Safestore (LON:SAFE) Stock Price Down 10.2% – Should You Sell?

Safestore Holdings Plc (LON:SAFE)’s share price dropped 10.2% during trading on Thursday . The stock traded as low as GBX 591 ($7.19) and last traded at GBX 596.50 ($7.26). Approximately 1,288,420 shares changed hands during trading, a decline of 74% from the average daily volume of 4,929,729 shares. The stock had previously closed at GBX 664.50 ($8.08).

Safestore Trading Up 4.6 %

The stock has a fifty day moving average of GBX 695.16 and a two-hundred day moving average of GBX 792.20. The company has a market capitalization of £1.36 billion, a PE ratio of 515.70, a PEG 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.

Safestore Increases Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, March 13th. This is an increase from Safestore’s previous dividend of $10.00. This represents a dividend yield of 3.42%. Safestore’s dividend payout ratio (DPR) is 2,479.34%.

Insider Activity

In related news, insider Avis Darzins acquired 1,581 shares of Safestore stock in a transaction dated Thursday, January 16th. The shares were purchased at an average cost of GBX 628 ($7.64) per share, with a total value of £9,928.68 ($12,080.16). 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.