CubeSmart (CUBE) Scheduled to Post Quarterly Earnings on Thursday

CubeSmart (NYSE:CUBE) is set to announce its earnings results after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.

Shares of CubeSmart (NYSE CUBE) opened at $26.16 on Tuesday. CubeSmart has a 1-year low of $22.83 and a 1-year high of $29.79. The stock has a market cap of $4,730.00, a price-to-earnings ratio of 40.25, a PEG ratio of 2.85 and a beta of 0.13. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.00.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.30 per share. This is a positive change from CubeSmart’s previous quarterly dividend of $0.27. The ex-dividend date 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 is presently 184.62%.

A number of equities research analysts have recently issued reports on CUBE shares. Robert W. Baird reaffirmed a “buy” rating and set a $27.00 target price on shares of CubeSmart in a report on Tuesday, October 17th. BidaskClub raised shares of CubeSmart from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Jefferies Group reaffirmed a “buy” rating and set a $30.00 target price on shares of CubeSmart in a report on Tuesday, October 24th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $28.00 target price on shares of CubeSmart in a report on Thursday, October 26th. Finally, FBR & Co reaffirmed a “buy” rating and set a $32.00 target price on shares of CubeSmart in a report on Friday, October 27th. 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 assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.55.

In other news, CEO Christopher P. Marr sold 6,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $29.33, for a total transaction of $175,980.00. Following the transaction, the chief executive officer now owns 410,138 shares of the company’s stock, valued at approximately $12,029,347.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Timothy M. Martin sold 83,409 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $29.32, for a total transaction of $2,445,551.88. Following 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. In the last three months, insiders have sold 167,425 shares of company stock worth $4,915,172. Corporate insiders own 1.20% of the company’s stock.

An institutional investor recently raised its position in CubeSmart stock. The Manufacturers Life Insurance Company increased its position in shares of CubeSmart (NYSE:CUBE) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,341 shares of the real estate investment trust’s stock after acquiring an additional 370 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in CubeSmart were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

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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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