Safestore (LON:SAFE) Stock Crosses Below 200 Day Moving Average of $978.52

Shares of Safestore Holdings plc (LON:SAFE – Get Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 978.52 ($12.11) and traded as low as GBX 975 ($12.07). Safestore shares last traded at GBX 980.50 ($12.14), with a volume of 261,316 shares trading hands.

Safestore Stock Up 1.2 %

The stock has a market capitalization of £2.16 billion and a price-to-earnings ratio of 433.85. The firm has a 50 day simple moving average of GBX 950.30 and a 200-day simple moving average of GBX 978.52. 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 Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, April 7th. Investors of record on Thursday, March 2nd will be given a dividend of GBX 20.40 ($0.25) per share. The ex-dividend date is Thursday, March 2nd. This represents a dividend yield of 2.04%. This is a boost from Safestore’s previous dividend of $9.40. Safestore’s dividend payout ratio (DPR) is 11.11%.

Insider Activity at Safestore

In other Safestore news, insider Andy Jones sold 716,354 shares of the company’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of GBX 926 ($11.46), for a total transaction of £6,633,438.04 ($8,212,749.83).

Safestore Company Profile

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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.