CubeSmart Company Profile (NYSE:CUBE)

About CubeSmart (NYSE:CUBE)

CubeSmart logoCubeSmart 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. Its storage facilities offer lockers, mini storage units and large 10 feet x 30 feet storage rooms. The Company offers various storage options, including household and personal storage, business storage, vehicle and car storage, recreational vehicle (RV) storage, boat storage, motorcycle storage, moving storage and military storage. It also offers CubeSmart Services. As of December 31, 2016, the Company owned 475 self-storage properties located in 23 states and in the District of Columbia. In addition, as of December 31, 2016, it had managed 316 stores for third parties. Its self-storage properties are located in metropolitan areas, as well as suburban areas.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Self-Storage REITs
  • Sub-Industry: Specialized REITs
  • Symbol: NYSE:CUBE
  • CUSIP: 22966310
  • Web: www.cubesmart.com
Capitalization:
  • Market Cap: $4.33 billion
  • Outstanding Shares: 180,177,000
Average Prices:
  • 50 Day Moving Avg: $24.07
  • 200 Day Moving Avg: $25.60
  • 52 Week Range: $22.83 - $31.01
P/E:
  • Trailing P/E Ratio: 47.51
  • Foreward P/E Ratio: 34.34
  • P/E Growth: 4.50
Sales & Book Value:
  • Annual Revenue: $521.28 million
  • Price / Sales: 8.31
  • Book Value: $9.06 per share
  • Price / Book: 2.65
Dividend:
  • Annual Dividend: $1.08
  • Dividend Yield: 4.5%
Profitability:
  • EBIDTA: $316.69 million
  • Net Margins: 18.53%
  • Return on Equity: 5.80%
  • Return on Assets: 2.84%
Debt:
  • Debt-to-Equity Ratio: 0.98%
  • Current Ratio: 0.09%
  • Quick Ratio: 0.09%
Misc:
  • Average Volume: 1.77 million shs.
  • Beta: 0.19
  • Short Ratio: 5.62
 
Frequently Asked Questions for CubeSmart (NYSE:CUBE)

What is CubeSmart's stock symbol?

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

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

CubeSmart announced a quarterly dividend on Thursday, June 1st. Investors of record on Monday, July 3rd will be given a dividend of $0.27 per share on Monday, July 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, June 29th. View CubeSmart's Dividend History.

How were CubeSmart's earnings last quarter?

CubeSmart (NYSE:CUBE) issued its quarterly earnings data on Thursday, April, 27th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.36. The firm had revenue of $133 million for the quarter, compared to analysts' expectations of $133.30 million. CubeSmart had a net margin of 18.53% and a return on equity of 5.80%. CubeSmart's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. View CubeSmart's Earnings History.

When will CubeSmart make its next earnings announcement?

CubeSmart is scheduled to release their next quarterly earnings announcement on Wednesday, July, 26th 2017. View Earnings Estimates for CubeSmart.

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

CubeSmart issued an update on its FY17 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $1.52-1.57 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.55.

Where is CubeSmart's stock going? Where will CubeSmart's stock price be in 2017?

8 brokerages have issued twelve-month target prices for CubeSmart's shares. Their predictions range from $25.00 to $33.00. On average, they expect CubeSmart's stock price to reach $29.75 in the next year. View Analyst Ratings for CubeSmart.

Who are some of CubeSmart's key competitors?

Who are CubeSmart's key executives?

CubeSmart's management team includes the folowing people:

  • Christopher Paul Marr, President, Chief Executive Officer, Trustee
  • Timothy M. Martin, Chief Financial Officer, Treasurer
  • Jeffrey P. Foster, Senior Vice President, Chief Legal Officer, Secretary
  • William M. Diefenderfer III, Non-Executive Independent Chairman of the Board of Trustees
  • Piero Bussani, Independent Trustee
  • John W. Fain, Independent Trustee
  • Marianne M. Keler, Independent Trustee
  • John F. Remondi, Independent Trustee

Who owns CubeSmart stock?

CubeSmart's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Sit Investment Associates Inc. (0.32%), Manning & Napier Advisors LLC (0.19%), Bank of Montreal Can (0.11%), State of Alaska Department of Revenue (0.07%), Gateway Investment Advisers LLC (0.06%) and Forsta AP Fonden (0.04%). View Institutional Ownership Trends for CubeSmart.

