CubeSmart 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: Finance
- Industry: Self-Storage REITs
- Sub-Industry: Specialized REITs
- Symbol: NYSE:CUBE
- CUSIP: 22966310
- Web: www.cubesmart.com
- Market Cap: $4.741 billion
- Outstanding Shares: 180,197,000
- 50 Day Moving Avg: $24.87
- 200 Day Moving Avg: $25.17
- 52 Week Range: $22.83 - $28.47
Sales & Book Value:
- Trailing P/E Ratio: 45.49
- Foreward P/E Ratio: 16.26
- P/E Growth: 6.27
- Annual Revenue: $533.79 million
- Price / Sales: 8.89
- Book Value: $8.97 per share
- Price / Book: 2.94
- Annual Dividend: $1.08
- Dividend Yield: 4.1%
- EBIDTA: $325.07 million
- Net Margins: 20.36%
- Return on Equity: 6.65%
- Return on Assets: 3.18%
- Debt-to-Equity Ratio: 1.00%
- Current Ratio: 0.10%
- Quick Ratio: 0.10%
- Average Volume: 1.72 million shs.
- Beta: 0.17
- 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 declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.27 per share on Monday, October 16th. This represents a $1.08 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Friday, September 29th. View CubeSmart's Dividend History.
How were CubeSmart's earnings last quarter?
CubeSmart (NYSE:CUBE) posted its quarterly earnings results on Thursday, July, 27th. The company reported $0.39 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.38 by $0.01. The business earned $138.60 million during the quarter, compared to analyst estimates of $138.07 million. CubeSmart had a return on equity of 6.65% and a net margin of 20.36%. The business's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 EPS. View CubeSmart's Earnings History.
When will CubeSmart make its next earnings announcement?
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?
9 brokerages have issued 12 month target prices for CubeSmart's shares. Their forecasts range from $25.00 to $32.00. On average, they expect CubeSmart's stock price to reach $28.29 in the next year. View Analyst Ratings for CubeSmart.
Who are some of CubeSmart's key competitors?
Some companies that are related to CubeSmart include Federal Realty Investment Trust (FRT), Daiwa Securities Group (DSEEY), SEI Investments Company (SEIC), SVB Financial Group (SIVB), Torchmark Corporation (TMK), KKR & Co. L.P. (KKR), American Financial Group (AFG), Zions Bancorporation (ZION), Kimco Realty Corporation (KIM), Alleghany Corporation (Y), Reinsurance Group of America, Incorporated (RGA), Camden Property Trust (CPT), VEREIT (VER), British Land Company PLC Sponsored ADR (BTLCY), Bankinter SA (BKNIY), American Capital Agency Corp. (AGNC), Aercap Holdings N.V. (AER) and East West Bancorp (EWBC).
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 many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.42%), BlackRock Inc. (7.09%), Bank of New York Mellon Corp (6.48%), Lasalle Investment Management Securities LLC (5.70%), Principal Financial Group Inc. (3.91%) and Cbre Clarion Securities LLC (3.51%). 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 Thrivent Financial For Lutherans, Russell Investments Group Ltd., Eagle Asset Management Inc., Honeywell International Inc., Principal Financial Group Inc., Macquarie Group Ltd., State of New Jersey Common Pension Fund D and Vanguard Group Inc.. View Insider Buying and Selling for CubeSmart.
Who bought CubeSmart stock? Who is buying CubeSmart stock?
CubeSmart's stock was purchased by a variety of institutional investors in the last quarter, including Cbre Clarion Securities LLC, Bank of New York Mellon Corp, Kempen Capital Management N.V., Balyasny Asset Management LLC, Diamond Hill Capital Management Inc., Presima Inc., BlackRock Inc. and Sit Investment Associates Inc.. 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?
MarketBeat Community Rating for CubeSmart (NYSE CUBE)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.
One share of CubeSmart stock can currently be purchased for approximately $26.34.
