News coverage about CubeSmart (NYSE:CUBE) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CubeSmart earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.5135158594425 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- More stuff than space: Self-storage is the latest boom in St. Petersburg (tampabay.com)
- Bellerophon Therapeutics, Inc. (BLPH) Reaches $2.12 After 6.00% Up Move; Diamond Hill Capital Management Has … (mtastar.com)
- CubeSmart (CUBE) Is Attracting Massive Concentrations By Volume Analysis (investingbizz.com)
- Trading summary of Watch List stock – CubeSmart (CUBE) (wallstreetmorning.com)
- Why do so many self-storage places keep popping up in Austin? (austinmonitor.com)
A number of equities research analysts have recently weighed in on the stock. ValuEngine raised shares of CubeSmart from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. Cantor Fitzgerald set a $31.00 price objective on shares of CubeSmart and gave the company a “buy” rating in a report on Friday, March 9th. Zacks Investment Research raised shares of CubeSmart from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Jefferies Group set a $32.00 price objective on shares of CubeSmart and gave the company a “buy” rating in a report on Monday, March 5th. Finally, BMO Capital Markets raised shares of CubeSmart from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $27.00 to $30.00 in a report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CubeSmart has a consensus rating of “Buy” and an average price target of $30.00.
CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. CubeSmart had a net margin of 24.02% and a return on equity of 8.39%. The company had revenue of $143.48 million for the quarter, compared to analyst estimates of $143.18 million. During the same period in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. sell-side analysts anticipate that CubeSmart will post 1.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.31%. The ex-dividend date is Thursday, March 29th. CubeSmart’s payout ratio is 75.47%.
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CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2018 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.
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