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 listening to the company’s earnings conference call can do so using this link.

CubeSmart Stock Performance

Shares of CubeSmart stock opened at $41.80 on Wednesday. CubeSmart has a one year low of $33.17 and a one year high of $47.81. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 23.09 and a beta of 0.69. The business has a 50-day simple moving average of $43.83 and a 200 day simple moving average of $42.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.04 and a quick ratio of 0.04.

CubeSmart Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend was Thursday, March 28th. CubeSmart’s payout ratio is 112.71%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Evercore ISI boosted their target price on CubeSmart from $43.00 to $45.00 and gave the company an “in-line” rating in a research report on Monday, March 4th. Wells Fargo & Company boosted their price objective on CubeSmart from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, April 5th. Raymond James reissued an “outperform” rating and set a $48.00 price objective on shares of CubeSmart in a report on Thursday, March 28th. Jefferies Financial Group raised CubeSmart from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $38.00 to $53.00 in a report on Tuesday, January 2nd. Finally, Truist Financial boosted their price objective on CubeSmart from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, December 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.