Somewhat Positive Press Coverage Somewhat Unlikely to Affect CubeSmart (CUBE) Stock Price

Media headlines about CubeSmart (NYSE:CUBE) have trended somewhat positive on Friday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CubeSmart earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.8078139968567 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

A number of brokerages have recently issued reports on CUBE. ValuEngine raised shares of CubeSmart from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Bank of America raised shares of CubeSmart from an “underperform” rating to a “neutral” rating and set a $32.00 price objective on the stock in a research report on Tuesday, May 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $30.00 price objective on shares of CubeSmart in a research report on Thursday, April 26th. Cantor Fitzgerald set a $31.00 target price on shares of CubeSmart and gave the stock a “buy” rating in a research report on Friday, March 9th. Finally, SunTrust Banks set a $31.00 target price on shares of CubeSmart and gave the stock a “hold” rating in a research report on Monday, January 22nd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.00.

NYSE:CUBE opened at $29.53 on Friday. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 3.51 and a beta of 0.07. CubeSmart has a twelve month low of $29.84 and a twelve month high of $30.04. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.04.

CubeSmart (NYSE:CUBE) last released its earnings results on Thursday, April 26th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.20). The company had revenue of $142.90 million for the quarter, compared to analysts’ expectations of $144.05 million. CubeSmart had a return on equity of 9.00% and a net margin of 25.27%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. equities research analysts expect that CubeSmart will post 1.64 earnings per share for the current year.

In other CubeSmart news, CEO Christopher P. Marr sold 175,568 shares of CubeSmart stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $29.87, for a total transaction of $5,244,216.16. Following the completion of the sale, the chief executive officer now directly owns 529,378 shares in the company, valued at approximately $15,812,520.86. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Christopher P. Marr sold 215,268 shares of CubeSmart stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $29.89, for a total transaction of $6,434,360.52. Following the sale, the chief executive officer now owns 529,378 shares of the company’s stock, valued at $15,823,108.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 465,322 shares of company stock worth $13,934,902. 1.26% of the stock is owned by insiders.

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.

Insider Buying and Selling by Quarter for CubeSmart (NYSE:CUBE)

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