Safestore is the UK's largest self-storage group with 163 stores, comprising 125 wholly owned stores in the UK (including over 70 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool and Bristol), 28 wholly owned stores in the Paris region, 6 stores in the Netherlands and 4 stores within Barcelona, Spain. Safestore was founded in the UK in 1998. It acquired the French business Une Pièce en Plus in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.
Safestore Trading Up 0.7 %
LON:SAFE traded up GBX 8 ($0.10) during trading on Monday, hitting GBX 1,177 ($14.22). 175,658 shares of the company's stock traded hands, compared to its average volume of 432,513. The stock has a fifty day moving average of GBX 1,083.43 and a two-hundred day moving average of GBX 1,182.97. Safestore has a 12-month low of GBX 1,001 ($12.10) and a 12-month high of GBX 1,460 ($17.64). The firm has a market cap of £2.48 billion and a P/E ratio of 520.80. The company has a debt-to-equity ratio of 43.96, a current ratio of 0.96 and a quick ratio of 0.90.
Safestore Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, August 11th. Investors of record on Thursday, July 7th were issued a dividend of GBX 9.40 ($0.11) per share. This represents a yield of 0.87%. The ex-dividend date was Thursday, July 7th. Safestore's dividend payout ratio is presently 11.11%.
Insider Buying and Selling
In related news, insider Delphine Mousseau acquired 450 shares of the stock in a transaction on Thursday, May 19th. The stock was purchased at an average price of GBX 1,060 ($12.81) per share, for a total transaction of £4,770 ($5,763.65).