NYSE:CUBECubeSmart Stock Price, Forecast & News

CubeSmart's stock was trading at $30.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CUBE shares have decreased by 3.8% and is now trading at $29.54. View which stocks have been most impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 4 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for CubeSmart.

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

CubeSmart (NYSE:CUBE) posted its quarterly earnings data on Thursday, May, 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.40 by $0.20. The real estate investment trust had revenue of $164.08 million for the quarter, compared to analyst estimates of $162.56 million. CubeSmart had a net margin of 26.18% and a return on equity of 9.53%. The company's revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. View CubeSmart's earnings history.

CubeSmart announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.33 per share on Wednesday, July 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Tuesday, June 30th. View CubeSmart's dividend history.

10 brokers have issued 1-year price targets for CubeSmart's shares. Their forecasts range from $21.00 to $35.00. On average, they anticipate CubeSmart's share price to reach $28.63 in the next twelve months. This suggests that the stock has a possible downside of 3.1%. View analysts' price targets for CubeSmart.

News coverage about CUBE stock has trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. CubeSmart earned a daily sentiment score of -3.1 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutCubeSmart.

Some companies that are related to CubeSmart include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), HCP (HCP), Extra Space Storage (EXR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), Life Storage (LSI), Healthcare Realty Trust (HR), Sabra Health Care REIT (SBRA), Rayonier (RYN) and EPR Properties (EPR). View all competitors.

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), AbbVie (ABBV), Chipotle Mexican Grill (CMG), DIGITAL RLTY TR/SH (DLR), Micron Technology (MU), NVIDIA (NVDA), American Tower (AMT) and Intel (INTC).

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

CubeSmart's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.12%), Alliancebernstein L.P. (4.97%), Principal Financial Group Inc. (4.12%), State Street Corp (3.84%), JPMorgan Chase & Co. (2.65%) and Diamond Hill Capital Management Inc. (1.96%). Company insiders that own CubeSmart stock include Christopher P Marr, Jeffrey P Foster and Timothy M Martin. View institutional ownership trends for CubeSmart.

CUBE stock was sold by a variety of institutional investors in the last quarter, including Echo Street Capital Management LLC, Aew Capital Management L P, Janus Henderson Group PLC, Cbre Clarion Securities LLC, Two Sigma Investments LP, Balyasny Asset Management LLC, Schroder Investment Management Group, and WINTON GROUP Ltd. Company insiders that have sold CubeSmart company stock in the last year include Christopher P Marr, and Timothy M Martin. View insider buying and selling activity for CubeSmart.

CUBE stock was purchased by a variety of institutional investors in the last quarter, including Resolution Capital Ltd, Sumitomo Mitsui Trust Holdings Inc., Alliancebernstein L.P., Nuveen Asset Management LLC, Centersquare Investment Management LLC, Invesco Ltd., Principal Financial Group Inc., and JPMorgan Chase & Co.. View insider buying and selling activity for 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.

One share of CUBE stock can currently be purchased for approximately $29.54.

CubeSmart has a market capitalization of $5.72 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.

The official website for CubeSmart is www.cubesmart.com.

CubeSmart's mailing address is 5 OLD LANCASTER ROAD, MALVERN PA, 19355. The real estate investment trust can be reached via phone at 610-535-5700.