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

Safestore Holdings Plc (LON:SAFE)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 578.50 ($7.20) and last traded at GBX 600 ($7.47), with a volume of 559367 shares trading hands. The stock had previously closed at GBX 601.50 ($7.49).

Safestore Trading Down 1.3 %

The firm has a 50-day moving average price of GBX 643.40 and a 200-day moving average price of GBX 769.60. The company has a current ratio of 0.42, a quick ratio of 0.90 and a debt-to-equity ratio of 42.94. The stock has a market capitalization of £1.30 billion, a PE ratio of 490.91, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

Safestore (LON:SAFE) last announced its quarterly earnings data on Thursday, January 16th. The company reported GBX 92.40 ($1.15) EPS for the quarter. Safestore had a net margin of 118.32% and a return on equity of 13.58%. As a group, equities analysts forecast 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. Investors of record on Thursday, March 13th will be paid a GBX 20.40 ($0.25) dividend. This is an increase from Safestore’s previous dividend of $10.00. The ex-dividend date is Thursday, March 13th. This represents a yield of 3.42%. Safestore’s dividend payout ratio is presently 2,479.34%.

Insider Buying and Selling at Safestore

In other Safestore news, insider Avis Darzins acquired 1,581 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was bought at an average cost of GBX 628 ($7.82) per share, with a total value of £9,928.68 ($12,358.33). 2.77% of the stock is owned by corporate 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.