Equities analysts forecast that CubeSmart (NYSE:CUBE) will report earnings per share of $0.40 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for CubeSmart’s earnings, with estimates ranging from $0.39 to $0.41. CubeSmart reported earnings per share of $0.13 during the same quarter last year, which suggests a positive year-over-year growth rate of 207.7%. The business is expected to issue its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that CubeSmart will report full year earnings of $1.56 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.58. For the next year, analysts expect that the company will post earnings of $1.63 per share, with EPS estimates ranging from $1.61 to $1.66. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CubeSmart.

Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered CubeSmart from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. BidaskClub raised CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, September 16th. Evercore ISI reissued an “outperform” rating and set a $28.00 price objective (up previously from $27.00) on shares of CubeSmart in a research note on Thursday, September 14th. KeyCorp reissued a “hold” rating on shares of CubeSmart in a research note on Friday, August 25th. Finally, UBS AG lowered CubeSmart from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.67.

CubeSmart (NYSE:CUBE) traded up $0.04 during trading on Tuesday, hitting $29.13. The stock had a trading volume of 2,074,500 shares, compared to its average volume of 1,626,183. CubeSmart has a 52-week low of $22.83 and a 52-week high of $29.67. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $5,261.84, a price-to-earnings ratio of 18.77, a P/E/G ratio of 3.76 and a beta of 0.20.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. raised its position in CubeSmart by 0.9% during the second quarter. Westwood Holdings Group Inc. now owns 16,790 shares of the real estate investment trust’s stock valued at $404,000 after purchasing an additional 155 shares in the last quarter. D.A. Davidson & CO. raised its position in CubeSmart by 1.6% during the second quarter. D.A. Davidson & CO. now owns 10,401 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 164 shares in the last quarter. Commonwealth Bank of Australia raised its position in CubeSmart by 3.9% during the second quarter. Commonwealth Bank of Australia now owns 7,568 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 283 shares in the last quarter. GAM Holding AG raised its position in CubeSmart by 2.5% during the second quarter. GAM Holding AG now owns 15,359 shares of the real estate investment trust’s stock valued at $369,000 after purchasing an additional 369 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in CubeSmart by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 5,341 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 370 shares in the last quarter.

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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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