CubeSmart (NYSE:CUBE) – Stock analysts at KeyCorp lifted their FY2018 earnings per share (EPS) estimates for shares of CubeSmart in a research report issued to clients and investors on Sunday, December 2nd. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings of $1.64 per share for the year, up from their previous forecast of $1.61. KeyCorp also issued estimates for CubeSmart’s FY2019 earnings at $1.70 EPS.

CubeSmart (NYSE:CUBE) last posted its earnings results on Thursday, October 25th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.18). CubeSmart had a net margin of 26.43% and a return on equity of 9.34%. The company had revenue of $153.37 million during the quarter, compared to analysts’ expectations of $150.76 million.

A number of other equities analysts also recently weighed in on CUBE. Zacks Investment Research upgraded CubeSmart from a “sell” rating to a “hold” rating in a report on Monday, October 29th. ValuEngine upgraded CubeSmart from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Evercore ISI raised CubeSmart from an “in-line” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Monday, September 10th. Citigroup cut their target price on CubeSmart from $33.00 to $29.00 and set a “hold” rating for the company in a research report on Friday, October 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $30.00 target price on shares of CubeSmart in a report on Thursday, October 25th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. CubeSmart has a consensus rating of “Buy” and an average price target of $31.91.

CubeSmart stock opened at $32.39 on Wednesday. The stock has a market cap of $5.85 billion, a PE ratio of 20.37, a PEG ratio of 3.85 and a beta of 0.11. CubeSmart has a one year low of $25.22 and a one year high of $33.18. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.04 and a quick ratio of 0.04.

Several hedge funds have recently modified their holdings of CUBE. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CubeSmart by 3.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,915 shares of the real estate investment trust’s stock worth $1,681,000 after acquiring an additional 1,763 shares during the period. Xact Kapitalforvaltning AB lifted its position in CubeSmart by 14.0% during the third quarter. Xact Kapitalforvaltning AB now owns 24,434 shares of the real estate investment trust’s stock valued at $697,000 after buying an additional 3,000 shares in the last quarter. Swiss National Bank lifted its position in shares of CubeSmart by 1.1% during the second quarter. Swiss National Bank now owns 317,300 shares of the real estate investment trust’s stock worth $10,223,000 after purchasing an additional 3,400 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of CubeSmart by 4.5% in the third quarter. First Republic Investment Management Inc. now owns 79,715 shares of the real estate investment trust’s stock worth $2,274,000 after buying an additional 3,458 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in CubeSmart by 18.1% during the second quarter. Advisors Asset Management Inc. now owns 23,537 shares of the real estate investment trust’s stock valued at $758,000 after purchasing an additional 3,604 shares during the last quarter.

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 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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Earnings History and Estimates for CubeSmart (NYSE:CUBE)

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