Who sold CubeSmart stock? Who is selling CubeSmart stock?

CubeSmart's stock was sold by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Manning & Napier Advisors LLC and Adams Diversified Equity Fund Inc.. View Insider Buying and Selling for CubeSmart.

Who bought CubeSmart stock? Who is buying CubeSmart stock?

CubeSmart's stock was purchased by a variety of institutional investors in the last quarter, including Sit Investment Associates Inc., Bank of Montreal Can, Forsta AP Fonden, State of Alaska Department of Revenue, Quantitative Systematic Strategies LLC, Fox Run Management L.L.C., US Bancorp DE and Private Capital Management Inc.. View Insider Buying and Selling for CubeSmart.

How do I buy CubeSmart stock?

Shares of CubeSmart can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is CubeSmart's stock price today?

One share of CubeSmart stock can currently be purchased for approximately $24.04.


MarketBeat Community Rating for CubeSmart (NYSE CUBE)
Community Ranking:  3.2 out of 5 (  )
Outperform Votes:  218 (Vote Outperform)
Underperform Votes:  123 (Vote Underperform)
Total Votes:  341
MarketBeat's community ratings are surveys of what our community members think about CubeSmart and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for CubeSmart (NYSE:CUBE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 3 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: $29.75 (23.75% upside)

Analysts' Ratings History for CubeSmart (NYSE:CUBE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/20/2017Bank of America CorporationDowngradeNeutral -> Underperform$27.75 -> $25.00MediumView Rating Details
5/22/2017Cantor FitzgeraldLower Price TargetOverweight$30.00 -> $29.00LowView Rating Details
5/11/2017Citigroup Inc.Reiterated RatingNeutral$29.00 -> $27.00LowView Rating Details
4/18/2017Jefferies Group LLCReiterated RatingBuy$31.00LowView Rating Details
3/22/2017BMO Capital MarketsSet Price TargetBuy$29.00LowView Rating Details
10/28/2016FBR & CoReiterated RatingBuy$32.00N/AView Rating Details
8/9/2016Evercore ISIDowngradeBuy -> HoldN/AView Rating Details
7/25/2016SunTrust Banks, Inc.DowngradeBuy -> Neutral$37.00 -> $33.00N/AView Rating Details
6/24/2016DA DavidsonInitiated CoverageNeutral$35.00N/AView Rating Details
11/13/2015Raymond James Financial, Inc.DowngradeStrong-Buy -> OutperformN/AView Rating Details
11/10/2015BB&T CorporationInitiated CoverageBuy$32.50 -> $32.50N/AView Rating Details
9/8/2015Evercore Partners IncLower Price TargetBuy$28.00 -> $27.50N/AView Rating Details
(Data available from 7/24/2015 forward)

Earnings

Earnings History for CubeSmart (NYSE:CUBE)
Earnings by Quarter for CubeSmart (NYSE:CUBE)
Earnings History by Quarter for CubeSmart (NYSE CUBE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/26/2017        
4/27/2017Q1 2017$0.36$0.36$133.30 million$133.00 millionViewN/AView Earnings Details
2/16/2017Q416$0.37$0.38$131.57 million$132.50 millionViewN/AView Earnings Details
10/27/2016Q316$0.36$0.38$131.19 million$132.10 millionViewN/AView Earnings Details
7/28/2016Q216$0.35$0.36$124.94 million$126.53 millionViewN/AView Earnings Details
4/28/2016Q116$0.32$0.32$117.98 million$118.87 millionViewN/AView Earnings Details
2/18/2016Q415$0.32$0.32$115.63 million$114.99 millionViewListenView Earnings Details
11/5/2015Q315$0.32$0.34$112.65 million$115.97 millionViewN/AView Earnings Details
8/6/2015Q215$0.30$0.31$107.55 million$109.90 millionViewN/AView Earnings Details
4/30/2015Q115$0.27$0.28$103.41 million$103.70 millionViewN/AView Earnings Details
2/26/2015Q414$0.27$0.28$98.45 million$100.27 millionViewN/AView Earnings Details
8/7/2014Q214$0.25$0.27$90.98 million$92.34 millionViewN/AView Earnings Details
5/1/2014Q114$0.23$0.23$86.60 million$87.27 millionViewN/AView Earnings Details
2/27/2014Q413$0.23$0.23$83.42 million$82.96 millionViewN/AView Earnings Details
11/8/2013Q313$0.24$0.25$84.32 million$82.83 millionViewN/AView Earnings Details
8/8/2013Q213$0.21$0.23$78.91 million$82.30 millionViewN/AView Earnings Details
5/2/2013$0.20$0.20$77.15 million$78.50 millionViewN/AView Earnings Details
2/21/2013Q412$0.20$0.21$73.20 million$77.37 millionViewN/AView Earnings Details
11/8/2012$0.19$0.19$70.94 million$74.13 millionViewN/AView Earnings Details
8/2/2012$0.18$0.18ViewN/AView Earnings Details
5/3/2012$0.16$0.16ViewN/AView Earnings Details
2/23/2012$0.15$0.17ViewN/AView Earnings Details
11/3/2011$0.17$0.18ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CubeSmart (NYSE:CUBE)
Current Year EPS Consensus Estimate: $0.67 EPS
Next Year EPS Consensus Estimate: $0.70 EPS

