Safestore (LON:SAFE) Reaches New 1-Year Low – What’s Next?

Safestore Holdings Plc (LON:SAFEGet Free Report)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 591 ($7.29) and last traded at GBX 591 ($7.29), with a volume of 124248 shares. The stock had previously closed at GBX 601 ($7.41).

Safestore Stock Down 1.7 %

The company has a market capitalization of £1.29 billion, a price-to-earnings ratio of 488.43, a PEG ratio of 2.05 and a beta of 0.86. The firm’s 50 day simple moving average is GBX 691.51 and its 200-day simple moving average is GBX 791.24. The company has a current ratio of 0.42, a quick ratio of 0.90 and a debt-to-equity ratio of 42.94.

Safestore (LON:SAFEGet Free Report) last posted its quarterly earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.14) earnings per share for the quarter. Safestore had a net margin of 118.32% and a return on equity of 13.58%. On average, sell-side analysts anticipate that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Safestore Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be issued a dividend of GBX 20.40 ($0.25) per share. This represents a yield of 3.42%. The ex-dividend date is Thursday, March 13th. This is a boost from Safestore’s previous dividend of $10.00. Safestore’s dividend payout ratio is 2,479.34%.

Insiders Place Their Bets

In other news, insider Avis Darzins bought 1,581 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was acquired at an average price of GBX 628 ($7.74) per share, for a total transaction of £9,928.68 ($12,241.01). 2.77% of the stock is owned by corporate insiders.

About Safestore

(Get Free Report)

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.

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