Safestore Holdings Plc (LON:SAFE) Insider Frederic Vecchioli Buys 65,000 Shares

Safestore Holdings Plc (LON:SAFE - Get Free Report) insider Frederic Vecchioli purchased 65,000 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average cost of GBX 553 ($7.24) per share, with a total value of £359,450 ($470,484.29).

Safestore Price Performance

Safestore stock remained flat at GBX 555 ($7.26) during mid-day trading on Friday. The company's stock had a trading volume of 485,877 shares, compared to its average volume of 1,900,565. The company has a market capitalization of £1.21 billion, a P/E ratio of 4.57, a PEG ratio of 2.05 and a beta of 0.86. The business has a fifty day moving average of GBX 595.04 and a two-hundred day moving average of GBX 690.12. Safestore Holdings Plc has a 1 year low of GBX 525.50 ($6.88) and a 1 year high of GBX 930 ($12.17). The company has a debt-to-equity ratio of 41.53, a current ratio of 0.89 and a quick ratio of 0.90.

Safestore (LON:SAFE - Get Free Report) last announced its earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.21) earnings per share (EPS) for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. Research analysts expect that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

Safestore Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th will be issued a GBX 20.40 ($0.27) dividend. This is an increase 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 payout ratio is presently 24.73%.

About Safestore

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.