Safestore (LON:SAFE) Sets New 1-Year Low – Here’s Why

Safestore Holdings Plc (LON:SAFE) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 591 ($7.30) and last traded at GBX 591 ($7.30), with a volume of 124248 shares. The stock had previously closed at GBX 601 ($7.42).

Safestore Stock Down 1.0 %

The firm has a market capitalization of £1.30 billion, a price-to-earnings ratio of 492.71, a P/E/G ratio of 2.05 and a beta of 0.86. The company has a quick ratio of 0.90, a current ratio of 0.42 and a debt-to-equity ratio of 42.94. The company’s 50 day moving average price is GBX 684.15 and its 200 day moving average price is GBX 788.63.

Safestore (LON:SAFE) last issued its quarterly earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.14) EPS for the quarter. Safestore had a return on equity of 13.58% and a net margin of 118.32%. As a group, research analysts forecast that Safestore Holdings Plc will post 42.6926692 earnings per share 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 ($0.25) dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a yield of 3.42%. This is a positive change from Safestore’s previous dividend of $10.00. Safestore’s dividend payout ratio is currently 2,479.34%.

Insider Buying and Selling

In other Safestore 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 bought at an average cost of GBX 628 ($7.76) per share, for a total transaction of £9,928.68 ($12,263.69). 2.77% of the stock is owned by corporate 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.