Safestore (LON:SAFE) Reaches New 52-Week Low – Time to Sell?

Safestore Holdings Plc (LON:SAFE)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 591 ($7.30) and last traded at GBX 591 ($7.30), with a volume of 124248 shares. The stock had previously closed at GBX 601 ($7.42).

Safestore Trading Down 1.0 %

The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.90 and a current ratio of 0.42. The company has a market capitalization of £1.30 billion, a P/E ratio of 492.71, a PEG ratio of 2.05 and a beta of 0.86. The company’s fifty day simple moving average is GBX 684.15 and its 200-day simple moving average is GBX 788.63.

Safestore (LON:SAFE) last issued its quarterly earnings data on Thursday, January 16th. The company reported GBX 92.40 ($1.14) earnings per share (EPS) for the quarter. Safestore had a net margin of 118.32% and a return on equity of 13.58%. Research analysts predict that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

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 paid a dividend of GBX 20.40 ($0.25) per share. This is a boost from Safestore’s previous dividend of $10.00. This represents a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 13th. Safestore’s dividend payout ratio is 2,479.34%.

Insider Activity at Safestore

In other news, insider Avis Darzins acquired 1,581 shares of Safestore stock in a transaction that occurred on Thursday, January 16th. The stock was purchased at an average price of GBX 628 ($7.76) per share, for a total transaction of £9,928.68 ($12,263.69). 2.77% of the stock is owned by corporate 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.