#7 - Global Self Storage (NASDAQ:SELF)
There’s been a global surge in public self-storage and Global Self Storage (NASDAQ: SELF) is a name to watch in this space. SELF stock has delivered a total return of approximately 42%, and the stock is up more than 11% in 2024.
The self-storage industry is booming for a couple of reasons. On the residential side, many homeowners and renters are looking to downsize and need a cost-effective alternative to store the stuff that will no longer fit. On the commercial side, many businesses have come to realize that public storage units can be an alternative to more costly warehouse space.
Investors should take note that Global Self Storage which operates as a real estate investment trust (REIT) has been the target of several unsolicited acquisition proposals in the past several years. However, management continues to rebuff these offers and, for now, the company will remain a publicly traded company.
About Global Self Storage
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.
Read More - Current Price
- $5.14
- Consensus Rating
- Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $6.50 (26.5% Upside)
If you're in retirement or near retirement age, low beta stocks can work well because their defensive nature prioritizes capital preservation. However, the average return of the S&P 500 index is 10%. The potential downside to investing in low beta stocks is that in not providing a market-beating return, they may not keep you ahead of inflation in volatile markets.
But that doesn't account for dividends. Many low beta stocks offer safe, growing dividends. These can add to your total return and provide the benefit of compounding as you hold the stock over time.
Another point to remember about beta is that it's a dynamic number. Like a company's market capitalization or its price-to-earnings (P/E) ratio, it's always moving. This brings up another aspect of a stock's beta. It's backward-looking. And while it tends to be an accurate measurement, it's not foolproof.
There is a formula for calculating beta, but you don't have to know it. MarketBeat provides the beta value for an individual stock on its low beta stock page on Marketbeat.com.
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