CubeSmart (CUBE) Scheduled to Post Earnings on Thursday

CubeSmart (NYSE:CUBE) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect CubeSmart to post earnings of $0.64 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

CubeSmart Stock Down 0.9 %

CUBE opened at $41.80 on Wednesday. The firm has a 50-day simple moving average of $43.83 and a two-hundred day simple moving average of $42.27. CubeSmart has a 52 week low of $33.17 and a 52 week high of $47.81. The company has a market capitalization of $9.40 billion, a PE ratio of 23.09 and a beta of 0.69. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.04.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Thursday, March 28th. CubeSmart’s dividend payout ratio (DPR) is presently 112.71%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Raymond James reissued an “outperform” rating and set a $48.00 price objective on shares of CubeSmart in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of CubeSmart in a report on Tuesday, January 30th. They issued a “sell” rating and a $40.00 price target for the company. Truist Financial increased their price target on shares of CubeSmart from $43.00 to $46.00 and gave the company a “hold” rating in a report on Thursday, December 28th. Jefferies Financial Group raised shares of CubeSmart from a “hold” rating to a “buy” rating and increased their price target for the company from $38.00 to $53.00 in a report on Tuesday, January 2nd. Finally, Barclays began coverage on shares of CubeSmart in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $48.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $46.33.

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, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.