News stories about CubeSmart (NYSE:CUBE) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CubeSmart earned a news impact score of 0.10 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.5612292999216 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several equities research analysts have issued reports on the company. Bank of America lifted their price objective on CubeSmart from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, July 16th. Evercore ISI downgraded CubeSmart from an “outperform” rating to an “in-line” rating in a report on Monday, July 16th. Zacks Investment Research downgraded CubeSmart from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. BMO Capital Markets restated a “buy” rating and set a $32.00 price objective on shares of CubeSmart in a report on Friday, July 27th. Finally, Citigroup lifted their price objective on CubeSmart from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, July 12th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.36.

Shares of NYSE CUBE opened at $30.43 on Friday. CubeSmart has a twelve month low of $24.35 and a twelve month high of $33.18. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $5.64 billion, a PE ratio of 19.14, a PEG ratio of 3.70 and a beta of 0.07.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.41. CubeSmart had a return on equity of 9.22% and a net margin of 25.89%. The business had revenue of $147.82 million during the quarter, compared to the consensus estimate of $148.68 million. During the same period in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. equities analysts forecast that CubeSmart will post 1.63 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.94%. CubeSmart’s dividend payout ratio (DPR) is 75.47%.

CubeSmart Company Profile

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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