In today’s session CubeSmart (CUBE) registered an unusually high (1,020) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious CUBE increase. With 1,020 contracts traded and 454 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: CUBE170217C00025000 closed last at: $1.1 or 37.5% up. The stock decreased 0.94% or $0.23 on November 23, hitting $24.28. About 1.06M shares traded hands. CubeSmart (NYSE:CUBE) has declined 19.58% since April 22, 2016 and is downtrending. It has underperformed by 24.99% the S&P500.
Analysts await CubeSmart (NYSE:CUBE) to report earnings on February, 16. They expect $0.37 earnings per share, up 12.12% or $0.04 from last year’s $0.33 per share. CUBE’s profit will be $68.42M for 16.41 P/E if the $0.37 EPS becomes a reality. After $0.38 actual earnings per share reported by CubeSmart for the previous quarter, Wall Street now forecasts -2.63% negative EPS growth.
CubeSmart (NYSE:CUBE) Ratings Coverage
Out of 11 analysts covering CubeSmart (NYSE:CUBE), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. $37 is the highest target while $27 is the lowest. The $32.25 average target is 32.83% above today’s ($24.28) stock price. CubeSmart has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, September 8 the stock rating was maintained by Evercore with “Buy”. The firm earned “Buy” rating on Wednesday, August 10 by Jefferies. FBR Capital initiated it with “Outperform” rating and $35 target price in Thursday, June 23 report. The stock of CubeSmart (NYSE:CUBE) has “Neutral” rating given on Friday, June 24 by DA Davidson. The firm has “Hold” rating by Evercore given on Monday, March 21. BB&T Capital initiated CubeSmart (NYSE:CUBE) on Wednesday, November 11 with “Buy” rating. The firm earned “Outperform” rating on Friday, November 13 by Raymond James. Citigroup maintained CubeSmart (NYSE:CUBE) on Thursday, May 12 with “Neutral” rating. The firm has “Outperform” rating by Robert W. Baird given on Thursday, July 23.
According to Zacks Investment Research, “CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self storage facilities in the United States. Its self storage facilities are designed to offer storage space for residential and commercial customers. CubeSmart, formally known as U-Store-It Trust, is based in Wayne, Pennsylvania.”
Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.04, from 0.98 in 2016Q1. The ratio improved, as 22 funds sold all CubeSmart shares owned while 96 reduced positions. 39 funds bought stakes while 77 increased positions. They now own 178.71 million shares or 0.94% less from 180.40 million shares in 2016Q1.
Proshare Advisors Lc holds 0.02% or 45,808 shares in its portfolio. Eaton Vance Mgmt has 432,308 shares for 0.04% of their US portfolio. Voya Inv Mgmt has invested 0.01% of its portfolio in CubeSmart (NYSE:CUBE). Fmr Limited Liability Co holds 0% of its portfolio in CubeSmart (NYSE:CUBE) for 1.01M shares. Chicago Equity Prtnrs Ltd Liability owns 38,025 shares or 0.03% of their US portfolio. Gsa Cap Partners Limited Liability Partnership, a United Kingdom-based fund reported 25,820 shares. M&T National Bank has 27,465 shares for 0.01% of their US portfolio. Solaris Asset Ltd Liability Corporation has invested 0.02% of its portfolio in CubeSmart (NYSE:CUBE). Metropolitan Life Ins Co New York accumulated 0% or 20,137 shares. Prudential Fin holds 11,525 shares or 0% of its portfolio. Miles Capital last reported 0.22% of its portfolio in the stock. Pictet Asset Management Ltd, a United Kingdom-based fund reported 494,300 shares. Schwab Charles Mngmt Inc accumulated 0.05% or 1.29M shares. King Luther Cap Mgmt holds 447,690 shares or 0.14% of its portfolio. Deutsche Comml Bank Ag accumulated 0.06% or 2.78M shares.
Insider Transactions: Since August 31, 2016, the stock had 0 insider buys, and 2 sales for $1.18 million net activity. The insider DIEFENDERFER WILLIAM M III sold $80,689. Shares for $1.10M were sold by KELER MARIANNE M.
CubeSmart operates as a self-managed and self-administered real estate investment trust . The company has a market cap of $4.49 billion. The Company’s activities are conducted solely through CubeSmart, L.P. (the Operating Partnership) and its subsidiaries. It has a 46.74 P/E ratio. The Firm is focused primarily on the ownership, operation, management, acquisition and development of self-storage facilities in the United States.
CUBE Company Profile
CubeSmart, incorporated on July 26, 2004, operates as a self-managed and self-administered real estate investment trust (REIT). The Company’s activities are conducted solely through CubeSmart, L.P. (the Operating Partnership) and its subsidiaries. The Firm is focused primarily on the ownership, operation, management, acquisition and development of self-storage facilities in the United States. The Company’s self-storage facilities offer storage space for its residential and commercial clients with features, such as wide aisles and loadbearing capabilities for large truck access. The Company’s self-storage facilities are located in metropolitan areas, as well as suburban areas. The Firm owns over 440 self-storage facilities located in over 20 states and in the District of Columbia containing an aggregate of approximately 30.4 million rentable square feet. It also enables the clients to rent storage cubes for their use, typically on a month-to-month basis.
Another recent and important CubeSmart (NYSE:CUBE) news was published by Nytimes.com which published an article titled: “Counterfeiting Trade Settles Into a New York Standby: Self-Storage Units” on November 20, 2016.
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