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

Safestore Holdings Plc (LON:SAFE - Get Free Report)'s stock price hit a new 52-week low on Thursday . The stock traded as low as GBX 525.50 ($6.93) and last traded at GBX 529.36 ($6.98), with a volume of 689667 shares trading hands. The stock had previously closed at GBX 552.50 ($7.29).

Safestore Trading Up 2.4 %

The firm has a market capitalization of £1.28 billion, a price-to-earnings ratio of 4.83, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The business's 50 day moving average price is GBX 594.10 and its 200-day moving average price is GBX 686.58. The company has a debt-to-equity ratio of 41.53, a current ratio of 0.89 and a quick ratio of 0.90.

Safestore (LON:SAFE - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The company reported GBX 92.40 ($1.22) earnings per share for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. Equities analysts forecast that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Safestore Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 13th will be issued a dividend of GBX 20.40 ($0.27) per share. The ex-dividend date is Thursday, March 13th. This is a boost from Safestore's previous dividend of $10.00. This represents a yield of 3.42%. Safestore's payout ratio is currently 24.73%.

Insider Buying and Selling

In other news, insider Frederic Vecchioli bought 65,000 shares of the stock in a transaction on Tuesday, April 8th. The stock was purchased at an average cost of GBX 553 ($7.29) per share, with a total value of £359,450 ($473,958.33). Also, insider Avis Darzins bought 1,581 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was acquired at an average price of GBX 628 ($8.28) per share, with a total value of £9,928.68 ($13,091.61). Insiders own 2.77% of the company's stock.

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.