CubeSmart (NYSE:CUBE – Get Free Report) will be releasing its earnings data after the market closes on Thursday, February 29th. Analysts expect CubeSmart to post earnings of $0.68 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
CubeSmart Stock Performance
Shares of CUBE stock opened at $42.72 on Tuesday. The business’s 50-day moving average price is $44.86 and its 200-day moving average price is $41.21. CubeSmart has a 12 month low of $33.17 and a 12 month high of $48.93. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.92 and a beta of 0.70. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.03.
CubeSmart Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were paid a $0.51 dividend. This is a positive change from CubeSmart’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend was Friday, December 29th. CubeSmart’s payout ratio is currently 122.16%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on CUBE
Hedge Funds Weigh In On CubeSmart
A number of large investors have recently made changes to their positions in CUBE. M&T Bank Corp boosted its position in shares of CubeSmart by 1.0% during the 3rd quarter. M&T Bank Corp now owns 25,747 shares of the real estate investment trust’s stock valued at $1,030,000 after acquiring an additional 257 shares during the last quarter. Gries Financial LLC increased its holdings in shares of CubeSmart by 0.6% in the 2nd quarter. Gries Financial LLC now owns 43,588 shares of the real estate investment trust’s stock worth $1,947,000 after buying an additional 278 shares during the last quarter. Vident Investment Advisory LLC increased its holdings in shares of CubeSmart by 3.7% in the 4th quarter. Vident Investment Advisory LLC now owns 8,209 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 294 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of CubeSmart by 6.6% in the 2nd quarter. Raymond James Trust N.A. now owns 5,511 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 341 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in shares of CubeSmart by 7.3% in the 1st quarter. Belpointe Asset Management LLC now owns 6,692 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 455 shares during the last quarter. 96.66% of the stock is owned by institutional investors.
About CubeSmart
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.
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