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

Safestore Holdings Plc (LON:SAFE) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 577 ($7.46) and last traded at GBX 579.39 ($7.49), with a volume of 347464 shares traded. The stock had previously closed at GBX 612 ($7.92).

Safestore Price Performance

The company has a debt-to-equity ratio of 41.53, a current ratio of 0.89 and a quick ratio of 0.90. The business’s 50 day moving average price is GBX 609.68 and its 200 day moving average price is GBX 734.46. The stock has a market capitalization of £1.31 billion, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

Safestore (LON:SAFE) last posted its earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.20) EPS for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. Sell-side analysts forecast that Safestore Holdings Plc will post 42.6926692 EPS for the current year.

Safestore Increases Dividend

The company also recently announced 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 boost 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%.

Insider Activity

In related news, insider Avis Darzins acquired 1,581 shares of Safestore stock in a transaction dated Thursday, January 16th. The stock was purchased at an average cost of GBX 628 ($8.12) per share, for a total transaction of £9,928.68 ($12,842.69). 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.