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

Safestore Holdings Plc (LON:SAFE) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 577.50 ($7.27) and last traded at GBX 579.50 ($7.29), with a volume of 59867 shares trading hands. The stock had previously closed at GBX 582.50 ($7.33).

Safestore Stock Performance

The company has a market cap of £1.30 billion, a price-to-earnings ratio of 4.92, a P/E/G ratio of 2.05 and a beta of 0.86. The company has a current ratio of 0.89, a quick ratio of 0.90 and a debt-to-equity ratio of 41.53. The stock’s 50 day moving average price is GBX 630.96 and its 200 day moving average price is GBX 762.52.

Safestore (LON:SAFE) last issued its quarterly earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.16) EPS for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. On average, analysts expect that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Safestore Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 13th will be given a GBX 20.40 ($0.26) dividend. This is a positive change 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 dividend payout ratio (DPR) is 24.73%.

Insider Activity at Safestore

In other Safestore news, insider Avis Darzins bought 1,581 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was purchased at an average price of GBX 628 ($7.90) per share, with a total value of £9,928.68 ($12,493.62). 2.77% of the stock is 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.