Global Self Storage (NASDAQ:SELF) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Global Self Storage (NASDAQ:SELF) announced its quarterly earnings data on Friday. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03), FiscalAI reports. Global Self Storage had a return on equity of 4.57% and a net margin of 16.64%. The firm had revenue of $3.24 million during the quarter, compared to analysts’ expectations of $3.16 million.

Global Self Storage Stock Performance

Global Self Storage stock traded down $0.02 during midday trading on Friday, reaching $4.84. 17,569 shares of the stock were exchanged, compared to its average volume of 19,744. The company’s fifty day moving average is $5.00 and its 200-day moving average is $5.14. The firm has a market cap of $55.27 million, a PE ratio of 13.61 and a beta of -0.01. Global Self Storage has a 52 week low of $4.80 and a 52 week high of $5.75.

Global Self Storage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.0725 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.29 annualized dividend and a dividend yield of 6.0%. Global Self Storage’s dividend payout ratio is currently 161.11%.

Analyst Upgrades and Downgrades

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

About Global Self Storage

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.