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

Global Self Storage (NASDAQ:SELF) announced its quarterly earnings data on Friday. The financial services provider reported $0.10 EPS for the quarter, reports. The firm had revenue of $3.23 million during the quarter. Global Self Storage had a net margin of 19.56% and a return on equity of 5.23%.

Global Self Storage Stock Up 1.6%

Shares of SELF traded up $0.08 during mid-day trading on Friday, reaching $4.98. The company had a trading volume of 20,083 shares, compared to its average volume of 27,901. The stock has a market capitalization of $56.46 million, a P/E ratio of 22.64 and a beta of 0.01. The stock has a 50 day moving average of $5.04 and a two-hundred day moving average of $5.25. Global Self Storage has a 52-week low of $4.73 and a 52-week high of $5.89.

Global Self Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Tuesday, September 16th. Global Self Storage’s payout ratio is 131.82%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global Self Storage stock. Raymond James Financial Inc. increased its holdings in shares of Global Self Storage, Inc. (NASDAQ:SELF) by 20.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,758 shares of the financial services provider’s stock after acquiring an additional 3,179 shares during the period. Raymond James Financial Inc. owned approximately 0.17% of Global Self Storage worth $100,000 as of its most recent SEC filing. 28.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SELF has been the subject of several research reports. Wall Street Zen downgraded shares of Global Self Storage from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Weiss Ratings lowered Global Self Storage from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Global Self Storage Company Profile

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.