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CubeSmart (NASDAQ:CUBE) has earned an average recommendation of “Hold” from the eight brokerages that are covering the stock, American Banking & Market News reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.42.

CubeSmart (NASDAQ:CUBE) opened at 18.99 on Monday. CubeSmart has a one year low of $15.06 and a one year high of $19.69. The stock has a 50-day moving average of $18.49 and a 200-day moving average of $17.8. The company has a market cap of $2.822 billion and a P/E ratio of 59.87.

CubeSmart (NASDAQ:CUBE) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $92.34 million for the quarter, compared to the consensus estimate of $90.98 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. Analysts expect that CubeSmart will post $1.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Monday, September 29th.

Separately, analysts at BMO Capital Markets raised their price target on shares of CubeSmart from $19.00 to $21.00 in a research note on Monday. They now have an “outperform” rating on the stock.

CubeSmart is a financials company in the Specialized REITs industry.

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