Safestore (LON:SAFE) Shares Cross Below 200 Day Moving Average – What’s Next?

Safestore Holdings Plc (LON:SAFE)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 756.57 ($9.59) and traded as low as GBX 598 ($7.58). Safestore shares last traded at GBX 604.19 ($7.66), with a volume of 628,856 shares trading hands.

Safestore Stock Performance

The company has a debt-to-equity ratio of 41.53, a quick ratio of 0.90 and a current ratio of 0.89. The company has a market capitalization of £1.33 billion, a P/E ratio of 5.02, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The business has a 50 day moving average of GBX 622.55 and a 200-day moving average of GBX 755.16.

Safestore (LON:SAFE) last released its quarterly earnings data on Thursday, January 16th. The company reported GBX 92.40 ($1.17) earnings per share (EPS) for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. On average, sell-side analysts predict that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Safestore Increases Dividend

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

Insider Activity at Safestore

In other Safestore news, insider Avis Darzins bought 1,581 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were acquired at an average cost of GBX 628 ($7.96) per share, for a total transaction of £9,928.68 ($12,583.88). 2.77% of the stock is currently owned by corporate insiders.

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.