NYSE:CUBE - CubeSmart Stock Price, Forecast & News

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

CubeSmart announced a quarterly dividend on Wednesday, February 19th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share on Wednesday, April 15th. This represents a $1.32 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Tuesday, March 31st. View CubeSmart's Dividend History.

CubeSmart (NYSE:CUBE) released its quarterly earnings data on Thursday, October, 24th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by $0.21. The real estate investment trust earned $166.55 million during the quarter, compared to the consensus estimate of $164.01 million. CubeSmart had a net margin of 26.26% and a return on equity of 9.55%. CubeSmart's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. View CubeSmart's Earnings History.

CubeSmart is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for CubeSmart.

CubeSmart issued an update on its FY20 earnings guidance on Thursday, February, 20th. The company provided earnings per share (EPS) guidance of $1.67-1.71 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.72.

8 equities research analysts have issued 1-year price objectives for CubeSmart's shares. Their forecasts range from $28.00 to $36.00. On average, they expect CubeSmart's share price to reach $32.67 in the next year. This suggests a possible upside of 0.1% from the stock's current price. View Analyst Price Targets for CubeSmart.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 4 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for CubeSmart.

Media coverage about CUBE stock has been trending very negative this week, InfoTrie reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CubeSmart earned a news sentiment score of -3.2 on InfoTrie's scale. They also gave media 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 impact on the company's share price in the near term. View News Stories for CubeSmart.

CubeSmart saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 6,560,000 shares, a drop of 17.6% from the January 15th total of 7,960,000 shares. Based on an average daily trading volume, of 1,830,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 3.4% of the company's 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), Ventas (VTR), Weyerhaeuser (WY), HCP (HCP), Extra Space Storage (EXR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), Life Storage (LSI), EPR Properties (EPR), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP) and Sabra Health Care REIT (SBRA).

Based on aggregate information from My MarketBeat watchlists, some companies that other CubeSmart investors own include Opko Health (OPK), AT&T (T), Cisco Systems (CSCO), Micron Technology (MU), NVIDIA (NVDA), Chipotle Mexican Grill (CMG), KB Home (KBH), Simon Property Group (SPG), Starbucks (SBUX) and AbbVie (ABBV).

CubeSmart's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (10.10%), Alliancebernstein L.P. (3.98%), Principal Financial Group Inc. (3.89%), State Street Corp (3.76%), PGGM Investments (3.67%) and Lasalle Investment Management Securities LLC (2.10%). 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 sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Alliancebernstein L.P., Resolution Capital Ltd, State Street Corp, Bank of New York Mellon Corp, Goldman Sachs Group Inc., Cohen & Steers Inc. and Marshall Wace LLP. Company insiders that have sold CubeSmart company stock in the last year include Christopher P Marr, Jeffrey P Foster and Timothy M Martin. View Insider Buying and Selling for CubeSmart.

CUBE stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, PGGM Investments, Echo Street Capital Management LLC, Brookfield Public Securities Group LLC, Bank of America Corp DE, Credit Suisse AG, Schroder Investment Management Group and Lasalle Investment Management Securities LLC. View Insider Buying and Selling 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 $32.63.

CubeSmart has a market capitalization of $6.32 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 2,815 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.