CubeSmart (NYSE:CUBE) will issue its quarterly earnings data after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.

Shares of CubeSmart (NYSE:CUBE) opened at $26.48 on Wednesday. CubeSmart has a 12 month low of $22.83 and a 12 month high of $29.79. The firm has a market cap of $4,735.48, a price-to-earnings ratio of 40.12, a PEG ratio of 2.85 and a beta of 0.13. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.00.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were paid a $0.30 dividend. The ex-dividend date was Friday, December 29th. This represents a $1.20 annualized dividend and a dividend yield of 4.53%. This is an increase from CubeSmart’s previous quarterly dividend of $0.27. CubeSmart’s dividend payout ratio is currently 181.82%.

CUBE has been the topic of several recent analyst reports. Zacks Investment Research raised shares of CubeSmart from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Monday, December 18th. FBR & Co reissued a “buy” rating and issued a $32.00 target price on shares of CubeSmart in a research note on Friday, October 27th. BidaskClub raised shares of CubeSmart from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. B. Riley set a $32.00 target price on shares of CubeSmart and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, SunTrust Banks reissued a “hold” rating and issued a $25.00 target price on shares of CubeSmart in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.55.

In other news, CEO Christopher P. Marr sold 6,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $29.33, for a total value of $175,980.00. Following the transaction, the chief executive officer now directly owns 410,138 shares in the company, valued at $12,029,347.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Timothy M. Martin sold 57,746 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $29.41, for a total transaction of $1,698,309.86. Following the completion of the transaction, the chief financial officer now owns 211,694 shares in the company, valued at $6,225,920.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,425 shares of company stock worth $4,915,172. Company insiders own 1.20% of the company’s stock.

A hedge fund recently raised its stake in CubeSmart stock. The Manufacturers Life Insurance Company lifted its stake in CubeSmart (NYSE:CUBE) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,341 shares of the real estate investment trust’s stock after purchasing an additional 370 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in CubeSmart were worth $128,000 at the end of the most recent quarter.

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About CubeSmart

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.

Earnings History for CubeSmart (NYSE:CUBE)

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