CubeSmart (CUBE) Receives News Sentiment Score of 0.17

Media stories about CubeSmart (NYSE:CUBE) have been trending somewhat positive recently, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CubeSmart earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.2078629455589 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

CUBE has been the topic of a number of analyst reports. B. Riley reiterated a “buy” rating on shares of CubeSmart in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of CubeSmart from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. BidaskClub upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, September 16th. Robert W. Baird reiterated a “buy” rating and set a $27.00 price objective on shares of CubeSmart in a research note on Tuesday, October 17th. Finally, Evercore ISI reiterated an “outperform” rating and set a $28.00 price objective (up previously from $27.00) on shares of CubeSmart in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $29.00.

CubeSmart (NYSE CUBE) traded up $0.21 on Monday, hitting $28.30. 1,140,700 shares of the stock were exchanged, compared to its average volume of 1,424,240. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market capitalization of $5,090.00, a price-to-earnings ratio of 43.54, a P/E/G ratio of 3.45 and a beta of 0.22. CubeSmart has a 12 month low of $22.83 and a 12 month high of $29.79.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, December 29th. This is a positive change from CubeSmart’s previous quarterly dividend of $0.27. CubeSmart’s payout ratio is 184.62%.

In related news, CEO Christopher P. Marr sold 6,000 shares of CubeSmart stock in a transaction on Friday, December 15th. The shares were sold at an average price of $29.33, for a total value of $175,980.00. Following the completion of the sale, the chief executive officer now owns 410,138 shares in the company, valued at $12,029,347.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Timothy M. Martin sold 83,409 shares of CubeSmart stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $29.32, for a total transaction of $2,445,551.88. Following the completion of the sale, the chief financial officer now owns 228,948 shares of the company’s stock, valued at approximately $6,712,755.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 167,425 shares of company stock valued at $4,915,172. Insiders own 1.20% of the company’s stock.

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CubeSmart Company Profile

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.

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