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

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

Safestore Stock Performance

The stock has a fifty day moving average price of GBX 695.16 and a two-hundred day moving average price of GBX 792.20. The company has a market capitalization of £1.36 billion, a price-to-earnings ratio of 515.70, a PEG 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.

Safestore Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 15th. Shareholders 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 is Thursday, March 13th. Safestore’s dividend payout ratio (DPR) is currently 2,479.34%.

Insider Activity

In other Safestore news, insider Avis Darzins bought 1,581 shares of Safestore stock in a transaction that occurred on Thursday, January 16th. The shares were purchased at an average cost of GBX 628 ($7.64) per share, for a total transaction of £9,928.68 ($12,080.16). Company insiders own 2.77% of the company’s stock.

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.