Global Self Storage (NASDAQ:SELF) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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

Global Self Storage Trading Down 2.5%

Global Self Storage stock traded down $0.13 during midday trading on Friday, reaching $5.15. The stock had a trading volume of 42,108 shares, compared to its average volume of 23,934. Global Self Storage has a 12 month low of $4.73 and a 12 month high of $5.63. The company has a market capitalization of $58.81 million and a P/E ratio of 30.29. The company has a fifty day moving average price of $5.14 and a two-hundred day moving average price of $5.16.

Global Self Storage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Monday, June 15th. Global Self Storage’s payout ratio is presently 170.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 2,032 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 2,867 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of 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 purchasing an additional 3,179 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of 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 purchasing an additional 8,500 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Global Self Storage in the third quarter valued at approximately $54,000. Institutional investors own 28.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Global Self Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Global Self Storage Company Profile

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.