CubeSmart (CUBE) Projected to Post Earnings on Thursday

CubeSmart (NYSE:CUBE - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.37 per share and revenue of $275.71 million for the quarter. CubeSmart has set its FY 2025 guidance at 2.510-2.590 EPS and its Q2 2025 guidance at 0.630-0.650 EPS.

CubeSmart (NYSE:CUBE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $273.04 million for the quarter, compared to analyst estimates of $268.16 million. CubeSmart had a return on equity of 13.57% and a net margin of 37.05%. The company's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 EPS. On average, analysts expect CubeSmart to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CubeSmart Price Performance

Shares of CubeSmart stock traded down $0.05 during trading on Thursday, hitting $41.47. 1,664,363 shares of the stock traded hands, compared to its average volume of 1,660,137. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.17. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 7.63 and a beta of 0.96. The firm's fifty day moving average is $42.46 and its 200-day moving average is $41.59. CubeSmart has a 52 week low of $34.24 and a 52 week high of $55.14.

CubeSmart Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.08 annualized dividend and a yield of 5.02%. CubeSmart's payout ratio is 123.08%.

Institutional Trading of CubeSmart

Several hedge funds have recently made changes to their positions in CUBE. Royal Bank of Canada boosted its stake in shares of CubeSmart by 1.3% during the first quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust's stock valued at $7,429,000 after purchasing an additional 2,284 shares during the period. Caxton Associates LLP acquired a new position in shares of CubeSmart during the first quarter valued at about $270,000. Jones Financial Companies Lllp lifted its stake in CubeSmart by 944.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust's stock valued at $303,000 after acquiring an additional 6,412 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in CubeSmart by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust's stock worth $20,684,000 after acquiring an additional 19,476 shares during the period. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CUBE has been the subject of several research analyst reports. Evercore ISI increased their price objective on CubeSmart from $44.00 to $47.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. BNP Paribas Exane began coverage on CubeSmart in a research note on Tuesday, June 24th. They set a "neutral" rating and a $46.00 price objective for the company. Barclays reduced their target price on CubeSmart from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Friday, May 16th. Wolfe Research initiated coverage on CubeSmart in a report on Monday, May 19th. They issued an "outperform" rating and a $48.00 price objective for the company. Finally, Mizuho boosted their price target on CubeSmart from $39.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $47.20.

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.