Analysts predict that CubeSmart (NYSE:CUBE) will announce $150.76 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for CubeSmart’s earnings. The lowest sales estimate is $145.69 million and the highest is $155.51 million. CubeSmart reported sales of $143.87 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that CubeSmart will report full year sales of $587.20 million for the current year, with estimates ranging from $573.15 million to $602.40 million. For the next year, analysts forecast that the company will post sales of $625.08 million per share, with estimates ranging from $599.00 million to $656.81 million. Zacks’ sales calculations are an average based on a survey of research analysts that follow CubeSmart.

CubeSmart (NYSE:CUBE) last announced its earnings results on Thursday, July 26th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. CubeSmart had a net margin of 25.89% and a return on equity of 9.22%. The business had revenue of $147.82 million during the quarter, compared to analyst estimates of $148.68 million. During the same period in the previous year, the business posted $0.39 earnings per share. CubeSmart’s revenue for the quarter was up 6.7% on a year-over-year basis.

CUBE has been the subject of several research analyst reports. ValuEngine lowered shares of CubeSmart from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Jefferies Financial Group lowered shares of CubeSmart from a “buy” rating to a “hold” rating and set a $37.00 target price for the company. in a research report on Tuesday, July 17th. Bank of America upgraded shares of CubeSmart from an “underperform” rating to a “neutral” rating and set a $32.00 target price for the company in a research report on Tuesday, May 8th. Citigroup lifted their target price on shares of CubeSmart from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, July 12th. Finally, Zacks Investment Research upgraded shares of CubeSmart from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, July 4th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.36.

Institutional investors and hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of CubeSmart by 127.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 733,947 shares of the real estate investment trust’s stock worth $23,648,000 after acquiring an additional 411,558 shares during the last quarter. Bailard Inc. increased its stake in shares of CubeSmart by 26.5% in the second quarter. Bailard Inc. now owns 24,850 shares of the real estate investment trust’s stock worth $801,000 after buying an additional 5,200 shares during the period. Centersquare Investment Management LLC purchased a new position in shares of CubeSmart in the first quarter worth $230,409,000. Intact Investment Management Inc. purchased a new position in shares of CubeSmart in the second quarter worth $226,000. Finally, Russell Investments Group Ltd. increased its stake in shares of CubeSmart by 28.6% in the second quarter. Russell Investments Group Ltd. now owns 1,418,713 shares of the real estate investment trust’s stock worth $45,863,000 after buying an additional 315,408 shares during the period.

Shares of CubeSmart stock opened at $30.19 on Wednesday. CubeSmart has a 1 year low of $24.80 and a 1 year high of $33.18. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 3.73 and a beta of 0.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.07 and a quick ratio of 0.07.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be issued a $0.30 dividend. The ex-dividend date is Friday, September 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.97%. CubeSmart’s payout ratio is 75.47%.

CubeSmart Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2018 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

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Earnings History and Estimates for CubeSmart (NYSE:CUBE)

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