CubeSmart (CUBE) to Release Earnings on Thursday

CubeSmart (NYSE:CUBE) will be posting its quarterly earnings results after the market closes on Thursday, February 15th. Analysts expect CubeSmart to post earnings of $0.19 per share for the quarter.

CubeSmart (CUBE) opened at $26.14 on Thursday. 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 stock has a market cap of $4,730.00, a P/E ratio of 40.22, a P/E/G ratio of 2.81 and a beta of 0.13. CubeSmart has a 1-year low of $22.83 and a 1-year high of $29.79.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were issued a $0.30 dividend. This is an increase from CubeSmart’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.59%. CubeSmart’s dividend payout ratio (DPR) is presently 184.62%.

In other news, CEO Christopher P. Marr sold 6,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $29.33, for a total value of $175,980.00. Following the transaction, the chief executive officer now owns 410,138 shares of the company’s stock, valued at $12,029,347.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Timothy M. Martin sold 83,409 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $29.32, for a total transaction of $2,445,551.88. Following the completion of the transaction, the chief financial officer now directly owns 228,948 shares in the company, valued at approximately $6,712,755.36. The disclosure for this sale can be found here. Insiders have sold 167,425 shares of company stock worth $4,915,172 in the last ninety days. Insiders own 1.20% of the company’s stock.

An institutional investor recently raised its position in CubeSmart stock. The Manufacturers Life Insurance Company lifted its stake in CubeSmart (NYSE:CUBE) by 7.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,341 shares of the real estate investment trust’s stock after buying an additional 370 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in CubeSmart were worth $128,000 at the end of the most recent reporting period.

A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of CubeSmart from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Jefferies Group reissued a “buy” rating and issued a $30.00 price objective on shares of CubeSmart in a report on Tuesday, October 24th. SunTrust Banks reissued a “hold” rating and issued a $25.00 price objective on shares of CubeSmart in a report on Friday, October 27th. Zacks Investment Research raised shares of CubeSmart from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Monday, December 18th. Finally, B. Riley set a $32.00 price objective on shares of CubeSmart and gave the stock a “buy” rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.55.

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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 for CubeSmart (NYSE:CUBE)

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