Streetbeat News

SELF

Global Self Storage, Inc.

https://www.globalselfstorage.us

Industry

REIT - Industrial

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops 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. Through its wholly owned subsidiaries, the company owns and/or manages 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma.

Open

5.15

Mkt cap

58M

Volume

16K

High

5.20

P/E Ratio

19.07

52-wk high

5.85

Low

5.08

Div yield

0.06

52-wk low

4.01

Several Wall Street analysts have initiated coverage on various stocks with positive ratings. Notably, PureCycle Technologies, ChoiceOne Financial Services, Rapport Therapeutics, Neonode, and Global Self Storage received Buy or Overweight ratings with significant price targets above their current trading prices.

Portfolio Pulse from Avi Kapoor

October 18, 2024 | 2:51 pm

Alliance Global Partners has initiated coverage on Global Self Storage (NASDAQ:SELF) with a Buy rating and set a price target of $6.5.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 2:22 pm

Global Self Storage (NASDAQ:SELF) reported Q2 earnings of $0.09 per share, a 10% decrease from $0.10 per share YoY. Sales increased by 1.04% to $3.10 million from $3.07 million YoY.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:19 pm

Global Self Storage's board has rejected a $6.15 per share acquisition proposal from Etude Storage Partners.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 8:20 pm

Global Self Storage (NASDAQ:SELF) reported a decrease in Q1 AFFO to $0.08 per share from $0.10 YoY, with sales slightly down to $3.03M from $3.04M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:53 pm

Global Self Storage's board has rejected Etude's acquisition offers, labeling them as opportunistic. The board believes these offers undervalue the company and its future growth potential, emphasizing their commitment to their strategic business plan despite current macro-economic challenges.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:15 am

Beyond, Inc. (NYSE:BYON) shares plummeted over 20% due to disappointing quarterly results, missing both earnings and revenue estimates. Other stocks experienced significant movements, with companies like Golden Sun Health Technology Group Limited (NASDAQ:GSUN) and MMTec, Inc. (NASDAQ:MTC) seeing substantial gains. The article also highlights losers of the day, including Holdco Nuvo Group D.G Ltd (NASDAQ:NUVO) and The Real Good Food Company, Inc. (NASDAQ:RGF), which saw notable declines.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 6:35 pm

Global Self Storage's stock price increased following a proposal from Etude Storage Partners to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:46 pm

Etude Storage Partners LLC proposes to acquire Global Self Storage, Inc. (NASDAQ:SELF) for $6.15 per share in cash, a 47% premium over the previous day's closing price. This offer follows two prior rejected proposals. ESP, a joint venture with significant self-storage industry experience and financial backing, aims to optimize the company's performance through private ownership. The proposal is fully financed, not contingent on financing, and seeks a negotiated merger agreement.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:11 pm

Global Self Storage reported a Q4 total revenue of $3M, marking a 2.7% decrease from the previous year. The company's adjusted funds from operations (AFFO) stood at $0.09.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:29 pm

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