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

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

Global Self Storage Trading Down 0.4%

Shares of SELF stock traded down $0.02 during trading hours on Friday, hitting $4.84. 17,569 shares of the company’s stock were exchanged, compared to its average volume of 19,744. Global Self Storage has a 12-month low of $4.80 and a 12-month high of $5.75. The business’s 50 day simple moving average is $5.00 and its 200-day simple moving average is $5.14. The company 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Wednesday, September 16th. Global Self Storage’s payout ratio is currently 161.11%.

Analyst Ratings Changes

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

About Global Self Storage

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.