Safestore (LON:SAFE) Reaches New 12-Month Low - Here's What Happened

Safestore Holdings Plc (LON:SAFE - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 578.50 ($7.27) and last traded at GBX 600 ($7.54), with a volume of 559367 shares trading hands. The stock had previously closed at GBX 601.50 ($7.56).

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 stock has a market capitalization of £1.30 billion, a price-to-earnings ratio of 4.90, a PEG ratio of 2.05 and a beta of 0.86. The stock's 50 day simple moving average is GBX 638.23 and its 200-day simple moving average is GBX 767.01.

Safestore (LON:SAFE - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The company reported GBX 92.40 ($1.16) earnings per share for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. On average, analysts expect 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. Stockholders of record on Thursday, March 13th will be paid a GBX 20.40 ($0.26) dividend. This represents a dividend yield of 3.42%. This is a boost from Safestore's previous dividend of $10.00. The ex-dividend date is Thursday, March 13th. Safestore's payout ratio is presently 24.73%.

Insider Transactions at Safestore

In related news, insider Avis Darzins bought 1,581 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The shares were acquired at an average price of GBX 628 ($7.89) per share, with a total value of £9,928.68 ($12,477.92). 2.77% of the stock is owned by corporate insiders.

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.