Global Self Storage (NASDAQ:SELF) Releases Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Global Self Storage reported Q EPS of $0.03, missing consensus by $0.03, while revenue came in at $3.16 million, slightly above estimates; return on equity was 3.81% and net margin 14.13%.
• The company declared a quarterly dividend of $0.0725 (annualized $0.29), implying a 5.6% yield, but the payout ratio is an unsustainably high 181.25%.
• Shares rose to $5.16 on the news, valuing the company at about $58.5 million with a P/E of 32.25, and analysts currently maintain a consensus Hold rating.

Global Self Storage (NASDAQ:SELF - Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03), FiscalAI reports. Global Self Storage had a return on equity of 3.81% and a net margin of 14.13%.The firm had revenue of $3.16 million for the quarter, compared to analyst estimates of $3.13 million.

Global Self Storage Stock Performance

Shares of Global Self Storage stock traded up $0.06 on Wednesday, reaching $5.16. The company had a trading volume of 16,748 shares, compared to its average volume of 33,110. The firm's 50 day moving average price is $5.06 and its two-hundred day moving average price is $5.05. Global Self Storage has a 52-week low of $4.73 and a 52-week high of $5.89. The firm has a market cap of $58.51 million, a PE ratio of 32.25 and a beta of -0.01.

Global Self Storage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, March 16th. Global Self Storage's payout ratio is 181.25%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Global Self Storage in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Institutional Trading of Global Self Storage

Several institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in Global Self Storage during the third quarter worth $54,000. Private Capital Management LLC purchased a new position in shares of Global Self Storage during the fourth quarter worth $61,000. Goldman Sachs Group Inc. purchased a new position in shares of Global Self Storage during the fourth quarter worth $99,000. Raymond James Financial Inc. grew its stake in shares of 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 buying an additional 3,179 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Global Self Storage in the fourth quarter valued at $118,000. Institutional investors and hedge funds own 28.88% of the company's stock.

About Global Self Storage

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.

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