Safestore (LON:SAFE) Shares Down 10.2% – What’s Next?

Safestore Holdings Plc (LON:SAFE)’s stock price traded down 10.2% during trading on Thursday . The stock traded as low as GBX 591 ($7.19) and last traded at GBX 596.50 ($7.26). 1,288,420 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 4,929,729 shares. The stock had previously closed at GBX 664.50 ($8.08).

Safestore Stock Performance

The firm has a market capitalization of £1.36 billion, a price-to-earnings ratio of 515.70, a P/E/G ratio of 2.05 and a beta of 0.86. The company has a 50-day moving average price of GBX 695.16 and a 200-day moving average price of GBX 792.20. The company has a quick ratio of 0.90, a current ratio of 0.42 and a debt-to-equity ratio of 42.94.

Safestore Increases Dividend

The business 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 ($0.25) per share. This is a boost from Safestore’s previous dividend of $10.00. This represents a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 13th. Safestore’s payout ratio is currently 2,479.34%.

Insider Activity at Safestore

In other news, insider Avis Darzins bought 1,581 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was acquired at an average price of GBX 628 ($7.64) per share, with a total value of £9,928.68 ($12,080.16). 2.77% of the stock is currently owned by insiders.

Safestore Company Profile

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.