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

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$29.25 -0.16 (-0.54 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$29.41
Today's Range$29.20 - $29.52
52-Week Range$25.22 - $33.18
Volume993,504 shs
Average Volume1.45 million shs
Market Capitalization$5.48 billion
P/E Ratio18.40
Dividend Yield4.35%
Beta0.24
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$1.5534 per share
Book Value$9.04 per share

Profitability

Net Income$134.28 million

Miscellaneous

Employees2,508
Market Cap$5.48 billion
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 announced a quarterly dividend on Friday, December 14th. Stockholders of record on Wednesday, January 2nd will be paid a dividend of $0.32 per share on Tuesday, January 15th. This represents a $1.28 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Monday, December 31st. This is an increase from CubeSmart's previous quarterly dividend of $0.30. View CubeSmart's Dividend History.

How were CubeSmart's earnings last quarter?

CubeSmart (NYSE:CUBE) issued its quarterly earnings data on Thursday, October, 25th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.18. The real estate investment trust earned $153.37 million during the quarter, compared to analyst estimates of $150.76 million. CubeSmart had a return on equity of 9.34% and a net margin of 26.43%. View CubeSmart's Earnings History.

When is CubeSmart's next earnings date?

CubeSmart is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for CubeSmart.

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

CubeSmart issued an update on its fourth quarter 2018 earnings guidance on Thursday, October, 25th. The company provided EPS guidance of $0.41-0.42 for the period. CubeSmart also updated its FY 2018 guidance to $1.63-1.64 EPS.

What price target have analysts set for CUBE?

8 analysts have issued 12-month price objectives for CubeSmart's stock. Their forecasts range from $25.22 to $37.00. On average, they expect CubeSmart's stock price to reach $31.4025 in the next year. This suggests a possible upside of 7.4% from the stock's current price. View Analyst Price Targets for CubeSmart.

What is the consensus analysts' recommendation for CubeSmart?

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

What are Wall Street analysts saying about CubeSmart stock?

Here are some recent quotes from research analysts about CubeSmart stock:
  • 1. According to Zacks Investment Research, "CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self storage facilities in the United States. Its self storage facilities are designed to offer storage space for residential and commercial customers. CubeSmart, formally known as U-Store-It Trust, is based in Wayne, Pennsylvania. " (12/13/2018)
  • 2. Cantor Fitzgerald analysts commented, "4Q Beat. Core FFO/sh. at $0.41 beat Cantor/FactSet consensus estimate by $0.01. 4Q SS Revenue growth at 4.0% was in line with 4.1% in 3Q. Rents increased 4.0% (-10bps seq.), and average occupancy was flat at 92.3%. Expenses were in check at 0.1% (vs. 4.2% in 3Q), with real estate taxes down 4.2%. As a result, SSNOI growth increased 5.4% vs. 4.1% in 3Q. Gross margin improved 100bps to 73.2%. Of the top 10 markets, those with the highest declines in sequential SS rev. growth include Phoenix (-250bps to 3.1%), Riverside-San Bernardino-Ontario (-160ps to 9.3%), and New York (-40bps to 3.0%); markets that showed improvement include Tucson (+70bps to 7.2%), Dallas (+50bps to 2.5%) and Washington DC (+40bps to 3.3%)." (2/15/2018)

Has CubeSmart been receiving favorable news coverage?

Media coverage about CUBE stock has trended positive this week, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. CubeSmart earned a media sentiment score of 2.8 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the next several days.

Who are some of CubeSmart's key competitors?

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 many different of institutional and retail investors. Top institutional shareholders include BTIM Corp. (0.38%), Hill Winds Capital LP (0.06%), Gateway Investment Advisers LLC (0.05%), State of Alaska Department of Revenue (0.04%), Navellier & Associates Inc (0.04%) and Fox Run Management L.L.C. (0.01%). Company insiders that own CubeSmart stock include Christopher P Marr, Jonathan L Perry and Timothy M Martin. View Institutional Ownership Trends for CubeSmart.

Which major investors are selling CubeSmart stock?

CUBE stock was sold by a variety of institutional investors in the last quarter, including Sit Investment Associates Inc., BTIM Corp. and Nisa Investment Advisors LLC. 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 major investors are buying CubeSmart stock?

CUBE stock was acquired by a variety of institutional investors in the last quarter, including Hill Winds Capital LP, Fox Run Management L.L.C., Gateway Investment Advisers LLC, Meeder Asset Management Inc., Navellier & Associates Inc and State of Alaska Department of Revenue. 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 $29.25.

How big of a company is CubeSmart?

CubeSmart has a market capitalization of $5.48 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:  350 (Vote Outperform)
Underperform Votes:  277 (Vote Underperform)
Total Votes:  627
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 1/18/2019 by MarketBeat.com Staff

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