Wall Street brokerages predict that CubeSmart (NYSE:CUBE) will post earnings per share (EPS) of $0.41 for the current quarter, according to Zacks. Six analysts have provided estimates for CubeSmart’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.41. CubeSmart reported earnings of $0.13 per share in the same quarter last year, which would indicate a positive year over year growth rate of 215.4%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that CubeSmart will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.58. For the next year, analysts expect that the business will post earnings of $1.64 per share, with EPS estimates ranging from $1.61 to $1.66. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for CubeSmart.

A number of research analysts have recently commented on CUBE shares. BidaskClub upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, September 16th. Evercore ISI restated an “outperform” rating and issued a $28.00 price target (up from $27.00) on shares of CubeSmart in a report on Thursday, September 14th. KeyCorp restated a “hold” rating on shares of CubeSmart in a report on Friday, August 25th. Robert W. Baird cut shares of CubeSmart from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $27.00 to $29.00 in a report on Tuesday, November 28th. Finally, UBS cut shares of CubeSmart from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.60.

A number of institutional investors have recently modified their holdings of CUBE. The Manufacturers Life Insurance Company grew its holdings in CubeSmart by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,341 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 370 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in CubeSmart by 3.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,568 shares of the real estate investment trust’s stock worth $181,000 after acquiring an additional 283 shares in the last quarter. World Asset Management Inc bought a new position in CubeSmart during the 3rd quarter worth about $200,000. Campbell & CO Investment Adviser LLC bought a new position in CubeSmart during the 3rd quarter worth about $211,000. Finally, Profund Advisors LLC bought a new position in CubeSmart during the 2nd quarter worth about $214,000.

CubeSmart (CUBE) opened at $28.88 on Friday. 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 cap of $5,162.35, a PE ratio of 18.41, a PEG ratio of 3.68 and a beta of 0.22. CubeSmart has a 1-year low of $22.83 and a 1-year high of $29.67.

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CubeSmart Company Profile

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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