Global Self Storage initiated with a Buy at Alliance Global Partners

Alliance Global Partners initiated coverage of Global Self Storage (SELF) with a Buy rating and $6.50 price target Global Self Storage is an internally managed real estate investment trust with a focus on self-storage real estate in secondary and tertiary markets in the U.S., the analyst tells investors in a research note. The firm says its Buy rating is driven by the company’s “strong” balance sheet with low leverage and no near-term debt maturities, availability of capital to fund any future acquisitions, covered common dividend and a yield of 5.8%, and valuation upside.