Safestore (LON:SAFE) Trading Down 10.2% - Should You Sell?

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

Safestore Stock Performance

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 stock has a market capitalization 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 business has a fifty day moving average price of GBX 698.67 and a 200-day moving average price of GBX 793.37.

Safestore Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 13th will be given a dividend of GBX 20.40 ($0.25) per share. This is an increase from Safestore's previous dividend of $10.00. The ex-dividend date is Thursday, March 13th. This represents a yield of 3.42%. Safestore's dividend payout ratio is 2,479.34%.

Insider Buying and Selling

In related news, insider Avis Darzins acquired 1,581 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was bought at an average cost of GBX 628 ($7.68) per share, for a total transaction of £9,928.68 ($12,148.15). 2.77% of the stock is currently 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.