Media headlines about CubeSmart (NYSE:CUBE) have trended positive on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CubeSmart earned a media sentiment score of 0.34 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 38 out of 100, meaning that recent news coverage is unlikely to have an impact on the company’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Insider Buying and Selling by Quarter for CubeSmart (NYSE:CUBE)

CubeSmart (NYSE CUBE) traded down 0.20% during mid-day trading on Wednesday, reaching $24.50. The company had a trading volume of 1,085,681 shares. The firm has a market capitalization of $4.41 billion, a PE ratio of 48.42 and a beta of 0.19. The stock’s 50-day moving average price is $24.69 and its 200 day moving average price is $25.90. CubeSmart has a 52 week low of $23.65 and a 52 week high of $32.13.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $133 million during the quarter, compared to analyst estimates of $133.30 million. CubeSmart had a return on equity of 6.09% and a net margin of 18.95%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. On average, equities research analysts predict that CubeSmart will post $0.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, July 3rd will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.41%. CubeSmart’s payout ratio is currently 211.77%.

CUBE has been the subject of a number of recent research reports. Zacks Investment Research upgraded CubeSmart from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. BMO Capital Markets set a $29.00 price target on CubeSmart and gave the stock a “buy” rating in a research note on Wednesday, March 22nd. Citigroup Inc. restated a “neutral” rating and issued a $27.00 price target (down previously from $29.00) on shares of CubeSmart in a research note on Thursday, May 11th. Jefferies Group LLC restated a “buy” rating and issued a $31.00 price target on shares of CubeSmart in a research note on Tuesday, April 18th. Finally, Cantor Fitzgerald decreased their price target on CubeSmart from $30.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, May 22nd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $30.40.

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CubeSmart Company Profile

CubeSmart operates as a self-managed and self-administered real estate company. The Company focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. Its self-storage properties are designed to offer storage space for its residential and commercial customers.

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