Global Self Storage (NASDAQ:SELF) Shares Up 4% – Time to Buy?

by · The Cerbat Gem

Shares of Global Self Storage, Inc. (NASDAQ:SELF – Get Free Report) rose 4% during trading on Tuesday . The company traded as high as $5.18 and last traded at $5.15. Approximately 98,121 shares changed hands during trading, an increase of 121% from the average daily volume of 44,357 shares. The stock had previously closed at $4.95.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Global Self Storage in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Check Out Our Latest Research Report on Global Self Storage

Global Self Storage Stock Down 0.8%

The stock has a market cap of $57.94 million, a P/E ratio of 31.94 and a beta of 0.01. The stock has a fifty day simple moving average of $5.03 and a 200-day simple moving average of $5.16.

Global Self Storage (NASDAQ:SELF – Get Free Report) last announced its earnings results on Friday, November 7th. The financial services provider reported $0.10 EPS for the quarter. Global Self Storage had a return on equity of 3.81% and a net margin of 14.13%.The firm had revenue of $3.23 million for the quarter.

Global Self Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be given a $0.0725 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.29 annualized dividend and a yield of 5.7%. Global Self Storage’s dividend payout ratio (DPR) is presently 181.25%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SELF. Winmill & CO. Inc. boosted its holdings in shares of Global Self Storage by 4.2% in the 2nd quarter. Winmill & CO. Inc. now owns 479,042 shares of the financial services provider’s stock worth $2,558,000 after buying an additional 19,280 shares during the last quarter. Laffer Tengler Investments Inc. purchased a new stake in shares of Global Self Storage during the 2nd quarter worth approximately $388,000. Dimensional Fund Advisors LP raised its holdings in shares of Global Self Storage by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,032 shares during the period. Cetera Investment Advisers lifted its stake in Global Self Storage by 158.3% in the second quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 27,914 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Global Self Storage during the third quarter valued at $197,000. 28.88% of the stock is owned by institutional investors.

Global Self Storage Company Profile

(Get Free Report)

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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