CubeSmart (NYSE:CUBE – Get Free Report) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.66-0.68 for the period, compared to the consensus estimate of $0.67. CubeSmart also updated its FY 2024 guidance to 2.610-2.670 EPS.
CubeSmart Price Performance
NYSE CUBE traded up $0.91 during trading hours on Friday, hitting $48.72. 2,551,682 shares of the company’s stock traded hands, compared to its average volume of 1,254,358. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.04 and a quick ratio of 0.04. The firm’s 50-day moving average is $45.14 and its 200-day moving average is $44.09. CubeSmart has a 52-week low of $33.17 and a 52-week high of $49.58. The company has a market capitalization of $10.96 billion, a PE ratio of 27.07, a PEG ratio of 8.43 and a beta of 0.80.
CubeSmart Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $2.04 annualized dividend and a yield of 4.19%. CubeSmart’s dividend payout ratio (DPR) is presently 113.33%.
Analysts Set New Price Targets
Read Our Latest Stock Report on CUBE
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, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.
Recommended Stories
- Five stocks we like better than CubeSmart
- Investing in Travel Stocks Benefits
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Dividend Payout Ratio Calculator
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- How to Evaluate a Stock Before BuyingÂ
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for CubeSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CubeSmart and related companies with MarketBeat.com's FREE daily email newsletter.