CubeSmart (NYSE:CUBE) – Stock analysts at B. Riley decreased their Q3 2018 earnings per share (EPS) estimates for shares of CubeSmart in a report released on Tuesday. B. Riley analyst D. Corak now anticipates that the real estate investment trust will post earnings of $0.42 per share for the quarter, down from their previous estimate of $0.43. B. Riley currently has a “Buy” rating and a $32.00 target price on the stock. B. Riley also issued estimates for CubeSmart’s FY2018 earnings at $1.62 EPS, Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.44 EPS, Q4 2019 earnings at $0.44 EPS and FY2019 earnings at $1.68 EPS.

Several other analysts also recently weighed in on CUBE. BidaskClub raised CubeSmart from a “strong sell” rating to a “sell” rating in a report on Thursday, September 7th. BMO Capital Markets reissued a “market perform” rating and issued a $27.00 target price on shares of CubeSmart in a report on Monday, September 11th. Evercore ISI reissued an “outperform” rating and issued a $28.00 target price (up from $27.00) on shares of CubeSmart in a report on Thursday, September 14th. Robert W. Baird reissued a “buy” rating and issued a $27.00 target price on shares of CubeSmart in a report on Tuesday, October 17th. Finally, Jefferies Group reissued a “buy” rating and issued a $30.00 target price on shares of CubeSmart in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.00.

CubeSmart (NYSE CUBE) traded down $0.38 during trading on Wednesday, hitting $28.54. The stock had a trading volume of 1,433,500 shares, compared to its average volume of 1,230,550. CubeSmart has a fifty-two week low of $22.83 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $5,231.09, a P/E ratio of 43.24, a P/E/G ratio of 3.55 and a beta of 0.22.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CUBE. Cohen & Steers Inc. increased its position in CubeSmart by 349.3% during the 3rd quarter. Cohen & Steers Inc. now owns 13,828,409 shares of the real estate investment trust’s stock worth $358,985,000 after purchasing an additional 10,750,476 shares during the period. Daiwa Securities Group Inc. increased its position in CubeSmart by 43,425.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,094,592 shares of the real estate investment trust’s stock worth $184,176,000 after purchasing an additional 7,078,292 shares during the period. Cbre Clarion Securities LLC increased its position in CubeSmart by 62.1% during the 2nd quarter. Cbre Clarion Securities LLC now owns 6,324,509 shares of the real estate investment trust’s stock worth $152,041,000 after purchasing an additional 2,423,464 shares during the period. American Century Companies Inc. acquired a new position in CubeSmart during the 3rd quarter worth approximately $47,549,000. Finally, Citadel Advisors LLC increased its position in CubeSmart by 287.3% during the 3rd quarter. Citadel Advisors LLC now owns 1,564,845 shares of the real estate investment trust’s stock worth $40,623,000 after purchasing an additional 1,160,777 shares during the period.

In related news, CFO Timothy M. Martin sold 83,409 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $29.32, for a total value of $2,445,551.88. Following the transaction, the chief financial officer now owns 228,948 shares in the company, valued at approximately $6,712,755.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jonathan L. Perry sold 20,270 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $29.37, for a total value of $595,329.90. Following the completion of the transaction, the senior vice president now owns 67,197 shares in the company, valued at approximately $1,973,575.89. The disclosure for this sale can be found here. Insiders sold a total of 167,425 shares of company stock worth $4,915,172 in the last 90 days. 1.20% of the stock is currently owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.20%. The ex-dividend date is Friday, December 29th. This is a boost from CubeSmart’s previous quarterly dividend of $0.27. CubeSmart’s payout ratio is 163.64%.

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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.

Earnings History and Estimates for CubeSmart (NYSE:CUBE)

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