Somewhat Positive Press Coverage Somewhat Unlikely to Affect CubeSmart (CUBE) Share Price
News articles about CubeSmart (NYSE:CUBE) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CubeSmart earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.296097124841 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Self-storage chain being launched from Greenville (upstatebusinessjournal.com)
- Individual claims cooling system failure at CubeSmart facility damaged property (setexasrecord.com)
- What Lies ahead for the Top 3 Self-Storage REITs in 2017? (marketrealist.com)
- CubeSmart (CUBE) Stock Rating Reaffirmed by KeyCorp (americanbankingnews.com)
- Overview of Self-Storage REITs’ Development Activities in 2Q17 (marketrealist.com)
Several equities analysts recently weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of CubeSmart in a report on Friday. Jefferies Group LLC set a $30.00 price target on shares of CubeSmart and gave the stock a “buy” rating in a report on Friday, August 18th. BidaskClub downgraded shares of CubeSmart from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of CubeSmart from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Bank of America Corporation downgraded shares of CubeSmart from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $27.75 to $25.00 in a report on Thursday, July 20th. Three investment 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 has a consensus rating of “Hold” and an average price target of $28.57.
Shares of CubeSmart (NYSE:CUBE) traded up 0.41% during trading on Monday, reaching $24.68. 849,038 shares of the company traded hands. CubeSmart has a 1-year low of $22.83 and a 1-year high of $28.61. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 42.63 and a beta of 0.19. The stock’s 50 day moving average is $24.13 and its 200 day moving average is $25.29.
CubeSmart (NYSE:CUBE) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. CubeSmart had a return on equity of 6.65% and a net margin of 20.36%. The firm had revenue of $138.60 million for the quarter, compared to analysts’ expectations of $138.07 million. During the same period last year, the firm earned $0.36 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, analysts forecast that CubeSmart will post $0.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Friday, September 29th. CubeSmart’s dividend payout ratio is currently 186.21%.
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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