Wall Street analysts expect CubeSmart (NYSE:CUBE) to post $142.90 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for CubeSmart’s earnings, with the highest sales estimate coming in at $146.17 million and the lowest estimate coming in at $137.99 million. CubeSmart posted sales of $132.55 million in the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The firm is scheduled to issue its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that CubeSmart will report full-year sales of $142.90 million for the current financial year, with estimates ranging from $543.07 million to $561.63 million. For the next year, analysts anticipate that the company will post sales of $591.23 million per share, with estimates ranging from $565.75 million to $618.69 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover CubeSmart.

Several equities research analysts have issued reports on the stock. Jefferies Group set a $33.00 target price on shares of CubeSmart and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Robert W. Baird cut shares of CubeSmart from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $27.00 to $29.00 in a research note on Tuesday, November 28th. B. Riley set a $32.00 target price on shares of CubeSmart and gave the stock a “buy” rating in a research note on Tuesday, November 14th. BidaskClub raised shares of CubeSmart from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Finally, SunTrust Banks reiterated a “hold” rating and set a $25.00 price target on shares of CubeSmart in a report on Friday, October 27th. Two equities research 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 stock. The company has a consensus rating of “Hold” and a consensus price target of $28.60.

A number of large investors have recently modified their holdings of CUBE. Great West Life Assurance Co. Can increased its stake in CubeSmart by 0.5% during the second quarter. Great West Life Assurance Co. Can now owns 105,874 shares of the real estate investment trust’s stock worth $2,543,000 after purchasing an additional 541 shares during the period. Daiwa Securities Group Inc. grew its position in shares of CubeSmart by 14.0% during the second quarter. Daiwa Securities Group Inc. now owns 16,300 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 2,000 shares in the last quarter. Tdam USA Inc. grew its position in shares of CubeSmart by 23.0% during the second quarter. Tdam USA Inc. now owns 62,821 shares of the real estate investment trust’s stock worth $1,510,000 after buying an additional 11,747 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of CubeSmart by 11.9% during the second quarter. Canada Pension Plan Investment Board now owns 31,000 shares of the real estate investment trust’s stock worth $745,000 after buying an additional 3,300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of CubeSmart by 10.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,782,647 shares of the real estate investment trust’s stock worth $42,855,000 after buying an additional 168,284 shares in the last quarter.

CubeSmart (NYSE:CUBE) traded down $0.06 during trading on Tuesday, reaching $28.82. 1,269,500 shares of the company were exchanged, compared to its average volume of 1,631,217. CubeSmart has a 1 year low of $22.83 and a 1 year 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 firm has a market cap of $5,223.85, a PE ratio of 18.63, a P/E/G ratio of 3.72 and a beta of 0.22.

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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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