CubeSmart (NYSE:CUBE – Get Free Report) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.66-0.68 for the period, compared to the consensus earnings per share estimate of $0.67. CubeSmart also updated its FY 2024 guidance to 2.610-2.670 EPS.
CubeSmart Trading Up 1.9 %
Shares of NYSE:CUBE traded up $0.91 during midday trading on Friday, hitting $48.72. 2,551,682 shares of the stock traded hands, compared to its average volume of 1,254,358. The stock has a market capitalization of $10.96 billion, a PE ratio of 27.07, a P/E/G ratio of 8.43 and a beta of 0.80. The business’s 50 day moving average is $45.14 and its two-hundred day moving average is $44.09. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.04. CubeSmart has a one year low of $33.17 and a one year high of $49.58.
CubeSmart Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Tuesday, October 1st. CubeSmart’s dividend payout ratio is currently 113.33%.
Analyst Ratings Changes
View Our Latest Report on CubeSmart
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, 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.
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