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NYSE:CUBECubeSmart Stock Price, Forecast & News

$26.45
+1.62 (+6.52 %)
(As of 04/7/2020 07:01 AM ET)
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Today's Range
$25.76
Now: $26.45
$26.75
50-Day Range
$20.85
MA: $28.38
$33.00
52-Week Range
$19.61
Now: $26.45
$36.32
Volume1.52 million shs
Average Volume2.74 million shs
Market Capitalization$5.12 billion
P/E Ratio29.72
Dividend Yield5.32%
Beta0.38
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 2019 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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Beat the Market (BTM) Rank

Analyst Opinion: 1.8Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.73 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP22966310
Phone610-535-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$643.91 million
Cash Flow$1.85 per share
Book Value$9.34 per share

Profitability

Net Income$169.12 million

Miscellaneous

Employees3,011
Market Cap$5.12 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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CubeSmart (NYSE:CUBE) Frequently Asked Questions

How has CubeSmart's stock been impacted by COVID-19 (Coronavirus)?

CubeSmart's stock was trading at $30.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CUBE shares have decreased by 13.8% and is now trading at $26.45. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CubeSmart?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 4 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for CubeSmart.

When is CubeSmart's next earnings date?

CubeSmart is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for CubeSmart.

How were CubeSmart's earnings last quarter?

CubeSmart (NYSE:CUBE) announced its quarterly earnings results on Thursday, October, 24th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.43 by $0.21. The real estate investment trust earned $166.55 million during the quarter, compared to analyst estimates of $164.01 million. CubeSmart had a return on equity of 9.50% and a net margin of 26.26%. CubeSmart's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. View CubeSmart's earnings history.

How often does CubeSmart pay dividends? What is the dividend yield for CubeSmart?

CubeSmart declared a quarterly dividend on Wednesday, February 19th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.33 per share on Wednesday, April 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Tuesday, March 31st. View CubeSmart's dividend history.

What guidance has CubeSmart issued on next quarter's earnings?

CubeSmart updated its FY20 earnings guidance on Thursday, February, 20th. The company provided earnings per share guidance of $1.67-1.71 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.72.

What price target have analysts set for CUBE?

8 analysts have issued 12-month price objectives for CubeSmart's stock. Their forecasts range from $21.00 to $36.00. On average, they anticipate CubeSmart's share price to reach $29.83 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price. View analysts' price targets for CubeSmart.

Has CubeSmart been receiving favorable news coverage?

Media coverage about CUBE stock has been trending very negative recently, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CubeSmart earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutCubeSmart.

Are investors shorting CubeSmart?

CubeSmart saw a drop in short interest in the month of March. As of March 13th, there was short interest totaling 5,948,100 shares, a drop of 11.4% from the February 27th total of 6,710,000 shares. Based on an average trading volume of 1,900,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 3.1% of the company's stock are sold short. View CubeSmart's Current Options Chain.

Who are some of CubeSmart's key competitors?

What other stocks do shareholders of CubeSmart own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CubeSmart investors own include AT&T (T), Cisco Systems (CSCO), Opko Health (OPK), Micron Technology (MU), NVIDIA (NVDA), AbbVie (ABBV), Boeing (BA), Alibaba Group (BABA), Chipotle Mexican Grill (CMG) and DIGITAL RLTY TR/SH (DLR).

Who are CubeSmart's key executives?

CubeSmart's management team includes the following people:
  • Mr. Christopher P. Marr, CEO, Pres & Trustee (Age 54)
  • Mr. Timothy M. Martin, CFO & Treasurer (Age 48)
  • Mr. Jeffrey P. Foster, Sr. VP, Chief Legal Officer & Sec. (Age 49)
  • Mr. Joel Keaton, Sr. VP of Operations (Age 47)
  • Mr. Charles W. Place, Director, Investor Relations

What is CubeSmart's stock symbol?

CubeSmart trades on the New York Stock Exchange (NYSE) under the ticker symbol "CUBE."

Who are CubeSmart's major shareholders?

CubeSmart's stock is owned by a variety of institutional and retail investors. Top institutional investors include Timbercreek Investment Management Inc. (0.10%) and Pensionfund Sabic (0.01%). Company insiders that own CubeSmart stock include Christopher P Marr, Jeffrey P Foster, Jonathan L Perry and Timothy M Martin. View institutional ownership trends for CubeSmart.

Which institutional investors are buying CubeSmart stock?

CUBE stock was purchased by a variety of institutional investors in the last quarter, including Timbercreek Investment Management Inc., and Pensionfund Sabic. View insider buying and selling activity for CubeSmart.

How do I buy shares of CubeSmart?

Shares of CUBE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is CubeSmart's stock price today?

One share of CUBE stock can currently be purchased for approximately $26.45.

How big of a company is CubeSmart?

CubeSmart has a market capitalization of $5.12 billion and generates $643.91 million in revenue each year. The real estate investment trust earns $169.12 million in net income (profit) each year or $1.69 on an earnings per share basis. CubeSmart employs 3,011 workers across the globe. View additional information about CubeSmart.

What is CubeSmart's official website?

The official website for CubeSmart is http://www.cubesmart.com/.

How can I contact CubeSmart?

CubeSmart's mailing address is 5 OLD LANCASTER ROAD, MALVERN PA, 19355. The real estate investment trust can be reached via phone at 610-535-5000.

This page was last updated on 4/7/2020 by MarketBeat.com Staff

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