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

Key Points

• Global Self Storage reported earnings of $0.10 EPS for the quarter, with a return on equity of 5.07% and a net margin of 19.12%.
• The company declared a quarterly dividend of $0.0725 per share, which translates to an annualized dividend of $0.29 and a yield of 5.5%.
• Analysts downgraded Global Self Storage's rating from "buy" to "hold", indicating potential caution in its investment outlook.

Global Self Storage (NASDAQ:SELF - Get Free Report) announced its quarterly earnings data on Friday. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, Zacks reports. Global Self Storage had a return on equity of 5.23% and a net margin of 19.56%. The business had revenue of $3.19 million during the quarter.

Global Self Storage Stock Performance

Shares of SELF traded down $0.03 on Wednesday, hitting $5.25. 2,802 shares of the stock traded hands, compared to its average volume of 26,272. Global Self Storage has a one year low of $4.78 and a one year high of $5.89. The company has a market capitalization of $59.47 million, a PE ratio of 23.84 and a beta of 0.05. The business has a 50 day simple moving average of $5.39 and a 200 day simple moving average of $5.26.

Global Self Storage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.0725 per share. The ex-dividend date was Monday, June 16th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.5%. Global Self Storage's dividend payout ratio is presently 131.82%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Global Self Storage from a "buy" rating to a "hold" rating in a report on Saturday, July 12th.

Insiders Place Their Bets

In other Global Self Storage news, CEO Mark Campbell Winmill bought 10,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were acquired at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the purchase, the chief executive officer owned 322,838 shares in the company, valued at approximately $1,830,491.46. This trade represents a 3.20% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global Self Storage stock. Cetera Investment Advisers lifted its holdings in shares of Global Self Storage, Inc. (NASDAQ:SELF - Free Report) by 158.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,552 shares of the financial services provider's stock after buying an additional 27,914 shares during the period. Cetera Investment Advisers owned approximately 0.40% of Global Self Storage worth $243,000 at the end of the most recent reporting period. Institutional investors own 28.88% of the company's stock.

About Global Self Storage

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.