Safestore (LON:SAFE) Trading Down 10.2% - What's Next?

Safestore Holdings Plc (LON:SAFE - Get Free Report) was down 10.2% during mid-day trading on Friday . The company traded as low as GBX 591 ($7.23) and last traded at GBX 596.50 ($7.30). Approximately 1,288,420 shares were traded during trading, a decline of 74% from the average daily volume of 4,929,729 shares. The stock had previously closed at GBX 664.50 ($8.13).

Safestore Trading Up 4.6 %

The company has a market cap of £1.36 billion, a P/E ratio of 515.70, a P/E/G ratio of 2.05 and a beta of 0.86. The company has a quick ratio of 0.90, a current ratio of 0.42 and a debt-to-equity ratio of 42.94. The business has a 50-day moving average price of GBX 698.67 and a two-hundred day moving average price of GBX 793.37.

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 ($0.25) dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Safestore's previous dividend of $10.00. This represents a yield of 3.42%. Safestore's dividend payout ratio (DPR) is 2,479.34%.

Insiders Place Their Bets

In other Safestore news, insider Avis Darzins purchased 1,581 shares of the stock in a transaction on Thursday, January 16th. The shares were purchased at an average price of GBX 628 ($7.68) per share, with a total value of £9,928.68 ($12,148.15). Corporate 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.