Dividends

Current Dividend Information for CubeSmart (NYSE:CUBE)
Most Recent Dividend:7/17/2017
Annual Dividend:$1.08
Dividend Yield:4.49%
Dividend Growth:24.10% (3 Year Average)
Payout Ratio:211.77% (Trailing 12 Months of Earnings)
161.19% (Based on This Year's Estimates)
154.29% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for CubeSmart (NYSE:CUBE)

Dividend History by Quarter for CubeSmart (NYSE CUBE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
6/1/2017quarterly$0.274.43%6/29/20177/3/20177/17/2017
2/15/2017quarterly$0.274.27%3/30/20174/3/20174/17/2017
12/16/2016quarterly$0.274.15%12/29/20161/3/20171/17/2017
8/3/2016quarterly$0.212.91%9/29/201610/3/201610/17/2016
6/2/2016quarterly$0.212.63%6/29/20167/1/20167/15/2016
2/17/2016quarterly$0.212.86%3/30/20164/1/20164/15/2016
12/11/2015quarterly$0.212.86%12/30/20151/4/20161/15/2016
8/5/2015quarterly$0.162.49%9/29/201510/1/201510/15/2015
5/28/2015quarterly$0.162.66%6/29/20157/1/20157/15/2015
2/25/2015quarterly$0.162.71%3/30/20154/1/20154/15/2015
12/17/2014quarterly$0.162.93%12/30/20141/2/20151/15/2015
8/5/2014quarterly$0.132.84%9/29/201410/1/201410/15/2014
5/28/2014quarterly$0.132.86%6/27/20147/1/20147/15/2014
2/25/2014quarterly$0.132.95%3/28/20144/1/20144/15/2014
12/19/2013quarterly$0.133.23%12/30/20131/2/20141/15/2014
8/7/2013quarterly$0.112.59%9/27/201310/1/201310/15/2013
5/29/2013quarterly$0.112.77%6/27/20137/1/20137/15/2013
4/8/2013quarterly$0.113.05%3/27/20134/1/20134/15/2013
4/8/2013quarterly$0.113.12%12/27/20121/1/20131/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for CubeSmart (NYSE:CUBE)
Insider Ownership Percentage: 1.20%
Insider Trades by Quarter for CubeSmart (NYSE:CUBE)
Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)
Insider Trades by Quarter for CubeSmart (NYSE:CUBE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/9/2016William M Diefenderfer IIIDirectorSell2,961$27.25$80,687.25View SEC Filing  
5/4/2015Jeffrey P FosterVPSell108,376$23.64$2,562,008.64View SEC Filing  
12/8/2014Christopher P MarrCEOSell175,364$21.50$3,770,326.00View SEC Filing  
11/11/2013Dean JerniganCEOSell10,000$16.88$168,800.00View SEC Filing  
8/14/2013Dean JerniganCEOSell120,000$17.85$2,142,000.00View SEC Filing  
6/14/2013Dean JerniganCEOSell50,000$15.57$778,500.00View SEC Filing  
5/20/2013Jeffrey P FosterVPSell10,500$17.22$180,810.00View SEC Filing  
5/13/2013Dean JerniganCEOSell73,214$17.09$1,251,227.26View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for CubeSmart (NYSE:CUBE)
Latest Headlines for CubeSmart (NYSE:CUBE)
Source:
DateHeadline
americanbankingnews.com logoCubeSmart (CUBE) Upgraded to Sell at BidaskClub
www.americanbankingnews.com - July 23 at 6:52 PM
americanbankingnews.com logoAnalyzing National Storage Affiliates Trust (NSA) and CubeSmart (CUBE)
www.americanbankingnews.com - July 23 at 7:50 AM
americanbankingnews.com logoContrasting CubeSmart (NYSE:CUBE) & Extra Space Storage (EXR)
www.americanbankingnews.com - July 22 at 6:51 PM
americanbankingnews.com logoCubeSmart (CUBE) Rating Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - July 22 at 9:04 AM
