Alliance Global Partners Issues Buy Rating for Global Self Storage
On October 18, 2024, Alliance Global Partners began tracking Global Self Storage (NasdaqCM:SELF) with a Buy recommendation.
Analysts Predict Strong Growth Ahead
As of June 2, 2023, analysts have set an average one-year price target for Global Self Storage at $7.14 per share, with estimates ranging from $7.07 to $7.35. This target indicates a potential increase of 40.83% from its recent closing price of $5.07 per share.
Institutional Interest in Global Self Storage
A total of 64 funds have reported their positions in Global Self Storage, reflecting a gain of 2 new owners or 3.23% since the last quarter. The average portfolio weight dedicated to SELF by these funds is 0.11%, marking a significant increase of 54.76%. Over the past three months, institutional shares ownership has risen by 29.44%, totaling 4,243,000 shares. The current put/call ratio of 0.21 suggests a bullish sentiment amongst investors.
Northwest Capital Management owns 909,000 shares, equating to 8.07% of the company.
Bard Associates has 665,000 shares, holding 5.90% of ownership. While they were previously reported at 671,000 shares, this indicates a minor decrease of 0.80%. However, their allocation to SELF has seen a growth of 15.31% over the last quarter.
Winmill & Co. holds steady with 440,000 shares, marking a 3.90% ownership with no change in the last quarter.
Marathon Capital Management increased its holdings slightly to 370,000 shares, representing 3.28% ownership, up from 368,000 shares — an increase of 0.46%. This firm increased its portfolio allocation in SELF by 17.17% recently.
The Vanguard Total Stock Market Index Fund Investor Shares has retained 320,000 shares, representing a 2.84% stake in the company, without any changes in the last quarter.
Overview of Global Self Storage
(Information courtesy of the company.)
Global Self Storage is a self-administered and self-managed Real Estate Investment Trust (REIT). It specializes in owning, operating, managing, acquiring, and redeveloping self-storage properties tailored for residential and commercial customers. The company operates 13 self-storage facilities across various states including Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma.
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This article originally appeared on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
