Shares of CubeSmart (NYSE:CUBE – Get Free Report) have been given a consensus advice of “Maintain” by the twelve analysts which are at the moment overlaying the agency, Marketbeat.com stories. One equities analysis analyst has rated the inventory with a promote ranking, seven have assigned a maintain ranking and 4 have assigned a purchase ranking to the corporate. The typical 1 yr worth goal amongst brokerages which have up to date their protection on the inventory within the final yr is $50.50.
A lot of brokerages have just lately commented on CUBE. Scotiabank started protection on shares of CubeSmart in a analysis report on Thursday, August twenty second. They set a “sector outperform” ranking and a $53.00 worth goal for the corporate. Royal Financial institution of Canada started protection on shares of CubeSmart in a analysis report on Tuesday, September tenth. They set an “outperform” ranking and a $56.00 worth goal for the corporate. Truist Monetary upped their worth goal on shares of CubeSmart from $44.00 to $50.00 and gave the corporate a “maintain” ranking in a analysis report on Friday, August sixteenth. Jefferies Monetary Group upped their worth goal on shares of CubeSmart from $53.00 to $62.00 and gave the corporate a “purchase” ranking in a analysis report on Wednesday, September 18th. Lastly, Wells Fargo & Firm upped their goal worth on shares of CubeSmart from $46.00 to $48.00 and gave the corporate an “equal weight” ranking in a analysis notice on Friday, July twenty sixth.
Learn Our Newest Evaluation on CubeSmart
Insiders Place Their Bets
In different CubeSmart information, insider Jeffrey P. Foster offered 7,739 shares of the corporate’s inventory in a transaction dated Monday, August fifth. The shares had been offered at a median worth of $47.30, for a complete transaction of $366,054.70. Following the sale, the insider now straight owns 182,460 shares of the corporate’s inventory, valued at $8,630,358. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is obtainable by means of this hyperlink. In different information, CEO Christopher P. Marr offered 37,000 shares of the corporate’s inventory in a transaction that occurred on Wednesday, August seventh. The shares had been offered at a median worth of $48.45, for a complete transaction of $1,792,650.00. Following the transaction, the chief government officer now straight owns 576,836 shares within the firm, valued at $27,947,704.20. The sale was disclosed in a doc filed with the Securities & Trade Fee, which is obtainable by means of the SEC web site. Additionally, insider Jeffrey P. Foster offered 7,739 shares of the corporate’s inventory in a transaction that occurred on Monday, August fifth. The inventory was offered at a median worth of $47.30, for a complete transaction of $366,054.70. Following the transaction, the insider now owns 182,460 shares within the firm, valued at $8,630,358. The disclosure for this sale may be discovered right here. During the last ninety days, insiders have offered 88,217 shares of firm inventory valued at $4,244,344. 1.68% of the inventory is at the moment owned by insiders.
Hedge Funds Weigh In On CubeSmart
A lot of massive traders have just lately modified their holdings of the inventory. Quarry LP lifted its place in shares of CubeSmart by 195.6% through the second quarter. Quarry LP now owns 1,144 shares of the actual property funding belief’s inventory value $52,000 after buying an extra 757 shares within the final quarter. Sunbelt Securities Inc. lifted its holdings in CubeSmart by 38.0% within the second quarter. Sunbelt Securities Inc. now owns 2,585 shares of the actual property funding belief’s inventory valued at $117,000 after shopping for an extra 712 shares through the interval. Artistic Planning lifted its holdings in CubeSmart by 9.1% within the second quarter. Artistic Planning now owns 16,028 shares of the actual property funding belief’s inventory valued at $724,000 after shopping for an extra 1,340 shares through the interval. Algert International LLC lifted its holdings in CubeSmart by 93.1% within the second quarter. Algert International LLC now owns 46,981 shares of the actual property funding belief’s inventory valued at $2,122,000 after shopping for an extra 22,651 shares through the interval. Lastly, Liberty Mutual Group Asset Administration Inc. acquired a brand new place in CubeSmart within the second quarter valued at roughly $2,682,000. 97.61% of the inventory is at the moment owned by institutional traders and hedge funds.
CubeSmart Inventory Down 0.6 %
CubeSmart inventory opened at $52.07 on Tuesday. The agency has a market cap of $11.71 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 9.73 and a beta of 0.82. The corporate has a debt-to-equity ratio of 1.03, a present ratio of 0.03 and a fast ratio of 0.03. CubeSmart has a fifty-two week low of $33.17 and a fifty-two week excessive of $55.14. The agency has a fifty day transferring common worth of $50.93 and a two-hundred day transferring common worth of $46.30.
CubeSmart (NYSE:CUBE – Get Free Report) final introduced its quarterly earnings knowledge on Thursday, August 1st. The actual property funding belief reported $0.41 EPS for the quarter, lacking analysts’ consensus estimates of $0.64 by ($0.23). The corporate had income of $266.20 million for the quarter, in comparison with analyst estimates of $260.68 million. CubeSmart had a internet margin of 38.07% and a return on fairness of 14.37%. The agency’s quarterly income was up 2.1% on a year-over-year foundation. Throughout the identical interval within the prior yr, the corporate posted $0.66 EPS. As a bunch, analysts forecast that CubeSmart will publish 2.64 earnings per share for the present yr.
CubeSmart Proclaims Dividend
The corporate additionally just lately disclosed a quarterly dividend, which will likely be paid on Tuesday, October fifteenth. Shareholders of document on Tuesday, October 1st will likely be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $2.04 annualized dividend and a yield of three.92%. CubeSmart’s dividend payout ratio is 113.33%.
About CubeSmart
CubeSmart is a self-administered and self-managed actual property funding belief. The Firm’s self-storage properties are designed to supply reasonably priced, simply accessible and, in most areas, climate-controlled space for storing for residential and business clients. Based on the 2023 Self-Storage Almanac, CubeSmart is likely one of the prime three house owners and operators of self-storage properties in the US.
Additional Studying
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