CubeSmart Company Profile (NYSE:CUBE)

About CubeSmart (NYSE:CUBE)

CubeSmart logoCubeSmart operates as a self-managed and self-administered real estate company. The Company focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. Its self-storage properties are designed to offer storage space for its residential and commercial customers. Its storage facilities offer lockers, mini storage units and large 10 feet x 30 feet storage rooms. The Company offers various storage options, including household and personal storage, business storage, vehicle and car storage, recreational vehicle (RV) storage, boat storage, motorcycle storage, moving storage and military storage. It also offers CubeSmart Services. As of December 31, 2016, the Company owned 475 self-storage properties located in 23 states and in the District of Columbia. In addition, as of December 31, 2016, it had managed 316 stores for third parties. Its self-storage properties are located in metropolitan areas, as well as suburban areas.

Industry, Sector and Symbol:
  • Sector: Financials
  • Industry: Self-Storage REITs
  • Sub-Industry: Specialized REITs
  • Symbol: NYSE:CUBE
  • CUSIP: 22966310
  • Web: www.cubesmart.com
Capitalization:
  • Market Cap: $4.76 billion
  • Outstanding Shares: 180,197,000
Average Prices:
  • 50 Day Moving Avg: $26.04
  • 200 Day Moving Avg: $25.15
  • 52 Week Range: $22.83 - $28.06
P/E:
  • Trailing P/E Ratio: 45.63
  • Foreward P/E Ratio: 36.69
  • P/E Growth: 6.38
Sales & Book Value:
  • Annual Revenue: $533.79 million
  • Price / Sales: 8.92
  • Book Value: $8.97 per share
  • Price / Book: 2.95
Dividend:
  • Annual Dividend: $1.08
  • Dividend Yield: 4.1%
Profitability:
  • EBITDA: $325.07 million
  • Net Margins: 23.70%
  • Return on Equity: 8.01%
  • Return on Assets: 3.79%
Debt:
  • Debt-to-Equity Ratio: 1.00%
  • Current Ratio: 0.10%
  • Quick Ratio: 0.10%
Misc:
  • Average Volume: 1.58 million shs.
  • Beta: 0.19
  • Short Ratio: 5.62
 

Frequently Asked Questions for CubeSmart (NYSE:CUBE)

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 announced a quarterly dividend on Wednesday, July 26th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.27 per share on Monday, October 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, September 29th. View CubeSmart's Dividend History.

How were CubeSmart's earnings last quarter?

CubeSmart (NYSE:CUBE) announced its earnings results on Thursday, July, 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $138.60 million for the quarter, compared to analyst estimates of $138.07 million. CubeSmart had a net margin of 23.70% and a return on equity of 8.01%. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. View CubeSmart's Earnings History.

When will CubeSmart make its next earnings announcement?

CubeSmart is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for CubeSmart.

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

CubeSmart issued an update on its FY17 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $1.53-1.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.54. CubeSmart also updated its Q3 guidance to $0.40-0.41 EPS.

Where is CubeSmart's stock going? Where will CubeSmart's stock price be in 2017?

10 brokerages have issued 1 year price objectives for CubeSmart's shares. Their predictions range from $25.00 to $32.00. On average, they anticipate CubeSmart's share price to reach $28.13 in the next year. View Analyst Ratings for CubeSmart.

Who are some of CubeSmart's key competitors?

Who are CubeSmart's key executives?

CubeSmart's management team includes the folowing people:

  • Christopher Paul Marr, President, Chief Executive Officer, Trustee
  • Timothy M. Martin, Chief Financial Officer, Treasurer
  • Jeffrey P. Foster, Senior Vice President, Chief Legal Officer, Secretary
  • William M. Diefenderfer III, Non-Executive Independent Chairman of the Board of Trustees
  • Dorothy Dowling, Director
  • Piero Bussani, Independent Trustee
  • John W. Fain, Independent Trustee
  • Marianne M. Keler, Independent Trustee

Who owns CubeSmart stock?

CubeSmart's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Diamond Hill Capital Management Inc. (2.05%), Strs Ohio (0.26%), Sit Investment Associates Inc. (0.17%), Mutual of America Capital Management LLC (0.06%), Nationwide Fund Advisors (0.05%) and Quantitative Systematic Strategies LLC (0.01%). View Institutional Ownership Trends for CubeSmart.

