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 8.8% and is now trading at $28.00. 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 EPS for the quarter, missing the consensus estimate of $0.40 by $0.20. The real estate investment trust earned $164.08 million during the quarter, compared to analysts' expectations of $162.56 million. CubeSmart had a return on equity of 9.53% and a net margin of 26.18%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share. View CubeSmart's earnings history.

CubeSmart announced a quarterly dividend on Tuesday, May 12th. Shareholders of record on Wednesday, July 1st will be paid 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 4.71%. The ex-dividend date is Tuesday, June 30th. View CubeSmart's dividend history.

10 equities research analysts have issued 1 year target prices for CubeSmart's shares. Their forecasts range from $21.00 to $35.00. On average, they anticipate CubeSmart's stock price to reach $28.63 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price. View analysts' price targets for CubeSmart.

Media coverage about CUBE stock has been trending negative this week, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. CubeSmart earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about CubeSmart.

Some companies that are related to CubeSmart include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), HCP (HCP), Ventas (VTR), 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 National Health Investors (NHI). 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 number of retail and institutional investors. Top institutional investors include Timbercreek Investment Management Inc. (0.09%), Pensionfund DSM Netherlands (0.04%) and Pensionfund Sabic (0.02%). 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 Timbercreek Investment Management Inc.. 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 Pensionfund DSM Netherlands, 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 $28.00.

CubeSmart has a market capitalization of $5.42 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.