Separately, Peel Hunt reissued a hold rating on shares of Safestore in a research note on Thursday, November 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of GBX 620 ($8.10).
LON SAFE opened at GBX 582.50 ($7.61) on Friday. Safestore has a 52 week low of GBX 360 ($4.70) and a 52 week high of GBX 528 ($6.90).
The firm also recently announced a dividend, which will be paid on Wednesday, April 10th. Investors of record on Thursday, March 7th will be paid a dividend of GBX 11.15 ($0.15) per share. This represents a yield of 2.08%. The ex-dividend date is Thursday, March 7th. This is an increase from Safestore’s previous dividend of $5.10.
Safestore is 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.
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