CubeSmart (NYSE:CUBE) – Research analysts at DA Davidson boosted their FY2018 EPS estimates for shares of CubeSmart in a research note issued on Friday, October 26th. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will post earnings per share of $1.64 for the year, up from their prior estimate of $1.61. DA Davidson also issued estimates for CubeSmart’s Q1 2019 earnings at $0.39 EPS, Q1 2020 earnings at $0.44 EPS, Q2 2020 earnings at $0.45 EPS, Q3 2020 earnings at $0.46 EPS and FY2020 earnings at $1.82 EPS.
CubeSmart (NYSE:CUBE) last released its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). CubeSmart had a return on equity of 9.42% and a net margin of 26.43%. The firm had revenue of $153.37 million for the quarter, compared to analyst estimates of $150.76 million.
NYSE:CUBE opened at $29.36 on Monday. CubeSmart has a twelve month low of $25.22 and a twelve month high of $33.18. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 3.46 and a beta of 0.07.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. bought a new position in shares of CubeSmart in the third quarter valued at approximately $20,529,000. Congress Asset Management Co. MA boosted its stake in shares of CubeSmart by 10.9% in the 3rd quarter. Congress Asset Management Co. MA now owns 161,754 shares of the real estate investment trust’s stock valued at $4,615,000 after purchasing an additional 15,841 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of CubeSmart in the 3rd quarter valued at $223,000. First Trust Advisors LP boosted its stake in shares of CubeSmart by 14.2% in the 3rd quarter. First Trust Advisors LP now owns 172,877 shares of the real estate investment trust’s stock valued at $4,932,000 after purchasing an additional 21,470 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of CubeSmart by 14.0% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 24,434 shares of the real estate investment trust’s stock valued at $697,000 after purchasing an additional 3,000 shares in the last quarter.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Friday, September 28th. CubeSmart’s payout ratio is presently 75.47%.
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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