Equities research analysts expect CubeSmart (NYSE:CUBE) to announce earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for CubeSmart’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.38. CubeSmart reported earnings of $0.36 per share during the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The company is scheduled to announce its next earnings report on Thursday, April 26th.
On average, analysts expect that CubeSmart will report full year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.61 to $1.66. For the next year, analysts anticipate that the business will post earnings of $1.70 per share, with EPS estimates ranging from $1.64 to $1.75. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow CubeSmart.
CubeSmart (NYSE:CUBE) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. CubeSmart had a net margin of 24.02% and a return on equity of 8.39%. The business had revenue of $143.48 million during the quarter, compared to the consensus estimate of $143.18 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year.
Shares of CubeSmart (CUBE) opened at $27.16 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.07 and a current ratio of 0.06. CubeSmart has a 1 year low of $22.83 and a 1 year high of $29.79. The firm has a market cap of $4,950.67, a PE ratio of 36.21, a P/E/G ratio of 2.97 and a beta of 0.13.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Thursday, March 29th. CubeSmart’s dividend payout ratio (DPR) is 160.00%.
In other news, CFO Timothy M. Martin sold 57,746 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $29.41, for a total value of $1,698,309.86. Following the completion of the transaction, the chief financial officer now directly owns 211,694 shares in the company, valued at $6,225,920.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Timothy M. Martin sold 83,409 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $29.32, for a total transaction of $2,445,551.88. Following the completion of the transaction, the chief financial officer now owns 228,948 shares of the company’s stock, valued at $6,712,755.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 167,425 shares of company stock valued at $4,915,172. 1.20% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of CUBE. Cubist Systematic Strategies LLC bought a new position in shares of CubeSmart in the second quarter valued at approximately $286,000. The Manufacturers Life Insurance Company boosted its holdings in shares of CubeSmart by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 5,341 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 370 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of CubeSmart by 2.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 838,000 shares of the real estate investment trust’s stock valued at $21,754,000 after acquiring an additional 20,000 shares in the last quarter. Honeywell International Inc. boosted its holdings in shares of CubeSmart by 27.8% in the third quarter. Honeywell International Inc. now owns 36,882 shares of the real estate investment trust’s stock valued at $957,000 after acquiring an additional 8,012 shares in the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in shares of CubeSmart by 72.0% in the third quarter. Dupont Capital Management Corp now owns 45,626 shares of the real estate investment trust’s stock valued at $1,184,000 after acquiring an additional 19,102 shares in the last quarter.
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CubeSmart operates as a self-managed and self-administered real estate company. The Company focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. Its self-storage properties are designed to offer storage space for its residential and commercial customers.
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