CubeSmart (NYSE:CUBE) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.090-$2.100 for the period. The company issued revenue guidance of -.CubeSmart also updated its Q4 2021 guidance to $0.560-$0.570 EPS.
CUBE stock traded up $1.19 during trading on Thursday, hitting $55.06. The company had a trading volume of 1,237,442 shares, compared to its average volume of 1,081,550. The company has a fifty day moving average price of $52.42 and a two-hundred day moving average price of $49.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.13. The company has a market cap of $11.19 billion, a P/E ratio of 50.05, a P/E/G ratio of 2.93 and a beta of 0.35. CubeSmart has a fifty-two week low of $31.44 and a fifty-two week high of $56.64.
CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, November 4th. The real estate investment trust reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.10). CubeSmart had a net margin of 28.28% and a return on equity of 11.73%. The company had revenue of $212.56 million during the quarter, compared to analyst estimates of $206.64 million. During the same period in the prior year, the firm earned $0.44 EPS. CubeSmart’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, analysts expect that CubeSmart will post 2.1 earnings per share for the current year.
Several equities analysts have issued reports on CUBE shares. Truist Securities lifted their price objective on CubeSmart from $48.00 to $53.00 and gave the company a hold rating in a research report on Monday, August 16th. Zacks Investment Research upgraded CubeSmart from a hold rating to a buy rating and set a $56.00 price objective for the company in a research report on Thursday, August 5th. Raymond James upgraded CubeSmart from an underperform rating to a market perform rating in a research report on Tuesday, August 10th. Berenberg Bank assumed coverage on CubeSmart in a research report on Thursday, October 7th. They set a hold rating and a $52.00 target price for the company. Finally, Truist boosted their target price on CubeSmart from $48.00 to $53.00 and gave the stock a hold rating in a research report on Monday, August 16th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $49.50.
CubeSmart operates as a self-managed and self-administered real estate investment trust with its operations conducted solely through CubeSmart LP and its subsidiaries. It owns, operates, develops, manages, and acquires self-storage properties. The company was founded in July 2004 and is headquartered in Malvern, PA.
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