CubeSmart (NYSE:CUBE) Given Price Target Of $33.111


As per CubeSmart (NYSE:CUBE)’s news release on 2016-08-03, its shareholders will get cash dividend of $0.21 per share. The recent press release updated on the record date and payout date, which stands at 2016-10-03 and 2016-10-17, respectively.

The stock will commence trading ex-dividend from 2016-09-29, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year CubeSmart (NYSE:CUBE) disbursed $0.21 in dividend compared to distribution of $0.21, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 25.4545%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated CubeSmart (NYSE:CUBE) to attain a price target of $33.111. It is an average estimate figure given by 9 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $37. The low price range is set at $30 for next year while the arithmetic mean is seen at 1.82.

Eyeing Earnings CubeSmart (NYSE:CUBE) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.37 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, CubeSmart (NYSE:CUBE) earnings came at $0.36 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.34 for the quarter.

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