Safestore (LON:SAFE) Trading Down 10.2% – Time to Sell?

Shares of Safestore Holdings Plc (LON:SAFE) fell 10.2% during mid-day trading on Thursday . The company traded as low as GBX 591 ($7.19) and last traded at GBX 596.50 ($7.26). 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 ($8.08).

Safestore Trading Up 4.6 %

The firm’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 market cap of £1.36 billion, a price-to-earnings ratio of 515.70, a P/E/G ratio of 2.05 and a beta of 0.86. The company has a debt-to-equity ratio of 42.94, a current ratio of 0.42 and a quick ratio of 0.90.

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

Insider Buying and Selling at Safestore

In other Safestore news, insider Avis Darzins purchased 1,581 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was bought at an average price of GBX 628 ($7.64) per share, with a total value of £9,928.68 ($12,080.16). 2.77% of the stock is owned by company 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.