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

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

Global Self Storage Stock Down 0.4%

Shares of NASDAQ:SELF opened at $4.84 on Friday. The company has a 50-day moving average price of $5.00 and a two-hundred day moving average price of $5.14. Global Self Storage has a twelve month low of $4.80 and a twelve month high of $5.75. The firm has a market capitalization of $55.27 million, a PE ratio of 26.89 and a beta of -0.01.

Global Self Storage Announces Dividend

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

Analyst Ratings Changes

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