Safestore (LON:SAFE) Reaches New 1-Year Low - Here's Why

Safestore Holdings Plc (LON:SAFE - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as GBX 577.50 ($7.30) and last traded at GBX 579.50 ($7.32), with a volume of 59867 shares. The stock had previously closed at GBX 582.50 ($7.36).

Safestore Stock 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 company has a market capitalization of £1.31 billion, a P/E ratio of 4.96, a P/E/G ratio of 2.05 and a beta of 0.86. The stock's 50 day simple moving average is GBX 626.86 and its two-hundred day simple moving average is GBX 759.35.

Safestore (LON:SAFE - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.17) earnings per share for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. As a group, 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 declared a dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 13th will be paid a dividend of GBX 20.40 ($0.26) per share. This represents a dividend yield of 3.42%. This is an increase from Safestore's previous dividend of $10.00. The ex-dividend date of this dividend is Thursday, March 13th. Safestore's payout ratio is 24.73%.

Insider Buying and Selling at Safestore

In other news, insider Avis Darzins bought 1,581 shares of the stock in a transaction on Thursday, January 16th. The stock was purchased at an average price of GBX 628 ($7.93) per share, with a total value of £9,928.68 ($12,544.13). Insiders own 2.77% of the company's stock.

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.