CubeSmart (NYSE:CUBE) Given Average Rating of "Hold" by Brokerages

Key Points

• CubeSmart has received an average recommendation of "Hold" from sixteen brokerages, with nine analysts suggesting to hold and seven issuing buy recommendations.
• The company reported a net margin of 35.44% and revenue growth of 6.0% year-over-year in its latest quarterly earnings, outperforming analysts' expectations.
• CubeSmart announced a quarterly dividend of $0.52 per share, translating to a 5.1% yield, with a payout ratio currently at 126.83%.

CubeSmart (NYSE:CUBE - Get Free Report) has received an average rating of "Hold" from the seventeen analysts that are currently covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $46.00.

CUBE has been the topic of several research reports. Mizuho boosted their price target on CubeSmart from $39.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Wall Street Zen cut CubeSmart from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. BMO Capital Markets upgraded CubeSmart from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $48.00 to $49.00 in a report on Friday, June 20th. Evercore ISI upgraded CubeSmart from an "in-line" rating to an "outperform" rating and upped their target price for the company from $47.00 to $48.00 in a report on Monday, September 15th. Finally, UBS Group reduced their target price on CubeSmart from $45.00 to $42.00 and set a "neutral" rating on the stock in a report on Tuesday.

Institutional Trading of CubeSmart

Several institutional investors have recently added to or reduced their stakes in CUBE. Osaic Holdings Inc. lifted its stake in CubeSmart by 24.0% in the second quarter. Osaic Holdings Inc. now owns 48,741 shares of the real estate investment trust's stock valued at $2,072,000 after buying an additional 9,421 shares during the period. Orion Porfolio Solutions LLC lifted its stake in CubeSmart by 33.1% in the second quarter. Orion Porfolio Solutions LLC now owns 65,300 shares of the real estate investment trust's stock valued at $2,775,000 after buying an additional 16,226 shares during the period. Squarepoint Ops LLC lifted its stake in CubeSmart by 68.0% in the second quarter. Squarepoint Ops LLC now owns 187,066 shares of the real estate investment trust's stock valued at $7,950,000 after buying an additional 75,716 shares during the period. Thrivent Financial for Lutherans lifted its stake in CubeSmart by 1.2% in the second quarter. Thrivent Financial for Lutherans now owns 53,673 shares of the real estate investment trust's stock valued at $2,253,000 after buying an additional 649 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in CubeSmart by 27.0% in the second quarter. Neuberger Berman Group LLC now owns 12,856 shares of the real estate investment trust's stock valued at $543,000 after buying an additional 2,736 shares during the period. 97.61% of the stock is currently owned by institutional investors.

CubeSmart Price Performance

NYSE CUBE traded down $0.58 during trading on Tuesday, hitting $40.21. 3,066,032 shares of the company's stock were exchanged, compared to its average volume of 1,622,479. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.18. The company has a market cap of $9.17 billion, a PE ratio of 24.52, a P/E/G ratio of 9.08 and a beta of 0.94. CubeSmart has a fifty-two week low of $34.24 and a fifty-two week high of $54.67. The stock's 50 day moving average price is $40.52 and its two-hundred day moving average price is $41.22.

CubeSmart (NYSE:CUBE - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $282.30 million during the quarter, compared to the consensus estimate of $275.71 million. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. Research analysts expect that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $0.52 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $2.08 annualized dividend and a yield of 5.2%. CubeSmart's dividend payout ratio is presently 126.83%.

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.