Global Self Storage, Inc. (NASDAQ:SELF) Announces $0.07 Quarterly Dividend

Global Self Storage, Inc. (NASDAQ:SELF) declared a quarterly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.0725 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Monday, June 15th.

Global Self Storage has increased its dividend payment by an average of 0.0%per year over the last three years.

Global Self Storage Stock Down 0.2%

SELF stock opened at $5.15 on Tuesday. The firm has a market capitalization of $58.82 million, a PE ratio of 30.29 and a beta of 0.02. Global Self Storage has a twelve month low of $4.73 and a twelve month high of $5.83. The stock’s 50 day moving average is $5.26 and its 200-day moving average is $5.14.

Global Self Storage (NASDAQ:SELF) last released its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Global Self Storage had a net margin of 15.37% and a return on equity of 4.19%. The company had revenue of $3.17 million during the quarter, compared to analysts’ expectations of $3.08 million.

Analysts Set New Price Targets

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