Analyst Expects CubeSmart (NYSE: CUBE) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, CUBE falls under the Real Estate sector while operating within the REIT – Industrial industry segment. The current market capitalization of CubeSmart is $10.93B. A total of 1.85 million shares were traded on the day, compared to an average of 1.25M shares.

In the most recent transaction, MARR CHRISTOPHER P sold 37,000 shares of CUBE for 48.45 per share on Aug 07 ’24. After the transaction, the CEO now owns 576,836 company shares. In a previous transaction on Aug 06 ’24, Keaton Joel D bought 43,478 shares at 47.77 per share.

Among the insiders who sold shares, Keaton Joel D disposed of 43,478 shares on Aug 06 ’24 at a per-share price of $47.97. This resulted in the COO holding 87,663 shares of CUBE after the transaction. In another insider transaction, MARR CHRISTOPHER P bought 74,906 shares at $48.33 per share on Aug 05 ’24.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. CubeSmart pays an annual dividend of $2.02, resulting in a dividend yield of 4.16%, and it has a price to earnings (P/E) ratio of 27.20. CUBE’s most recent ex-dividend date was 10/1/2024 when it declared a $0.51 quarterly dividend that was paid in cash on 10/15/2024. Previously, the company paid the dividend on 7/15/2024 with an ex-dividend date of 7/1/2024. The CUBE stock dividend was $0.51 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CUBE has a high of $49.58 and a low of $33.17.

As of this writing, CUBE has an earnings estimate of $0.44 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of $0.45 per share and a lower estimate of $0.43.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CUBE’s latest balance sheet shows that the firm has $11.14M in Cash & Short Term Investments as of fiscal 2021. There were $3.21B in debt and $546.95M in liabilities at the time. Its Book Value Per Share was $12.30, while its Total Shareholder’s Equity was $3.00B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CUBE is Buy with a score of 3.21.

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