Safestore Holdings Plc (LON:SAFE) Insider Frederic Vecchioli Purchases 65,000 Shares

Safestore Holdings Plc (LON:SAFE) insider Frederic Vecchioli bought 65,000 shares of the company’s stock in a transaction dated Tuesday, April 8th. The stock was bought at an average cost of GBX 553 ($7.04) per share, with a total value of £359,450 ($457,548.37).

Safestore Price Performance

Shares of Safestore stock traded up GBX 20.50 ($0.26) during mid-day trading on Tuesday, reaching GBX 552.50 ($7.03). 623,876 shares of the stock were exchanged, compared to its average volume of 1,943,454. 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 company has a market cap of £1.20 billion, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. Safestore Holdings Plc has a fifty-two week low of GBX 530 ($6.75) and a fifty-two week high of GBX 930 ($11.84). The firm has a 50-day simple moving average of GBX 602.60 and a 200 day simple moving average of GBX 701.98.

Safestore (LON:SAFE) last announced its earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.18) earnings per share for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. On average, sell-side analysts predict that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Safestore Increases Dividend

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

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.