NYSE:CUBECubeSmart Stock Price, Forecast & News

CubeSmart's stock was trading at $30.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CUBE stock has decreased by 0.7% and is now trading at $30.49.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 3 sell ratings, 7 hold ratings and 2 buy ratings 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, October 22nd 2020.
View our earnings forecast for CubeSmart.

CubeSmart (NYSE:CUBE) released its quarterly earnings results on Thursday, August, 6th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.39 by $0.19. The real estate investment trust had revenue of $163.80 million for the quarter, compared to analyst estimates of $162.55 million. CubeSmart had a net margin of 24.34% and a return on equity of 8.89%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share.
View CubeSmart's earnings history.

CubeSmart announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.33 per share on Thursday, October 15th. This represents a $1.32 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Wednesday, September 30th.
View CubeSmart's dividend history.

12 analysts have issued twelve-month target prices for CubeSmart's shares. Their forecasts range from $21.00 to $35.00. On average, they anticipate CubeSmart's share price to reach $29.91 in the next twelve months. This suggests that the stock has a possible downside of 1.9%.
View analysts' price targets for CubeSmart.

Headlines about CUBE stock have trended extremely negative on Thursday, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. CubeSmart earned a daily sentiment score of -4.1 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future.
View the latest news about CubeSmart.

CubeSmart saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,970,000 shares, an increase of 32.9% from the April 30th total of 3,740,000 shares. Based on an average trading volume of 2,020,000 shares, the days-to-cover ratio is presently 2.5 days.
View CubeSmart's Short Interest.

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), Rayonier (RYN), Sabra Health Care REIT (SBRA) and Potlatchdeltic (PCH).
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Based on aggregate information from My MarketBeat watchlists, some companies that other CubeSmart investors own include AT&T (T), Opko Health (OPK), Cisco Systems (CSCO), AbbVie (ABBV), Chipotle Mexican Grill (CMG), DIGITAL RLTY TR/SH (DLR), NVIDIA (NVDA), American Tower (AMT), Intel (INTC) and Micron Technology (MU).

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

CubeSmart's stock is owned by many different institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (4.30%), PGGM Investments (3.58%), Diamond Hill Capital Management Inc. (2.18%), Cbre Clarion Securities LLC (2.03%), Resolution Capital Ltd (1.81%) and Sumitomo Mitsui Trust Holdings Inc. (1.27%). 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 Bank of New York Mellon Corp, UBS Group AG, PGGM Investments, WINTON GROUP Ltd, Gateway Investment Advisers LLC, SG Americas Securities LLC, Raymond James & Associates, and Unigestion Holding SA. 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, Goldman Sachs Group Inc., Barclays PLC, Diamond Hill Capital Management Inc., Principal Financial Group Inc., First Trust Advisors LP, Duff & Phelps Investment Management Co., and Hill Winds Capital LP.
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 $30.49.

CubeSmart has a market capitalization of $5.90 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.