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

Shares of Safestore Holdings Plc (LON:SAFE) fell 10.2% during mid-day trading on Thursday . The stock traded as low as GBX 591 ($7.19) and last traded at GBX 596.50 ($7.26). 1,288,420 shares were traded during 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 Stock Performance

The company has a market capitalization of £1.36 billion, a price-to-earnings ratio of 515.70, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The company has a current ratio of 0.42, a quick ratio of 0.90 and a debt-to-equity ratio of 42.94. The stock has a 50-day simple moving average of GBX 695.16 and a 200-day simple moving average of GBX 792.20.

Safestore Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be paid a dividend of GBX 20.40 ($0.25) per share. This represents a yield of 3.42%. This is an increase from Safestore’s previous dividend of $10.00. The ex-dividend date is Thursday, March 13th. Safestore’s dividend payout ratio is 2,479.34%.

Insider Transactions at Safestore

In other Safestore news, insider Avis Darzins purchased 1,581 shares of Safestore stock in a transaction dated Thursday, January 16th. The shares were bought 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.