Global Self Storage (NASDAQ:SELF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Global Self Storage (NASDAQ:SELF - Free Report) from a hold rating to a buy rating in a research note published on Sunday morning.

Global Self Storage Price Performance

SELF traded down $0.01 on Friday, reaching $5.69. 2,023 shares of the company's stock were exchanged, compared to its average volume of 21,517. The stock's fifty day moving average price is $5.24 and its 200-day moving average price is $5.18. The stock has a market cap of $64.51 million, a PE ratio of 21.07 and a beta of 0.03. Global Self Storage has a twelve month low of $4.60 and a twelve month high of $6.02.

Global Self Storage (NASDAQ:SELF - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $3.13 million during the quarter. Global Self Storage had a net margin of 25.47% and a return on equity of 6.55%.

Global Self Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.0725 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.10%. Global Self Storage's dividend payout ratio (DPR) is presently 138.10%.

Insider Activity

In related news, CEO Mark Campbell Winmill purchased 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average cost of $5.67 per share, for a total transaction of $56,700.00. Following the completion of the acquisition, the chief executive officer now owns 322,838 shares in the company, valued at $1,830,491.46. This trade represents a 3.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.97% of the company's stock.

Institutional Trading of Global Self Storage

A number of institutional investors and hedge funds have recently made changes to their positions in SELF. Financial Gravity Asset Management Inc. acquired a new position in shares of Global Self Storage in the 1st quarter valued at $32,000. Raymond James Financial Inc. acquired a new stake in shares of Global Self Storage in the fourth quarter valued at about $66,000. PFG Investments LLC bought a new position in Global Self Storage during the first quarter worth $103,000. Bailard Inc. acquired a new stake in Global Self Storage in the 4th quarter worth about $126,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of Global Self Storage during the 1st quarter worth approximately $129,000. Institutional investors and hedge funds own 28.88% of the company's stock.

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.