Safestore (LON:SAFE) Trading Down 10.2% – Here’s Why

Safestore Holdings Plc (LON:SAFE)’s share price was down 10.2% during trading on Thursday . The company traded as low as GBX 591 ($7.19) and last traded at GBX 596.50 ($7.26). Approximately 1,288,420 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 4,929,729 shares. The stock had previously closed at GBX 664.50 ($8.08).

Safestore Stock Up 4.6 %

The business’s fifty day moving average price is GBX 695.16 and its 200 day moving average price is GBX 792.20. 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 firm has a market capitalization of £1.36 billion, a PE ratio of 515.70, a PEG ratio of 2.05 and a beta of 0.86.

Safestore Increases Dividend

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

Insider Buying and Selling at Safestore

In other news, insider Avis Darzins purchased 1,581 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were acquired at an average price of GBX 628 ($7.64) per share, for a total transaction of £9,928.68 ($12,080.16). 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.