 after buying an additional 2,032 shares during the period. 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 worth $243,000 after buying an additional 27,914 shares during the period. Citadel Advisors LLC purchased a new position in Global Self Storage during the third quarter worth about $197,000. Finally, AlphaCentric Advisors LLC purchased a new position in Global Self Storage during the fourth quarter worth about $180,000. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

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.