CubeSmart (CUBE) Expected to Announce Quarterly Earnings on Thursday

CubeSmart (NYSE:CUBE) is expected to be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $267.54 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

CubeSmart Stock Performance

Shares of NYSE CUBE opened at $43.26 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.02. The firm’s 50-day moving average price is $41.89 and its two-hundred day moving average price is $47.15. CubeSmart has a 52-week low of $39.80 and a 52-week high of $55.14. The stock has a market capitalization of $9.78 billion, a P/E ratio of 24.44, a P/E/G ratio of 11.58 and a beta of 0.87.

CubeSmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.81%. CubeSmart’s dividend payout ratio (DPR) is presently 117.51%.

Wall Street Analyst Weigh In

CUBE has been the topic of several recent analyst reports. Truist Financial raised CubeSmart from a “hold” rating to a “buy” rating and dropped their target price for the stock from $50.00 to $47.00 in a report on Friday, January 17th. Barclays decreased their price target on shares of CubeSmart from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of CubeSmart from a “sell” rating to a “hold” rating and decreased their price target for the stock from $46.00 to $45.00 in a research report on Friday, January 10th. Royal Bank of Canada decreased their price target on shares of CubeSmart from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, Scotiabank decreased their price target on shares of CubeSmart from $53.00 to $52.00 and set a “sector outperform” rating on the stock in a research report on Monday, November 25th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, CubeSmart currently has an average rating of “Hold” and a consensus target price of $49.18.

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, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.