Equities analysts expect that CubeSmart (NYSE:CUBE – Get Rating) will report sales of $250.15 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for CubeSmart’s earnings, with the lowest sales estimate coming in at $249.00 million and the highest estimate coming in at $251.60 million. CubeSmart reported sales of $199.25 million during the same quarter last year, which would suggest a positive year over year growth rate of 25.5%. The firm is scheduled to announce its next earnings results on Monday, January 1st.
On average, analysts expect that CubeSmart will report full-year sales of $985.29 million for the current fiscal year, with estimates ranging from $931.76 million to $1.01 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.05 billion, with estimates ranging from $959.67 million to $1.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for CubeSmart.
CubeSmart (NYSE:CUBE – Get Rating) last announced its earnings results on Thursday, April 28th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.40). CubeSmart had a return on equity of 10.78% and a net margin of 26.65%. The firm had revenue of $238.57 million during the quarter, compared to analysts’ expectations of $240.13 million. During the same period in the previous year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 26.3% on a year-over-year basis.
CUBE opened at $43.24 on Friday. The company’s 50 day moving average is $50.20 and its 200 day moving average is $51.90. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 1.09. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 41.18, a PEG ratio of 2.37 and a beta of 0.49. CubeSmart has a 12-month low of $41.41 and a 12-month high of $57.34.
The company also recently announced a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Friday, April 1st were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.98%. The ex-dividend date was Thursday, March 31st. CubeSmart’s dividend payout ratio is currently 163.81%.
A number of large investors have recently bought and sold shares of the business. Curi Wealth Management LLC bought a new position in shares of CubeSmart in the fourth quarter worth about $26,000. PSI Advisors LLC bought a new position in CubeSmart in the 1st quarter worth approximately $26,000. Focused Wealth Management Inc purchased a new stake in CubeSmart during the 1st quarter valued at approximately $26,000. Evoke Wealth LLC bought a new stake in shares of CubeSmart during the third quarter valued at approximately $27,000. Finally, MUFG Americas Holdings Corp lifted its holdings in shares of CubeSmart by 97.5% in the fourth quarter. MUFG Americas Holdings Corp now owns 472 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 233 shares in the last quarter. 95.92% of the stock is currently owned by institutional investors and hedge funds.
CubeSmart Company Profile (Get Rating)
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 2020 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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