Wall Street analysts predict that CubeSmart (NYSE:CUBE) will announce $140.55 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for CubeSmart’s earnings. The lowest sales estimate is $137.91 million and the highest is $144.59 million. CubeSmart posted sales of $132.10 million in the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The business is expected to report its next earnings report on Thursday, October 26th.

On average, analysts expect that CubeSmart will report full-year sales of $140.55 million for the current fiscal year, with estimates ranging from $538.37 million to $568.33 million. For the next fiscal year, analysts anticipate that the firm will report sales of $590.29 million per share, with estimates ranging from $559.20 million to $620.54 million. Zacks’ sales averages are an average based on a survey of analysts that follow CubeSmart.

CubeSmart (NYSE:CUBE) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. CubeSmart had a net margin of 20.36% and a return on equity of 6.65%. The firm had revenue of $138.60 million during the quarter, compared to analysts’ expectations of $138.07 million. During the same period in the previous year, the business posted $0.36 EPS. The business’s revenue was up 9.6% compared to the same quarter last year.

Several research analysts have recently issued reports on CUBE shares. BidaskClub raised CubeSmart from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Cantor Fitzgerald cut their price target on CubeSmart from $30.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, May 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $31.00 price target on shares of CubeSmart in a research note on Tuesday, April 18th. Citigroup Inc. reaffirmed a “neutral” rating and set a $27.00 price target (down previously from $29.00) on shares of CubeSmart in a research note on Thursday, May 11th. Finally, Zacks Investment Research raised CubeSmart from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.71.

A number of hedge funds have recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC boosted its stake in CubeSmart by 72.9% in the first quarter. Quantitative Systematic Strategies LLC now owns 41,843 shares of the real estate investment trust’s stock valued at $1,086,000 after buying an additional 17,643 shares during the period. ProShare Advisors LLC boosted its stake in CubeSmart by 166.7% in the first quarter. ProShare Advisors LLC now owns 126,771 shares of the real estate investment trust’s stock valued at $1,280,000 after buying an additional 79,244 shares during the period. Russell Investments Group Ltd. boosted its stake in CubeSmart by 16.5% in the first quarter. Russell Investments Group Ltd. now owns 883,955 shares of the real estate investment trust’s stock valued at $22,911,000 after buying an additional 125,312 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in CubeSmart by 29.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 374,709 shares of the real estate investment trust’s stock valued at $9,727,000 after buying an additional 85,920 shares during the period. Finally, Exane Derivatives boosted its stake in CubeSmart by 2,615,700.0% in the first quarter. Exane Derivatives now owns 26,158 shares of the real estate investment trust’s stock valued at $679,000 after buying an additional 26,157 shares during the period.

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CubeSmart (NYSE:CUBE) opened at 24.17 on Friday. CubeSmart has a 1-year low of $22.83 and a 1-year high of $28.61. The firm has a market capitalization of $4.36 billion, a PE ratio of 41.74 and a beta of 0.19. The company has a 50 day moving average of $24.08 and a 200 day moving average of $25.37.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.47%. The ex-dividend date is Friday, September 29th. CubeSmart’s payout ratio is 186.21%.

About CubeSmart

CubeSmart operates as a self-managed and self-administered real estate company. The Company focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. Its self-storage properties are designed to offer storage space for its residential and commercial customers.

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