Wall Street analysts expect that CubeSmart (NYSE:CUBE) will report $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five 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 in the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, April 26th.
On average, analysts expect that CubeSmart will report full-year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.65. For the next fiscal year, analysts expect that the business will report earnings of $1.71 per share, with EPS estimates ranging from $1.64 to $1.75. Zacks’ EPS averages are an average based on a survey of 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, hitting the consensus estimate of $0.41. CubeSmart had a return on equity of 8.39% and a net margin of 24.02%. The company had revenue of $143.48 million during the quarter, compared to analyst estimates of $143.18 million. During the same quarter last year, the firm posted $0.38 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis.
CUBE traded down $0.25 during trading hours on Friday, hitting $28.25. The stock had a trading volume of 863,556 shares, compared to its average volume of 1,259,753. CubeSmart has a 1 year low of $22.83 and a 1 year high of $29.79. The firm has a market cap of $5,149.35, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 3.59 and a beta of 0.09. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.06 and a current ratio of 0.06.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be paid a $0.30 dividend. The ex-dividend date is Thursday, March 29th. This represents a $1.20 annualized dividend and a yield of 4.25%. CubeSmart’s dividend payout ratio is currently 75.47%.
Hedge funds and other institutional investors have recently modified their holdings of the business. American International Group Inc. bought a new stake in shares of CubeSmart during the 4th quarter valued at about $119,000. The Manufacturers Life Insurance Company boosted its position in shares of CubeSmart by 7.4% during the 2nd 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 during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of CubeSmart during the 3rd quarter valued at about $211,000. Comerica Bank bought a new stake in shares of CubeSmart during the 3rd quarter valued at about $220,000. Finally, Shelton Capital Management bought a new stake in shares of CubeSmart during the 4th quarter valued at about $249,000.
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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