Safestore (LON:SAFE) Reaches New 52-Week Low - Here's Why

Safestore Holdings Plc (LON:SAFE - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as GBX 573.50 ($7.33) and last traded at GBX 573.50 ($7.33), with a volume of 531520 shares changing hands. The stock had previously closed at GBX 614 ($7.85).

Safestore Trading Down 4.2 %

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 firm has a market capitalization of £1.15 billion, a P/E ratio of 4.36, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The business's 50-day moving average is GBX 600.46 and its 200 day moving average is GBX 697.18.

Safestore (LON:SAFE - Get Free Report) last issued its earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.18) EPS for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. As a group, analysts anticipate that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal 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 issued a GBX 20.40 ($0.26) dividend. This represents a yield of 3.42%. The ex-dividend date is Thursday, March 13th. This is a boost from Safestore's previous dividend of $10.00. Safestore's dividend payout ratio is presently 24.73%.

Insider Buying and Selling

In other Safestore news, insider Frederic Vecchioli acquired 65,000 shares of the company's stock in a transaction dated Tuesday, April 8th. The shares were bought at an average cost of GBX 553 ($7.07) per share, with a total value of £359,450 ($459,302.33). Also, insider Avis Darzins bought 1,581 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were acquired at an average cost of GBX 628 ($8.02) per share, with a total value of £9,928.68 ($12,686.79). 2.77% of the stock is currently owned by insiders.

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.