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

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

Safestore Stock Performance

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 has a market capitalization of £1.36 billion, a PE ratio of 515.70, a PEG ratio of 2.05 and a beta of 0.86. The company has a 50-day moving average price of GBX 695.16 and a two-hundred day moving average price of GBX 792.20.

Safestore Increases Dividend

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

Insider Transactions at Safestore

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