Safestore Holdings Plc (LON:SAFE) Insider Acquires £359,450 in Stock

Safestore Holdings Plc (LON:SAFE) insider Frederic Vecchioli bought 65,000 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was purchased at an average price of GBX 553 ($7.04) per share, for a total transaction of £359,450 ($457,548.37).

Safestore Stock Performance

SAFE stock traded up GBX 20.50 ($0.26) during mid-day trading on Tuesday, reaching GBX 552.50 ($7.03). 623,876 shares of the stock traded hands, compared to its average volume of 1,943,454. The firm has a market capitalization of £1.20 billion, a PE ratio of 4.55, a P/E/G ratio of 2.05 and a beta of 0.86. The business has a 50-day moving average of GBX 602.60 and a two-hundred day moving average of GBX 701.98. Safestore Holdings Plc has a 52 week low of GBX 530 ($6.75) and a 52 week high of GBX 930 ($11.84). The company has a quick ratio of 0.90, a current ratio of 0.89 and a debt-to-equity ratio of 41.53.

Safestore (LON:SAFE) last posted its quarterly earnings data on Thursday, January 16th. The company reported GBX 92.40 ($1.18) earnings per share for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. As a group, equities analysts predict 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. Investors of record on Thursday, March 13th will be given a dividend of GBX 20.40 ($0.26) per share. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Safestore’s previous dividend of $10.00. This represents a yield of 3.42%. Safestore’s dividend payout ratio (DPR) is 24.73%.

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.