Weiss Ratings Downgrades Global Self Storage (NASDAQ:SELF) to Hold (C+)

Key Points

• Weiss Ratings downgraded Global Self Storage from a "buy" to a "hold" rating, indicating a shift in analyst sentiment regarding the stock's performance.
• As of the latest report, Global Self Storage's stock has a consensus rating of "Moderate Buy" with a price target of $6.50.
• The company reported earnings of $0.10 EPS for the most recent quarter, with a net margin of 19.56% and revenue of $3.19 million.

Global Self Storage (NASDAQ:SELF - Get Free Report) was downgraded by equities researchers at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Global Self Storage from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.50.

Global Self Storage Price Performance

Shares of Global Self Storage stock opened at $4.98 on Wednesday. The firm has a 50 day simple moving average of $5.15 and a 200 day simple moving average of $5.25. Global Self Storage has a fifty-two week low of $4.78 and a fifty-two week high of $5.89. The firm has a market cap of $56.47 million, a P/E ratio of 22.64 and a beta of 0.02.

Global Self Storage (NASDAQ:SELF - Get Free Report) last released its earnings results on Friday, August 8th. The financial services provider reported $0.10 EPS for the quarter. Global Self Storage had a net margin of 19.56% and a return on equity of 5.23%. The firm had revenue of $3.19 million during the quarter.

Institutional Investors Weigh In On Global Self Storage

Several institutional investors have recently added to or reduced their stakes in SELF. Laffer Tengler Investments Inc. bought a new stake in Global Self Storage in the 2nd quarter valued at $388,000. Cetera Investment Advisers lifted its position in Global Self Storage by 158.3% in the 2nd quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider's stock valued at $243,000 after acquiring an additional 27,914 shares in the last quarter. Ethos Financial Group LLC bought a new stake in Global Self Storage in the 1st quarter valued at $129,000. PFG Investments LLC bought a new stake in Global Self Storage in the 1st quarter valued at $103,000. Finally, Crossingbridge Advisors LLC lifted its position in Global Self Storage by 13.2% in the 1st quarter. Crossingbridge Advisors LLC now owns 171,325 shares of the financial services provider's stock valued at $863,000 after acquiring an additional 20,000 shares in the last quarter. 28.88% of the stock is owned by institutional investors.

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.

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