NYSE:CUBECubeSmart Stock Price, Forecast & News

CubeSmart's stock was trading at $30.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CUBE stock has decreased by 15.2% and is now trading at $26.03. View which stocks have been mosted impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 4 sell ratings, 4 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, April 23rd 2020. View our earnings forecast for CubeSmart.

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

CubeSmart announced a quarterly dividend on Wednesday, February 19th. Stockholders 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 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend is Tuesday, March 31st. View CubeSmart's dividend history.

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 estimate of $1.72.

9 brokers have issued 12 month 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 $28.29 in the next year. This suggests a possible upside of 8.7% from the stock's current price. View analysts' price targets for CubeSmart.

Media stories about CUBE stock have trended very negative this week, according to InfoTrie. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CubeSmart earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutCubeSmart.

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

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

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), Chipotle Mexican Grill (CMG), Boeing (BA), Alibaba Group (BABA) and DIGITAL RLTY TR/SH (DLR).

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

CubeSmart's stock is owned by a number 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.

CUBE stock was acquired 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.

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 $26.03.

CubeSmart has a market capitalization of $5.04 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.

The official website for CubeSmart is http://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 610-535-5000.