CubeSmart Rating Reiterated by SunTrust (CUBE)
CubeSmart (NASDAQ:CUBE)‘s stock had its “neutral” rating restated by stock analysts at SunTrust in a report issued on Thursday. They currently have a $20.00 price target on the stock, up from their previous price target of $19.00. SunTrust’s price objective points to a potential upside of 7.01% from the company’s current price.
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, August 11th. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.58.
CubeSmart (NASDAQ:CUBE) traded down 0.21% on Thursday, hitting $18.65. The stock had a trading volume of 166,770 shares. CubeSmart has a 1-year low of $15.06 and a 1-year high of $19.69. The stock has a 50-day moving average of $18.59 and a 200-day moving average of $18.07. The company has a market cap of $2.771 billion and a P/E ratio of 58.77.
CubeSmart (NASDAQ:CUBE) last released its earnings data on Thursday, August 7th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, September 29th.
CubeSmart is a financials company in the Specialized REITs industry.
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