CubeSmart (CUBE) to Release Earnings on Thursday

CubeSmart (NYSE:CUBE) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect CubeSmart to post earnings of $0.64 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

CubeSmart Price Performance

CUBE stock opened at $42.15 on Tuesday. The stock has a market capitalization of $9.48 billion, a PE ratio of 23.29 and a beta of 0.69. The company’s 50-day moving average is $43.86 and its 200-day moving average is $42.23. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.04 and a quick ratio of 0.04. CubeSmart has a 1 year low of $33.17 and a 1 year high of $47.81.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.84%. CubeSmart’s dividend payout ratio (DPR) is presently 112.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of CubeSmart from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Monday, March 4th. Jefferies Financial Group raised shares of CubeSmart from a “hold” rating to a “buy” rating and raised their price target for the company from $38.00 to $53.00 in a research report on Tuesday, January 2nd. Wells Fargo & Company raised their price target on shares of CubeSmart from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Barclays assumed coverage on shares of CubeSmart in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $48.00 price target on the stock. Finally, Raymond James reaffirmed an “outperform” rating and issued a $48.00 price target on shares of CubeSmart in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, CubeSmart presently has an average rating of “Hold” and a consensus price target of $46.33.

About CubeSmart

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, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.