Safestore (LON:SAFE) Sets New 12-Month Low – Should You Sell?

Shares of Safestore Holdings Plc (LON:SAFE) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 577 ($7.46) and last traded at GBX 579.39 ($7.49), with a volume of 347464 shares traded. The stock had previously closed at GBX 612 ($7.92).

Safestore Stock Performance

The company has a quick ratio of 0.90, a current ratio of 0.89 and a debt-to-equity ratio of 41.53. The firm has a 50 day moving average price of GBX 609.68 and a 200 day moving average price of GBX 734.46. The stock has a market cap of £1.31 billion, a PE ratio of 4.95, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

Safestore (LON:SAFE) last announced its quarterly earnings data on Thursday, January 16th. The company reported GBX 92.40 ($1.20) EPS for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. As a group, research analysts forecast that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

Safestore Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be issued a GBX 20.40 ($0.26) dividend. This is a boost from Safestore’s previous dividend of $10.00. The ex-dividend date is Thursday, March 13th. This represents a yield of 3.42%. Safestore’s payout ratio is presently 24.73%.

Insider Buying and Selling at Safestore

In other Safestore news, insider Avis Darzins bought 1,581 shares of the stock in a transaction on Thursday, January 16th. The shares were bought at an average price of GBX 628 ($8.12) per share, with a total value of £9,928.68 ($12,842.69). 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.