Who sold CubeSmart stock? Who is selling CubeSmart stock?

CubeSmart's stock was sold by a variety of institutional investors in the last quarter, including Sit Investment Associates Inc., Quantitative Systematic Strategies LLC, Nationwide Fund Advisors, Mutual of America Capital Management LLC, Strs Ohio, Diamond Hill Capital Management Inc. and Fox Run Management L.L.C.. View Insider Buying and Selling for CubeSmart.

How do I buy CubeSmart stock?

Shares of CubeSmart can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is CubeSmart's stock price today?

One share of CubeSmart stock can currently be purchased for approximately $26.42.


MarketBeat Community Rating for CubeSmart (NYSE CUBE)
Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  253 (Vote Outperform)
Underperform Votes:  162 (Vote Underperform)
Total Votes:  415
MarketBeat's community ratings are surveys of what our community members think about CubeSmart and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for CubeSmart (NYSE:CUBE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $28.13 (6.45% upside)
Consensus Price Target History for CubeSmart (NYSE:CUBE)
Price Target History for CubeSmart (NYSE:CUBE)
Analysts' Ratings History for CubeSmart (NYSE:CUBE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/17/2017Robert W. BairdReiterated RatingBuy$27.00N/AView Rating Details
9/14/2017Evercore ISIReiterated RatingOutperform$27.00 -> $28.00MediumView Rating Details
9/11/2017BMO Capital MarketsReiterated RatingMarket Perform$27.00MediumView Rating Details
8/30/2017Raymond James Financial, Inc.DowngradeOutperform -> Market PerformMediumView Rating Details
8/25/2017KeyCorpReiterated RatingHoldLowView Rating Details
8/18/2017Jefferies Group LLCSet Price TargetBuy$30.00LowView Rating Details
7/20/2017Bank of America CorporationDowngradeNeutral -> Underperform$27.75 -> $25.00MediumView Rating Details
5/22/2017Cantor FitzgeraldLower Price TargetOverweight$30.00 -> $29.00LowView Rating Details
5/11/2017Citigroup Inc.Reiterated RatingNeutral$29.00 -> $27.00LowView Rating Details
10/28/2016FBR & CoReiterated RatingBuy$32.00N/AView Rating Details
7/25/2016SunTrust Banks, Inc.DowngradeBuy -> Neutral$37.00 -> $33.00N/AView Rating Details
6/24/2016DA DavidsonInitiated CoverageNeutral$35.00N/AView Rating Details
11/10/2015BB&T CorporationInitiated CoverageBuy$32.50 -> $32.50N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for CubeSmart (NYSE:CUBE)
Earnings by Quarter for CubeSmart (NYSE:CUBE)
Earnings History by Quarter for CubeSmart (NYSE CUBE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$0.19N/AView Earnings Details
7/27/2017Q2 2017$0.38$0.39$138.07 million$138.60 millionViewN/AView Earnings Details
4/27/2017Q1 2017$0.36$0.36$133.30 million$133.00 millionViewN/AView Earnings Details
2/16/2017Q416$0.37$0.38$131.57 million$132.50 millionViewN/AView Earnings Details
10/27/2016Q316$0.36$0.38$131.19 million$132.10 millionViewN/AView Earnings Details
7/28/2016Q216$0.35$0.36$124.94 million$126.53 millionViewN/AView Earnings Details
4/28/2016Q116$0.32$0.32$117.98 million$118.87 millionViewN/AView Earnings Details
2/18/2016Q415$0.32$0.32$115.63 million$114.99 millionViewListenView Earnings Details
11/5/2015Q315$0.32$0.34$112.65 million$115.97 millionViewN/AView Earnings Details
8/6/2015Q215$0.30$0.31$107.55 million$109.90 millionViewN/AView Earnings Details
4/30/2015Q115$0.27$0.28$103.41 million$103.70 millionViewN/AView Earnings Details
2/26/2015Q414$0.27$0.28$98.45 million$100.27 millionViewN/AView Earnings Details
8/7/2014Q214$0.25$0.27$90.98 million$92.34 millionViewN/AView Earnings Details
5/1/2014Q114$0.23$0.23$86.60 million$87.27 millionViewN/AView Earnings Details
2/27/2014Q413$0.23$0.23$83.42 million$82.96 millionViewN/AView Earnings Details
11/8/2013Q313$0.24$0.25$84.32 million$82.83 millionViewN/AView Earnings Details
8/8/2013Q213$0.21$0.23$78.91 million$82.30 millionViewN/AView Earnings Details
5/2/2013$0.20$0.20$77.15 million$78.50 millionViewN/AView Earnings Details
2/21/2013Q412$0.20$0.21$73.20 million$77.37 millionViewN/AView Earnings Details
11/8/2012$0.19$0.19$70.94 million$74.13 millionViewN/AView Earnings Details
8/2/2012$0.18$0.18ViewN/AView Earnings Details
5/3/2012$0.16$0.16ViewN/AView Earnings Details
2/23/2012$0.15$0.17ViewN/AView Earnings Details
11/3/2011$0.17$0.18ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CubeSmart (NYSE:CUBE)
Current Year EPS Consensus Estimate: $0.69 EPS
Next Year EPS Consensus Estimate: $0.72 EPS

