Safestore Holdings Plc (LON:SAFE) declared a dividend on Thursday, June 18th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 9th will be paid a dividend of GBX 5.90 ($0.07) per share on Friday, August 14th. This represents a dividend yield of 0.77%. The ex-dividend date is Thursday, July 9th. The official announcement can be viewed at this link.
LON SAFE opened at GBX 769.50 ($9.47) on Tuesday. The stock has a market capitalization of $1.59 billion and a price-to-earnings ratio of 8.69. Safestore has a twelve month low of GBX 501 ($6.17) and a twelve month high of GBX 886.89 ($10.91). The company has a current ratio of 0.67, a quick ratio of 0.65 and a debt-to-equity ratio of 54.52. The stock has a 50-day moving average of GBX 701.20 and a 200 day moving average of GBX 735.16.
Several equities research analysts have commented on SAFE shares. Jefferies Financial Group upgraded Safestore to a “buy” rating in a research note on Thursday, April 2nd. Berenberg Bank lowered Safestore to a “hold” rating in a research note on Friday, June 26th. Liberum Capital reiterated a “hold” rating on shares of Safestore in a research note on Thursday, June 18th. Finally, Peel Hunt restated a “hold” rating on shares of Safestore in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 755 ($9.29).
UK's largest self storage group with 146 stores Safestore has 119 self storage centres in the UK including two business centres and a further 27 stores in the Paris region. 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.
Further Reading: Outperform Rating
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