seekingalpha.com logoCubeSmart and Extra Space Storage downgraded at BAML
seekingalpha.com - July 21 at 12:42 AM
finance.yahoo.com logoCubeSmart breached its 50 day moving average in a Bullish Manner : CUBE-US : July 20, 2017
finance.yahoo.com - July 20 at 7:39 PM
americanbankingnews.com logoCubeSmart (NYSE:CUBE) Rating Lowered to Underperform at Bank of America Corporation
www.americanbankingnews.com - July 20 at 8:43 AM
seekingalpha.com logoSelf-Storage REITs: Is Now The Time To Buy The Dip?
seekingalpha.com - July 11 at 11:50 PM
nasdaq.com logoCubeSmart Enters Oversold Territory
www.nasdaq.com - July 11 at 6:50 PM
americanbankingnews.com logoInvestors Buy High Volume of Put Options on CubeSmart (CUBE)
www.americanbankingnews.com - July 9 at 7:12 AM
streetinsider.com logoUnusual Put Buying in CubeSmart (CUBE) Suggests Cautious Sentiment Into 7/27 Earnings Announcement -Susquehanna
www.streetinsider.com - July 6 at 11:54 PM
americanbankingnews.com logoPublic Storage (PSA) and CubeSmart (NYSE:CUBE) Critical Comparison
www.americanbankingnews.com - July 6 at 8:28 PM
seekingalpha.com logoJernigan Capital closes three new development deals
seekingalpha.com - July 6 at 6:53 PM
americanbankingnews.com logoCubeSmart (NYSE:CUBE) Upgraded at BidaskClub
www.americanbankingnews.com - July 5 at 11:40 PM
americanbankingnews.com logoReviewing CubeSmart (NYSE:CUBE) and National Storage Affiliates Trust (NSA)
www.americanbankingnews.com - July 4 at 10:26 AM
americanbankingnews.com logo Brokerages Expect CubeSmart (CUBE) Will Announce Quarterly Sales of $137.02 Million
www.americanbankingnews.com - June 30 at 3:20 PM
americanbankingnews.com logo Brokerages Expect CubeSmart (CUBE) to Post $0.39 Earnings Per Share
www.americanbankingnews.com - June 28 at 8:02 AM
seekingalpha.com logoWill PSA Become A 4%-Plus Yielder On Cost Stock In The Near Future?
seekingalpha.com - June 28 at 2:54 AM
americanbankingnews.com logoCubeSmart (CUBE) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - June 27 at 8:32 PM
bizjournals.com logoRegency Affiliates Announces Quarterly Dividend
www.bizjournals.com - June 26 at 5:23 PM
finance.yahoo.com logoCubeSmart Announces the Date of Its Second Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - June 26 at 5:23 PM
nasdaq.com logoFirst Week of February 2018 Options Trading For CubeSmart (CUBE)
www.nasdaq.com - June 25 at 2:56 AM
bizjournals.com logoHere's how Houston's self-storage industry is faring
www.bizjournals.com - June 22 at 10:37 AM
seekingalpha.com logoStorage Wars: Self-Storage REITs Continue To Decline Amid Intense Competition
seekingalpha.com - June 21 at 5:51 PM
247wallst.com logoHome Prices Are Going Higher This Summer: Stocks to Buy That Benefit
247wallst.com - June 19 at 1:59 PM
americanbankingnews.com logo Brokerages Expect CubeSmart (CUBE) Will Post Quarterly Sales of $137.02 Million
www.americanbankingnews.com - June 4 at 10:32 AM
americanbankingnews.com logoCubeSmart (CUBE) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - June 2 at 12:49 PM