Dividends

Current Dividend Information for CubeSmart (NYSE:CUBE)
Most Recent Dividend:10/16/2017
Annual Dividend:$1.08
Dividend Yield:4.09%
Dividend Growth:24.10% (3 Year Average)
Payout Ratio:186.21% (Trailing 12 Months of Earnings)
156.52% (Based on This Year's Estimates)
150.00% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for CubeSmart (NYSE:CUBE)

Dividend History by Quarter for CubeSmart (NYSE CUBE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/26/2017quarterly$0.274.4%9/29/201710/2/201710/16/2017
6/1/2017quarterly$0.274.43%6/29/20177/3/20177/17/2017
2/15/2017quarterly$0.274.27%3/30/20174/3/20174/17/2017
12/16/2016quarterly$0.274.15%12/29/20161/3/20171/17/2017
8/3/2016quarterly$0.212.91%9/29/201610/3/201610/17/2016
6/2/2016quarterly$0.212.63%6/29/20167/1/20167/15/2016
2/17/2016quarterly$0.212.86%3/30/20164/1/20164/15/2016
12/11/2015quarterly$0.212.86%12/30/20151/4/20161/15/2016
8/5/2015quarterly$0.162.49%9/29/201510/1/201510/15/2015
5/28/2015quarterly$0.162.66%6/29/20157/1/20157/15/2015
2/25/2015quarterly$0.162.71%3/30/20154/1/20154/15/2015
12/17/2014quarterly$0.162.93%12/30/20141/2/20151/15/2015
8/5/2014quarterly$0.132.84%9/29/201410/1/201410/15/2014
5/28/2014quarterly$0.132.86%6/27/20147/1/20147/15/2014
2/25/2014quarterly$0.132.95%3/28/20144/1/20144/15/2014
12/19/2013quarterly$0.133.23%12/30/20131/2/20141/15/2014
8/7/2013quarterly$0.112.59%9/27/201310/1/201310/15/2013
5/29/2013quarterly$0.112.77%6/27/20137/1/20137/15/2013
4/8/2013quarterly$0.113.05%3/27/20134/1/20134/15/2013
4/8/2013quarterly$0.113.12%12/27/20121/1/20131/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for CubeSmart (NYSE:CUBE)
Insider Ownership Percentage: 1.20%
Insider Trades by Quarter for CubeSmart (NYSE:CUBE)
Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)
Insider Trades by Quarter for CubeSmart (NYSE:CUBE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/9/2016William M Diefenderfer IIIDirectorSell2,961$27.25$80,687.25View SEC Filing  
5/4/2015Jeffrey P FosterVPSell108,376$23.64$2,562,008.64View SEC Filing  
12/8/2014Christopher P MarrCEOSell175,364$21.50$3,770,326.00View SEC Filing  
11/11/2013Dean JerniganCEOSell10,000$16.88$168,800.00View SEC Filing  
8/14/2013Dean JerniganCEOSell120,000$17.85$2,142,000.00View SEC Filing  
6/14/2013Dean JerniganCEOSell50,000$15.57$778,500.00View SEC Filing  
5/20/2013Jeffrey P FosterVPSell10,500$17.22$180,810.00View SEC Filing  
5/13/2013Dean JerniganCEOSell73,214$17.09$1,251,227.26View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for CubeSmart (NYSE:CUBE)
Latest Headlines for CubeSmart (NYSE:CUBE)
Source:
Loading headlines, please wait.

Social

Chart

CubeSmart (CUBE) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.