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

Global Self Storage (NASDAQ:SELF) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.03 EPS 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 analysts’ expectations of $3.13 million. Global Self Storage had a net margin of 16.04% and a return on equity of 4.32%.

Global Self Storage Price Performance

Global Self Storage stock opened at $5.12 on Friday. Global Self Storage has a 1-year low of $4.73 and a 1-year high of $5.89. The stock has a market cap of $58.05 million, a PE ratio of 28.45 and a beta of -0.01. The stock’s fifty day moving average is $5.06 and its two-hundred day moving average is $5.05.

Global Self Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.0725 dividend. This represents a $0.29 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Monday, March 16th. Global Self Storage’s dividend payout ratio is 161.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Global Self Storage during the 3rd quarter worth about $54,000. Private Capital Management LLC acquired a new position in Global Self Storage in the fourth quarter valued at approximately $61,000. Raymond James Financial Inc. boosted its holdings in 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 valued at $100,000 after purchasing an additional 3,179 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Global Self Storage in the fourth quarter valued at approximately $99,000. Finally, Commonwealth Equity Services LLC purchased a new position in Global Self Storage in the fourth quarter valued at approximately $118,000. 28.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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