Safestore (LON:SAFE) Sets New 12-Month Low – Here’s What Happened

Safestore Holdings Plc (LON:SAFE) shares hit a new 52-week low on Thursday . The stock traded as low as GBX 577 ($7.48) and last traded at GBX 579.39 ($7.51), with a volume of 347464 shares changing hands. The stock had previously closed at GBX 612 ($7.94).

Safestore Stock Performance

The company has a 50-day moving average price of GBX 612.47 and a two-hundred day moving average price of GBX 737.46. The company has a quick ratio of 0.90, a current ratio of 0.89 and a debt-to-equity ratio of 41.53. The stock has a market capitalization of £1.26 billion, a P/E ratio of 4.78, a PEG ratio of 2.05 and a beta of 0.86.

Safestore (LON:SAFE) last posted its earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.20) earnings per share for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. Equities analysts expect that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

Safestore Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 13th will be paid a dividend of GBX 20.40 ($0.26) per share. This is a positive change from Safestore’s previous dividend of $10.00. The ex-dividend date is Thursday, March 13th. This represents a yield of 3.42%. Safestore’s dividend payout ratio (DPR) is currently 24.73%.

Insider Buying and Selling

In related news, insider Avis Darzins bought 1,581 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were acquired at an average cost of GBX 628 ($8.14) per share, with a total value of £9,928.68 ($12,876.00). 2.77% of the stock is owned by company insiders.

About Safestore

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.