americanbankingnews.com logo$0.39 Earnings Per Share Expected for CubeSmart (CUBE) This Quarter
www.americanbankingnews.com - June 2 at 9:50 AM
americanbankingnews.com logoCubeSmart Announces Quarterly Dividend of $0.27 (CUBE)
www.americanbankingnews.com - June 1 at 5:56 PM
nasdaq.com logoCubeSmart is Oversold
www.nasdaq.com - June 1 at 5:12 PM
globenewswire.com logoCubeSmart Declares Second Quarter 2017 Dividend
globenewswire.com - May 31 at 4:38 PM
finance.yahoo.com logoCubeSmart Declares Second Quarter 2017 Dividend 
finance.yahoo.com - May 31 at 4:38 PM
americanbankingnews.com logoCubeSmart (CUBE) Given "Overweight" Rating at Cantor Fitzgerald
www.americanbankingnews.com - May 22 at 11:30 AM
nasdaq.com logoThe Guide to REIT Investing in a Rising Rate Environment
www.nasdaq.com - May 18 at 4:29 PM
americanbankingnews.com logoCitigroup Inc Reiterates "Neutral" Rating for CubeSmart (CUBE)
www.americanbankingnews.com - May 11 at 8:32 PM
americanbankingnews.com logo$137.15 Million in Sales Expected for CubeSmart (CUBE) This Quarter
www.americanbankingnews.com - May 10 at 9:46 AM
nasdaq.com logoSelf-Storage REITs: Poised for 18% (or more) Annual Returns
www.nasdaq.com - May 9 at 4:32 PM
prnewswire.com logoHow These REIT Stocks are Faring? -- Prologis, Duke Realty, CubeSmart, and Extra Space Storage
www.prnewswire.com - May 9 at 8:01 AM
americanbankingnews.com logo$0.38 EPS Expected for CubeSmart (CUBE) This Quarter
www.americanbankingnews.com - May 8 at 8:14 PM
americanbankingnews.com logoCubeSmart (CUBE) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - May 8 at 1:32 PM
americanbankingnews.com logoPositive News Coverage Likely to Affect CubeSmart (CUBE) Stock Price
www.americanbankingnews.com - May 4 at 6:30 PM
americanbankingnews.com logoCubeSmart (CUBE) Upgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - May 4 at 12:56 AM
seekingalpha.com logoWhy REITs 4 Alpha Just Bought Self-Storage REIT CubeSmart
seekingalpha.com - May 3 at 7:17 PM
americanbankingnews.com logoCubeSmart (CUBE) Given Coverage Optimism Score of -0.17
www.americanbankingnews.com - May 1 at 1:26 PM
finance.yahoo.com logoEdited Transcript of CUBE earnings conference call or presentation 28-Apr-17 3:00pm GMT
finance.yahoo.com - May 1 at 8:16 AM
americanbankingnews.com logoCubeSmart (CUBE) Issues FY17 Earnings Guidance
www.americanbankingnews.com - April 29 at 1:29 AM
bizjournals.com logoFine Print: Student housing complex up for sale, expansion plans proposed for the Meadows
www.bizjournals.com - April 28 at 5:33 PM
finance.yahoo.com logoCubeSmart breached its 50 day moving average in a Bearish Manner : CUBE-US : April 28, 2017
finance.yahoo.com - April 28 at 5:33 PM
americanbankingnews.com logoCubeSmart (CUBE) Posts Quarterly Earnings Results, Hits Estimates
www.americanbankingnews.com - April 27 at 11:20 PM
seekingalpha.com logoCubeSmart FFO in-line, beats on revenue
seekingalpha.com - April 27 at 10:09 PM

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Chart

CubeSmart (CUBE) Chart for Monday, July, 24, 2017

This page was last updated on 7/24/2017 by MarketBeat.com Staff