Media coverage about CubeSmart (NYSE:CUBE) has been trending somewhat negative this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CubeSmart earned a coverage optimism score of -0.12 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern’s analysis:

Several analysts recently commented on CUBE shares. Zacks Investment Research cut CubeSmart from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. Jefferies Group LLC reissued a “buy” rating and set a $31.00 price objective on shares of CubeSmart in a research note on Tuesday, April 18th. Bank of America Corporation lowered CubeSmart from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $27.75 to $25.00 in a research note on Thursday, July 20th. BidaskClub upgraded CubeSmart from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $27.00 target price (down previously from $29.00) on shares of CubeSmart in a report on Thursday, May 11th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. CubeSmart presently has a consensus rating of “Hold” and an average price target of $29.13.

CubeSmart (NYSE CUBE) traded down 1.02% during trading on Thursday, reaching $24.22. The company’s stock had a trading volume of 3,033,228 shares. CubeSmart has a 52 week low of $22.83 and a 52 week high of $29.26. The company’s 50 day moving average price is $24.07 and its 200 day moving average price is $25.44. The company has a market cap of $4.36 billion, a P/E ratio of 41.76 and a beta of 0.19.

CubeSmart (NYSE:CUBE) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. CubeSmart had a net margin of 20.36% and a return on equity of 6.59%. The company had revenue of $138.60 million for the quarter, compared to analyst estimates of $138.07 million. During the same quarter last year, the firm earned $0.36 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that CubeSmart will post $0.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Friday, September 29th. CubeSmart’s payout ratio is 186.21%.

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CubeSmart Company Profile

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.

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