CubeSmart (NYSE:CUBE) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analysts maintain a “Hold” consensus on CubeSmart, with eight hold ratings and six buys; the average 1-year price target is $43.55 versus the recent share price of $39.73.
• CubeSmart reported quarterly EPS of $0.39, missing the $0.64 consensus estimate, although revenue of $286.49 million exceeded expectations and increased 1.5% year over year.
• The REIT declared a quarterly dividend of $0.53, equivalent to a 5.3% annualized yield, while institutional investors own approximately 97.6% of outstanding shares.

Shares of CubeSmart (NYSE:CUBE - Get Free Report) have earned an average rating of "Hold" from the fourteen brokerages that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $43.5455.

A number of analysts recently weighed in on the stock. Evercore set a $47.00 price objective on shares of CubeSmart in a research note on Monday, July 6th. Truist Financial increased their target price on shares of CubeSmart from $41.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, June 17th. Wells Fargo & Company raised their target price on shares of CubeSmart from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. Mizuho boosted their price target on shares of CubeSmart from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Wednesday, May 27th. Finally, UBS Group upped their price target on shares of CubeSmart from $41.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, July 10th.

CubeSmart Trading Down 0.7%

Shares of NYSE CUBE opened at $39.73 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. The business has a fifty day simple moving average of $41.06 and a two-hundred day simple moving average of $39.96. The firm has a market cap of $8.95 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 6.58 and a beta of 1.07. CubeSmart has a twelve month low of $35.09 and a twelve month high of $43.26.

CubeSmart (NYSE:CUBE - Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.25). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The firm had revenue of $286.49 million during the quarter, compared to analysts' expectations of $281.12 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. CubeSmart's quarterly revenue was up 1.5% compared to the same quarter last year. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. Analysts expect that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a yield of 5.3%. CubeSmart's payout ratio is 146.21%.

Institutional Trading of CubeSmart

Several hedge funds and other institutional investors have recently bought and sold shares of CUBE. Royal Bank of Canada raised its position in shares of CubeSmart by 1.3% in the 1st quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust's stock worth $7,429,000 after acquiring an additional 2,284 shares in the last quarter. Jones Financial Companies Lllp grew its stake in CubeSmart by 944.3% in the first quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust's stock valued at $303,000 after purchasing an additional 6,412 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in CubeSmart by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust's stock valued at $20,684,000 after purchasing an additional 19,476 shares during the last quarter. Caxton Associates LLP bought a new position in CubeSmart in the first quarter worth about $270,000. Finally, Cetera Investment Advisers raised its holdings in CubeSmart by 1.6% in the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust's stock worth $731,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 97.61% of the company's stock.

CubeSmart Company Profile

CubeSmart NYSE: CUBE is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company's portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart's facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.

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