Global Self Storage (NASDAQ:SELF) Now Covered by Alliance Global Partners

Alliance Global Partners began coverage on shares of Global Self Storage (NASDAQ:SELF) in a note issued to investors on Friday, Benzinga reports. The brokerage set a “buy” rating and a $6.50 price target on the financial services provider’s stock. Alliance Global Partners’ target price indicates a potential upside of 28.46% from the stock’s current price.

Global Self Storage Price Performance

SELF traded up $0.01 during midday trading on Friday, reaching $5.06. 1,247 shares of the company’s stock traded hands, compared to its average volume of 37,607. The firm has a fifty day moving average of $5.11 and a two-hundred day moving average of $4.88. The stock has a market capitalization of $57.03 million, a price-to-earnings ratio of 26.63 and a beta of 0.25. Global Self Storage has a 52 week low of $4.01 and a 52 week high of $5.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SELF. Core Wealth Partners LLC bought a new position in Global Self Storage during the 1st quarter valued at approximately $44,000. Dimensional Fund Advisors LP raised its position in Global Self Storage by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 2,152 shares during the last quarter. Finally, Northwest Capital Management Inc bought a new position in Global Self Storage during the 3rd quarter valued at approximately $4,734,000. Institutional investors 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.