CubeSmart (NYSE:CUBE – Get Free Report) can be releasing its earnings knowledge after the market closes on Thursday, October thirty first. Analysts anticipate CubeSmart to submit earnings of $0.68 per share for the quarter. Individuals enthusiastic about listening to the corporate’s earnings convention name can achieve this utilizing this hyperlink.
CubeSmart (NYSE:CUBE – Get Free Report) final launched its earnings outcomes on Thursday, August 1st. The true property funding belief reported $0.41 earnings per share for the quarter, lacking the consensus estimate of $0.64 by ($0.23). CubeSmart had a web margin of 38.07% and a return on fairness of 14.37%. The enterprise had income of $266.20 million for the quarter, in comparison with the consensus estimate of $260.68 million. Throughout the identical quarter within the earlier yr, the agency earned $0.66 EPS. The agency’s income for the quarter was up 2.1% on a year-over-year foundation. On common, analysts anticipate CubeSmart to submit $3 EPS for the present fiscal yr and $3 EPS for the subsequent fiscal yr.
CubeSmart Inventory Down 0.5 %
CUBE inventory opened at $47.99 on Tuesday. 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 1-year low of $33.17 and a 1-year excessive of $55.14. The agency has a fifty day shifting common worth of $51.56 and a two-hundred day shifting common worth of $47.01. The agency has a market cap of $10.81 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 8.81 and a beta of 0.82.
Insider Exercise
In different information, insider Jeffrey P. Foster offered 7,739 shares of the corporate’s inventory in a transaction dated Monday, August fifth. The inventory was offered at a median worth of $47.30, for a complete worth of $366,054.70. Following the transaction, the insider now owns 182,460 shares within the firm, valued at $8,630,358. This represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Trade Fee, which is out there at this hyperlink. In associated information, COO Joel D. Keaton offered 43,478 shares of the inventory in a transaction that occurred on Tuesday, August sixth. The inventory was offered at a median worth of $47.97, for a complete worth of $2,085,639.66. Following the transaction, the chief working officer now owns 87,663 shares within the firm, valued at roughly $4,205,194.11. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the SEC, which is accessible by this hyperlink. Additionally, insider Jeffrey P. Foster offered 7,739 shares of the inventory in a transaction that occurred on Monday, August fifth. The inventory was offered at a median worth of $47.30, for a complete worth of $366,054.70. Following the completion of the transaction, the insider now owns 182,460 shares within the firm, valued at $8,630,358. This represents a 0.00 % lower of their place. The disclosure for this sale may be discovered right here. Insiders have offered 88,217 shares of firm inventory value $4,244,344 within the final 90 days. Firm insiders personal 1.68% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of equities analysts have not too long ago issued reviews on the inventory. Wells Fargo & Firm boosted their worth goal on shares of CubeSmart from $48.00 to $50.00 and gave the corporate an “equal weight” score in a report on Monday, October twenty first. Scotiabank assumed protection on shares of CubeSmart in a report on Thursday, August twenty second. They issued a “sector outperform” score and a $53.00 worth goal for the corporate. Truist Monetary upped their worth goal on shares of CubeSmart from $44.00 to $50.00 and gave the inventory a “maintain” score in a 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 inventory a “purchase” score in a report on Wednesday, September 18th. Lastly, UBS Group downgraded shares of CubeSmart from a “purchase” score to a “impartial” score and upped their worth goal for the inventory from $53.00 to $54.00 in a report on Friday, September thirteenth. One funding analyst has rated the inventory with a promote score, seven have issued a maintain score and 4 have assigned a purchase score to the corporate’s inventory. In accordance with MarketBeat.com, CubeSmart presently has a consensus score of “Maintain” and a consensus worth goal of $50.58.
Verify Out Our Newest Evaluation on CUBE
CubeSmart Firm Profile
CubeSmart is a self-administered and self-managed actual property funding belief. The Firm’s self-storage properties are designed to supply inexpensive, simply accessible and, in most areas, climate-controlled cupboard space for residential and business prospects. In accordance with the 2023 Self-Storage Almanac, CubeSmart is without doubt one of the high three homeowners and operators of self-storage properties in the US.
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