NYSE:CUBE - CubeSmart Stock Price, News, & Analysis

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$29.60 -0.88 (-2.89 %)
(As of 02/22/2019 07:19 AM ET)
Previous Close$30.48
Today's Range$29.36 - $30.36
52-Week Range$25.96 - $33.18
Volume3.27 million shs
Average Volume1.21 million shs
Market Capitalization$5.51 billion
P/E Ratio18.62
Dividend Yield4.20%
Beta0.31
CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2018 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP22966310
Phone610-535-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$558.94 million
Cash Flow$1.5172 per share
Book Value$9.04 per share

Profitability

Net Income$134.28 million

Miscellaneous

Employees2,508
Market Cap$5.51 billion
Next Earnings DateN/A
OptionableOptionable

CubeSmart (NYSE:CUBE) Frequently Asked Questions

What is CubeSmart's stock symbol?

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

How often does CubeSmart pay dividends? What is the dividend yield for CubeSmart?

CubeSmart declared a quarterly dividend on Wednesday, February 20th. Stockholders of record on Monday, April 1st will be given a dividend of $0.32 per share on Monday, April 15th. This represents a $1.28 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, March 29th. View CubeSmart's Dividend History.

How were CubeSmart's earnings last quarter?

CubeSmart (NYSE:CUBE) issued its quarterly earnings results on Thursday, February, 21st. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The real estate investment trust had revenue of $134.74 million for the quarter, compared to analyst estimates of $154.27 million. CubeSmart had a net margin of 26.43% and a return on equity of 9.34%. CubeSmart's quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. View CubeSmart's Earnings History.

How can I listen to CubeSmart's earnings call?

CubeSmart will be holding an earnings conference call on Friday, February 22nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8775063281.

What guidance has CubeSmart issued on next quarter's earnings?

CubeSmart updated its FY19 earnings guidance on Thursday, February, 21st. The company provided earnings per share guidance of $1.64-1.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.67. CubeSmart also updated its FY 2019 guidance to $1.64-1.69 EPS.

What price target have analysts set for CUBE?

7 brokers have issued 1-year price objectives for CubeSmart's shares. Their forecasts range from $25.22 to $37.00. On average, they anticipate CubeSmart's share price to reach $31.3171 in the next year. This suggests a possible upside of 5.8% from the stock's current price. View Analyst Price Targets for CubeSmart.

What is the consensus analysts' recommendation for CubeSmart?

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

Has CubeSmart been receiving favorable news coverage?

News coverage about CUBE stock has trended very negative on Friday, InfoTrie reports. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. CubeSmart earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the near term.

Who are some of CubeSmart's key competitors?

What other stocks do shareholders of CubeSmart own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CubeSmart investors own include NVIDIA (NVDA), Alibaba Group (BABA), Cisco Systems (CSCO), AT&T (T), Celgene (CELG), Micron Technology (MU), Adobe (ADBE), Activision Blizzard (ATVI), Gilead Sciences (GILD) and AbbVie (ABBV).

Who are CubeSmart's key executives?

CubeSmart's management team includes the folowing people:
  • Mr. Christopher P. Marr, CEO, Pres & Trustee (Age 54)
  • Mr. Timothy M. Martin, CFO, Treasurer & Principal Accounting Officer (Age 48)
  • Mr. Jeffrey P. Foster, Sr. VP, Chief Legal Officer & Sec. (Age 49)
  • Mr. Joel Keaton, Sr. VP of Operations (Age 47)
  • Mr. Ajai Nair, Chief Information Officer & VP

Who are CubeSmart's major shareholders?

CubeSmart's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.60%), Principal Financial Group Inc. (3.58%), Lasalle Investment Management Securities LLC (2.39%), Cohen & Steers Inc. (1.93%), Diamond Hill Capital Management Inc. (1.66%) and Dimensional Fund Advisors LP (1.54%). Company insiders that own CubeSmart stock include Christopher P Marr, Jonathan L Perry and Timothy M Martin. View Institutional Ownership Trends for CubeSmart.

Which institutional investors are selling CubeSmart stock?

CUBE stock was sold by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Daiwa Securities Group Inc., Lasalle Investment Management Securities LLC, Principal Financial Group Inc., Diamond Hill Capital Management Inc., Nuveen Asset Management LLC, Northern Trust Corp and First Quadrant L P CA. Company insiders that have sold CubeSmart company stock in the last year include Christopher P Marr, Jonathan L Perry and Timothy M Martin. View Insider Buying and Selling for CubeSmart.

Which institutional investors are buying CubeSmart stock?

CUBE stock was bought by a variety of institutional investors in the last quarter, including Securian Asset Management Inc, BlackRock Inc., Amundi Pioneer Asset Management Inc., Commonwealth Bank of Australia, D. E. Shaw & Co. Inc., Sumitomo Mitsui Asset Management Company LTD, Geode Capital Management LLC and Los Angeles Capital Management & Equity Research Inc.. View Insider Buying and Selling for CubeSmart.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is CubeSmart's stock price today?

One share of CUBE stock can currently be purchased for approximately $29.60.

How big of a company is CubeSmart?

CubeSmart has a market capitalization of $5.51 billion and generates $558.94 million in revenue each year. The real estate investment trust earns $134.28 million in net income (profit) each year or $1.59 on an earnings per share basis. CubeSmart employs 2,508 workers across the globe.

What is CubeSmart's official website?

The official website for CubeSmart is http://www.cubesmart.com.

How can I contact CubeSmart?

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.


MarketBeat Community Rating for CubeSmart (NYSE CUBE)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  354 (Vote Outperform)
Underperform Votes:  281 (Vote Underperform)
Total Votes:  635
MarketBeat's community ratings are surveys of what our community members think about CubeSmart and other stocks. Vote "Outperform" if you believe CUBE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CUBE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/22/2019 by MarketBeat.com Staff

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