Safestore (LON:SAFE) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Safestore Holdings Plc (LON:SAFE)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 795.39 ($9.68) and traded as low as GBX 651.50 ($7.93). Safestore shares last traded at GBX 664.50 ($8.08), with a volume of 494,668 shares.

Safestore Price Performance

The stock has a market cap of £1.36 billion, a PE 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 quick ratio of 0.90 and a current ratio of 0.42. The business has a 50 day moving average price of GBX 695.16 and a two-hundred day moving average price of GBX 792.20.

Safestore Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, March 13th. This represents a yield of 3.42%. This is a boost from Safestore’s previous dividend of $10.00. Safestore’s payout ratio is currently 2,479.34%.

Insider Activity

In related news, insider Avis Darzins bought 1,581 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were purchased at an average cost of GBX 628 ($7.64) per share, for a total transaction of £9,928.68 ($12,080.16). Insiders own 2.77% of the company’s stock.

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.