CubeSmart (NYSE:CUBE) Given Average Recommendation 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 been given an average rating of "Hold" by the sixteen brokerages that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $46.2667.

A number of equities research analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of CubeSmart from $47.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Citigroup dropped their price target on shares of CubeSmart from $45.00 to $43.00 and set a "neutral" rating for the company in a research report on Monday, August 25th. Barclays dropped their price target on shares of CubeSmart from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Evercore ISI upgraded shares of CubeSmart from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $47.00 to $48.00 in a research report on Monday. Finally, Royal Bank Of Canada lowered their price objective on shares of CubeSmart from $48.00 to $47.00 and set an "outperform" rating for the company in a research report on Monday, August 4th.

CubeSmart Stock Down 0.8%

NYSE CUBE opened at $40.84 on Tuesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.18. CubeSmart has a 1-year low of $34.24 and a 1-year high of $55.14. The company has a 50 day moving average of $40.65 and a 200-day moving average of $41.24. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 9.17 and a beta of 0.94.

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

CubeSmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, October 1st. CubeSmart's payout ratio is currently 126.83%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC raised its position in CubeSmart by 308.2% during the second quarter. True Wealth Design LLC now owns 694 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 524 shares in the last quarter. Allworth Financial LP grew its stake in shares of CubeSmart by 115.2% during the first quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust's stock worth $37,000 after buying an additional 501 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust's stock worth $38,000 after buying an additional 568 shares during the last quarter. Covestor Ltd grew its stake in shares of CubeSmart by 22.8% during the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust's stock worth $67,000 after buying an additional 292 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of CubeSmart by 1,776.1% during the second quarter. Hantz Financial Services Inc. now owns 1,651 shares of the real estate investment trust's stock worth $70,000 after buying an additional 1,563 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.

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.

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