Global Self Storage (NASDAQ:SELF) Lowered to "Hold" Rating by Wall Street Zen

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

Global Self Storage Trading Down 0.4%

Shares of SELF stock traded down $0.02 on Friday, reaching $5.33. 13,542 shares of the stock were exchanged, compared to its average volume of 22,414. Global Self Storage has a twelve month low of $4.70 and a twelve month high of $5.89. The company has a market capitalization of $60.44 million, a price-to-earnings ratio of 25.38 and a beta of 0.04. The business's 50 day moving average price is $5.47 and its 200 day moving average price is $5.24.

Global Self Storage (NASDAQ:SELF - Get Free Report) last posted its earnings results on Friday, May 9th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $3.13 million for the quarter. Global Self Storage had a return on equity of 5.07% and a net margin of 19.12%.

Global Self Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.44%. The ex-dividend date was Monday, June 16th. Global Self Storage's payout ratio is presently 138.10%.

Insider Activity

In other Global Self Storage news, CEO Mark Campbell Winmill acquired 10,000 shares of Global Self Storage stock in a transaction on Monday, May 19th. The shares were purchased at an average cost of $5.67 per share, with a total value of $56,700.00. Following the completion of the purchase, the chief executive officer owned 322,838 shares in the company, valued at $1,830,491.46. The trade was a 3.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.97% of the company's stock.

Institutional Investors Weigh In On Global Self Storage

A number of hedge funds and other institutional investors have recently made changes to their positions in SELF. Financial Gravity Asset Management Inc. bought a new stake in shares of Global Self Storage in the first quarter worth $32,000. Raymond James Financial Inc. purchased a new position in shares of Global Self Storage in the 4th quarter worth about $66,000. PFG Investments LLC bought a new stake in shares of Global Self Storage in the 1st quarter worth approximately $103,000. Ethos Financial Group LLC bought a new stake in shares of Global Self Storage in the 1st quarter worth approximately $129,000. Finally, Baker Ellis Asset Management LLC increased its position in shares of Global Self Storage by 16.7% during the first quarter. Baker Ellis Asset Management LLC now owns 28,000 shares of the financial services provider's stock valued at $141,000 after buying an additional 4,000 shares during the period. 28.88% of the stock is currently owned by institutional investors and hedge funds.

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.