Insider Buying: Safestore Holdings Plc (LON:SAFE) Insider Acquires 65,000 Shares of Stock

Safestore Holdings Plc (LON:SAFE) insider Frederic Vecchioli purchased 65,000 shares of the stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average price of GBX 553 ($7.07) per share, with a total value of £359,450 ($459,302.33).

Safestore Stock Performance

Safestore stock opened at GBX 529.36 ($6.76) on Thursday. The company has a market cap of £1.15 billion, a PE ratio of 4.36, a P/E/G ratio of 2.05 and a beta of 0.86. Safestore Holdings Plc has a 12 month low of GBX 525.50 ($6.71) and a 12 month high of GBX 930 ($11.88). The company has a fifty day moving average price of GBX 597.31 and a two-hundred day moving average price of GBX 693.49. 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) last issued its earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.18) EPS for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. Research analysts expect that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

Safestore Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th will be issued a dividend of GBX 20.40 ($0.26) per share. This is an increase from Safestore’s previous dividend of $10.00. The ex-dividend date is Thursday, March 13th. This represents a dividend yield of 3.42%. Safestore’s payout ratio is 24.73%.

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.