Consensus Ratings for CubeSmart (NYSE:CUBE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 4 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$28.29 (7.39% upside)|
Analysts' Ratings History for CubeSmart (NYSE:CUBE)
(Data available from 9/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/14/2017||Evercore ISI||Reiterated Rating||Outperform||$27.00 -> $28.00||Medium|
|9/11/2017||BMO Capital Markets||Reiterated Rating||Market Perform||$27.00||Medium|
|8/30/2017||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||Medium|
|8/18/2017||Jefferies Group LLC||Set Price Target||Buy||$30.00||Low|
|7/20/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||$27.75 -> $25.00||Medium|
|5/22/2017||Cantor Fitzgerald||Lower Price Target||Overweight||$30.00 -> $29.00||Low|
|5/11/2017||Citigroup Inc.||Reiterated Rating||Neutral||$29.00 -> $27.00||Low|
|10/28/2016||FBR & Co||Reiterated Rating||Buy||$32.00||N/A|
|7/25/2016||SunTrust Banks, Inc.||Downgrade||Buy -> Neutral||$37.00 -> $33.00||N/A|
|6/24/2016||DA Davidson||Initiated Coverage||Neutral||$35.00||N/A|
|11/10/2015||BB&T Corporation||Initiated Coverage||Buy||$32.50 -> $32.50||N/A|
Earnings History for CubeSmart (NYSE:CUBE)Earnings History by Quarter for CubeSmart (NYSE CUBE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.38||$0.39||$138.07 million||$138.60 million||View||N/A|
|4/27/2017||Q1 2017||$0.36||$0.36||$133.30 million||$133.00 million||View||N/A|
|2/16/2017||Q416||$0.37||$0.38||$131.57 million||$132.50 million||View||N/A|
|10/27/2016||Q316||$0.36||$0.38||$131.19 million||$132.10 million||View||N/A|
|7/28/2016||Q216||$0.35||$0.36||$124.94 million||$126.53 million||View||N/A|
|4/28/2016||Q116||$0.32||$0.32||$117.98 million||$118.87 million||View||N/A|
|2/18/2016||Q415||$0.32||$0.32||$115.63 million||$114.99 million||View||Listen|
|11/5/2015||Q315||$0.32||$0.34||$112.65 million||$115.97 million||View||N/A|
|8/6/2015||Q215||$0.30||$0.31||$107.55 million||$109.90 million||View||N/A|
|4/30/2015||Q115||$0.27||$0.28||$103.41 million||$103.70 million||View||N/A|
|2/26/2015||Q414||$0.27||$0.28||$98.45 million||$100.27 million||View||N/A|
|8/7/2014||Q214||$0.25||$0.27||$90.98 million||$92.34 million||View||N/A|
|5/1/2014||Q114||$0.23||$0.23||$86.60 million||$87.27 million||View||N/A|
|2/27/2014||Q413||$0.23||$0.23||$83.42 million||$82.96 million||View||N/A|
|11/8/2013||Q313||$0.24||$0.25||$84.32 million||$82.83 million||View||N/A|
|8/8/2013||Q213||$0.21||$0.23||$78.91 million||$82.30 million||View||N/A|
|5/2/2013||$0.20||$0.20||$77.15 million||$78.50 million||View||N/A|
|2/21/2013||Q412||$0.20||$0.21||$73.20 million||$77.37 million||View||N/A|
|11/8/2012||$0.19||$0.19||$70.94 million||$74.13 million||View||N/A|
Earnings Estimates for CubeSmart (NYSE:CUBE)
Current Year EPS Consensus Estimate: $1.54 EPS
Next Year EPS Consensus Estimate: $1.62 EPS
Current Dividend Information for CubeSmart (NYSE:CUBE)
|Dividend Growth:||24.10% (3 Year Average)|
|Payout Ratio:||186.21% (Trailing 12 Months of Earnings) |
70.13% (Based on This Year's Estimates)
66.67% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for CubeSmart (NYSE CUBE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for CubeSmart (NYSE:CUBE)
Insider Ownership Percentage: 1.20%Insider Trades by Quarter for CubeSmart (NYSE:CUBE)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/9/2016||William M Diefenderfer III||Director||Sell||2,961||$27.25||$80,687.25|| |
|5/4/2015||Jeffrey P Foster||VP||Sell||108,376||$23.64||$2,562,008.64|| |
|12/8/2014||Christopher P Marr||CEO||Sell||175,364||$21.50||$3,770,326.00|| |
|11/11/2013||Dean Jernigan||CEO||Sell||10,000||$16.88||$168,800.00|| |
|8/14/2013||Dean Jernigan||CEO||Sell||120,000||$17.85||$2,142,000.00|| |
|6/14/2013||Dean Jernigan||CEO||Sell||50,000||$15.57||$778,500.00|| |
|5/20/2013||Jeffrey P Foster||VP||Sell||10,500||$17.22||$180,810.00|| |
|5/13/2013||Dean Jernigan||CEO||Sell||73,214||$17.09||$1,251,227.26|| |
Headline Trends for CubeSmart (NYSE:CUBE)
Latest Headlines for CubeSmart (NYSE:CUBE)
CubeSmart (CUBE) Chart for Tuesday, September, 19, 2017