CubeSmart (NYSE:CUBE) Given Consensus Rating of "Hold" by Analysts

Key Points

• CubeSmart (NYSE:CUBE) has received a consensus rating of "Hold" from 16 analysts, with 10 rating it as hold and 6 suggesting buy, and an average price target of $46.93.
• The company reported quarterly earnings of $0.65 EPS, exceeding estimates, with revenues of $282.30 million, marking a 6.0% increase compared to the same quarter last year.
• CubeSmart declared a quarterly dividend of $0.52 per share, resulting in an annualized yield of 5.2%, with a payout ratio currently at 126.83%.

CubeSmart (NYSE:CUBE - Get Free Report) has received a consensus recommendation of "Hold" from the seventeen research firms that are covering the stock, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $46.6875.

Several equities analysts recently weighed in on CUBE shares. Citigroup cut their target price on shares of CubeSmart from $45.00 to $43.00 and set a "neutral" rating for the company in a research note on Monday. Truist Financial raised their target price on shares of CubeSmart from $47.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, May 19th. BMO Capital Markets raised shares of CubeSmart from a "market perform" rating to an "outperform" rating and raised their target price for the company from $48.00 to $49.00 in a research note on Friday, June 20th. Barclays cut their target price on shares of CubeSmart from $48.00 to $45.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Finally, BNP Paribas raised shares of CubeSmart to a "hold" rating in a research note on Tuesday, June 24th.

Institutional Investors Weigh In On CubeSmart

Several institutional investors have recently made changes to their positions in the company. Orion Porfolio Solutions LLC lifted its holdings in shares of CubeSmart by 33.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 65,300 shares of the real estate investment trust's stock worth $2,775,000 after acquiring an additional 16,226 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in CubeSmart by 68.0% during the 2nd 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 in the last quarter. Thrivent Financial for Lutherans lifted its holdings in CubeSmart by 1.2% during the 2nd 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 in the last quarter. Neuberger Berman Group LLC lifted its holdings in CubeSmart by 27.0% during the 2nd 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 in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in CubeSmart by 174.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 568 shares in the last quarter. Institutional investors own 97.61% of the company's stock.

CubeSmart Stock Performance

CUBE traded up $0.54 during trading on Friday, hitting $40.76. The company's stock had a trading volume of 2,645,041 shares, compared to its average volume of 1,740,389. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.18. CubeSmart has a one year low of $34.24 and a one year high of $55.14. The firm has a market cap of $9.29 billion, a PE ratio of 24.85, a P/E/G ratio of 8.95 and a beta of 0.94. The business's 50 day simple moving average is $41.13 and its 200-day simple moving average is $41.34.

CubeSmart (NYSE:CUBE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. The firm had revenue of $282.30 million during the quarter, compared to analysts' expectations of $275.71 million. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $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. As a group, sell-side analysts predict that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart's dividend payout ratio (DPR) is presently 126.83%.

CubeSmart Company Profile

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.