Several analysts have recently updated their ratings and price targets for CubeSmart (NYSE: CUBE):

  • 8/1/2017 – CubeSmart was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/31/2017 – CubeSmart was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self storage facilities in the United States. Its self storage facilities are designed to offer storage space for residential and commercial customers. CubeSmart, formally known as U-Store-It Trust, is based in Wayne, Pennsylvania. “
  • 7/21/2017 – CubeSmart was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self storage facilities in the United States. Its self storage facilities are designed to offer storage space for residential and commercial customers. CubeSmart, formally known as U-Store-It Trust, is based in Wayne, Pennsylvania. “
  • 7/20/2017 – CubeSmart was downgraded by analysts at Bank of America Corporation from a “neutral” rating to an “underperform” rating. They now have a $25.00 price target on the stock, down previously from $27.75.
  • 7/19/2017 – CubeSmart was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/12/2017 – CubeSmart was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/5/2017 – CubeSmart was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of CubeSmart (NYSE:CUBE) opened at 24.48 on Thursday. The firm’s 50 day moving average is $24.09 and its 200 day moving average is $25.39. CubeSmart has a 52-week low of $22.83 and a 52-week high of $28.98. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 42.28 and a beta of 0.19.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $138.60 million during the quarter, compared to the consensus estimate of $138.07 million. CubeSmart had a return on equity of 6.65% and a net margin of 20.36%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Equities analysts expect that CubeSmart will post $0.68 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Friday, September 29th. CubeSmart’s dividend payout ratio (DPR) is 186.21%.

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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