Global Self Storage (NASDAQ:SELF) Announces Quarterly Earnings Results

Global Self Storage (NASDAQ:SELF) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03), FiscalAI reports. The business had revenue of $3.16 million during the quarter, compared to analyst estimates of $3.13 million. Global Self Storage had a return on equity of 3.81% and a net margin of 14.13%.

Global Self Storage Trading Up 1.2%

Global Self Storage stock traded up $0.06 during trading hours on Wednesday, reaching $5.16. 16,751 shares of the stock were exchanged, compared to its average volume of 33,110. Global Self Storage has a twelve month low of $4.73 and a twelve month high of $5.89. The company has a market cap of $58.51 million, a P/E ratio of 32.25 and a beta of -0.01. The stock has a 50 day moving average of $5.06 and a two-hundred day moving average of $5.05.

Global Self Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Monday, March 16th. Global Self Storage’s dividend payout ratio is presently 181.25%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Self Storage in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Institutional Trading of Global Self Storage

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in Global Self Storage in the third quarter valued at approximately $197,000. AlphaCentric Advisors LLC acquired a new position in shares of Global Self Storage during the 4th quarter worth $180,000. Crossingbridge Advisors LLC lifted its position in shares of Global Self Storage by 3,427.1% during the 4th quarter. Crossingbridge Advisors LLC now owns 35,271 shares of the financial services provider’s stock worth $178,000 after buying an additional 34,271 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Global Self Storage in the third quarter valued at about $159,000. Finally, Cetera Investment Advisers grew its position in Global Self Storage by 158.3% in the second quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 27,914 shares during the last quarter. Institutional investors 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.