CubeSmart (NYSE:CUBE) – Analysts at Jefferies Financial Group dropped their Q4 2021 earnings per share (EPS) estimates for shares of CubeSmart in a research note issued to investors on Thursday, January 16th, Zacks Investment Research reports. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $0.44 per share for the quarter, down from their prior forecast of $0.45.
CUBE has been the subject of several other reports. JPMorgan Chase & Co. assumed coverage on shares of CubeSmart in a report on Wednesday, January 22nd. They set a “neutral” rating and a $32.00 target price for the company. Cfra lowered shares of CubeSmart from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Wells Fargo & Co lowered shares of CubeSmart from a “market perform” rating to an “underperform” rating and set a $28.00 target price for the company. in a report on Tuesday, December 10th. Bank of America lowered shares of CubeSmart from a “neutral” rating to an “underperform” rating in a report on Monday, January 6th. Finally, BMO Capital Markets lowered shares of CubeSmart from a “market perform” rating to an “underperform” rating and set a $30.00 price target for the company. in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $33.36.
Shares of NYSE:CUBE traded down $0.27 during trading on Monday, hitting $31.09. 850,300 shares of the stock traded hands, compared to its average volume of 1,680,483. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.00. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 5.61 and a beta of 0.16. The company has a fifty day moving average price of $31.40 and a two-hundred day moving average price of $33.02. CubeSmart has a 52-week low of $29.26 and a 52-week high of $36.32.
A number of hedge funds and other institutional investors have recently modified their holdings of CUBE. Garrett Wealth Advisory Group LLC purchased a new stake in CubeSmart in the 3rd quarter worth $27,000. Signaturefd LLC boosted its stake in CubeSmart by 167.0% during the 4th quarter. Signaturefd LLC now owns 1,236 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 773 shares during the last quarter. Evoke Wealth LLC acquired a new stake in CubeSmart during the 3rd quarter worth $45,000. NEXT Financial Group Inc boosted its stake in CubeSmart by 190.0% during the 3rd quarter. NEXT Financial Group Inc now owns 1,450 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 950 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in CubeSmart during the 2nd quarter worth $122,000. 99.06% of the stock is owned by institutional investors.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.25%. The ex-dividend date was Tuesday, December 31st. This is a positive change from CubeSmart’s previous quarterly dividend of $0.32. CubeSmart’s payout ratio is presently 80.49%.
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 2019 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.