CubeSmart (CUBE) to Release Earnings on Thursday

CubeSmart (NYSE:CUBE) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

CubeSmart Price Performance

CubeSmart stock opened at $42.15 on Tuesday. CubeSmart has a 52 week low of $33.17 and a 52 week high of $47.81. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.04. The firm’s 50-day simple moving average is $43.86 and its 200 day simple moving average is $42.23. The firm has a market capitalization of $9.48 billion, a PE ratio of 23.29 and a beta of 0.69.

CubeSmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a $0.51 dividend. The ex-dividend date was Thursday, March 28th. This represents a $2.04 annualized dividend and a dividend yield of 4.84%. CubeSmart’s dividend payout ratio is presently 112.71%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CUBE shares. Raymond James restated an “outperform” rating and issued a $48.00 target price on shares of CubeSmart in a report on Thursday, March 28th. Barclays started coverage on shares of CubeSmart in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $48.00 target price on the stock. Evercore ISI upped their target price on shares of CubeSmart from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Monday, March 4th. Truist Financial upped their target price on shares of CubeSmart from $43.00 to $46.00 and gave the company a “hold” rating in a report on Thursday, December 28th. Finally, Wells Fargo & Company upped their price objective on shares of CubeSmart from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, CubeSmart presently has a consensus rating of “Hold” and an average price target of $46.33.

About CubeSmart

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.