$0.30 dividends are now a reality for CubeSmart (NYSE:CUBE) shareholders. Here’s why.

December 28, 2017 - By Linda Rogers

 $0.30 dividends are now a reality for CubeSmart (NYSE:CUBE) shareholders. Here's why.
Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.19, from 1.34 in 2017Q2. It fall, as 25 investors sold CubeSmart shares while 74 reduced holdings. 30 funds opened positions while 84 raised stakes. 192.70 million shares or 7.78% more from 178.80 million shares in 2017Q2 were reported.
State Street Corp owns 5.55 million shares. Advisory Service Networks Lc owns 500 shares. Amp Cap Investors Limited reported 113,841 shares. State Of Wisconsin Inv Board owns 391,648 shares for 0.03% of their portfolio. Creative Planning, a Kansas-based fund reported 9,856 shares. Swiss State Bank invested in 0.01% or 300,100 shares. Kempen Cap Mgmt Nv has 1.22 million shares for 2.45% of their portfolio. Schroder Mngmt has invested 0.04% of its portfolio in CubeSmart (NYSE:CUBE). Us Retail Bank De holds 0% or 54,071 shares in its portfolio. Parametric Port Limited Liability Co stated it has 165,969 shares or 0% of all its holdings. Davis Selected Advisers has invested 0.04% in CubeSmart (NYSE:CUBE). First Tru Lp invested in 0% or 53,467 shares. Credit Suisse Ag reported 0.01% stake. Cbre Clarion Lc holds 7.85 million shares or 2.25% of its portfolio. Sit Associates Inc owns 301,700 shares or 0.19% of their US portfolio.

Since December 12, 2017, it had 0 buys, and 4 selling transactions for $7.67 million activity. The insider MARTIN TIMOTHY M sold 57,746 shares worth $1.70M. $2.93 million worth of stock was sold by MARR CHRISTOPHER P on Thursday, December 14.

CubeSmart (NYSE:CUBE) is expected to pay $0.30 on Jan 16, 2018. The indicated annual dividend is $1.20. Shareholders owning the stock before Dec 29, 2017 will be eligible to receive the payout. Based on CubeSmart’s current price of $29.02, the dividend is 1.03 %. This dividend’s record date is Jan 2, 2018 and the announcement date is Dec 14, 2017. The stock increased 0.52% or $0.15 during the last trading session, reaching $29.02. About 767,837 shares traded. CubeSmart (NYSE:CUBE) has declined 19.28% since December 28, 2016 and is downtrending. It has underperformed by 35.98% the S&P500.

CubeSmart is an equity real estate investment trust. The company has market cap of $5.30 billion. The firm invests in the real estate markets of the United States. It has a 44.65 P/E ratio. It engages in ownership, operation, acquisition and development of self-storage facilities.

CubeSmart (NYSE:CUBE) Ratings Coverage

Among 13 analysts covering CubeSmart (NYSE:CUBE), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. CubeSmart has $37 highest and $25.0 lowest target. $30.27’s average target is 4.31% above currents $29.02 stock price. CubeSmart had 39 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Wednesday, August 30 by Raymond James. The stock has “Buy” rating by Jefferies on Wednesday, April 19. The firm has “Neutral” rating given on Friday, January 20 by Bank of America. The company was maintained on Wednesday, August 10 by Jefferies. FBR Capital initiated the stock with “Outperform” rating in Thursday, June 23 report. DA Davidson initiated it with “Neutral” rating and $35 target in Friday, June 24 report. The stock of CubeSmart (NYSE:CUBE) has “Hold” rating given on Thursday, October 26 by SunTrust. The firm has “Buy” rating by Evercore given on Tuesday, September 8. The firm earned “Sell” rating on Thursday, July 20 by Bank of America. Raymond James downgraded the stock to “Outperform” rating in Friday, November 13 report.

More notable recent CubeSmart (NYSE:CUBE) news were published by: Globenewswire.com which released: “CubeSmart Announces 11.1% Increase in Quarterly Common Dividend” on December 14, 2017, also Therealdeal.com with their article: “Construction company sells self-storage facility in Delray Beach to CubeSmart” published on December 12, 2017, Seekingalpha.com published: “Wait For A Drop Before Buying This 4.1%-Yielding REIT” on December 20, 2017. More interesting news about CubeSmart (NYSE:CUBE) were released by: Moodys.com and their article: “Moody’s affirms CubeSmart’s senior unsecured rating at Baa2; stable outlook” published on December 19, 2017 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Cardinal Health, CubeSmart and Ventas” with publication date: December 27, 2017.

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