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%.

Shares of CubeSmart (NYSE:CUBE - Get Free Report) have earned an average rating of "Hold" from the sixteen analysts that are currently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $46.9333.

Several analysts have recently commented on CUBE shares. Truist Financial increased their price objective on CubeSmart from $47.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Wolfe Research started coverage on CubeSmart in a research note on Monday, May 19th. They issued an "outperform" rating and a $48.00 price objective for the company. Scotiabank increased their price objective on CubeSmart from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Bank of America raised CubeSmart from a "neutral" rating to a "buy" rating and increased their price target for the company from $44.00 to $50.00 in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada decreased their price target on 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 Performance

Shares of CubeSmart stock opened at $40.0060 on Friday. The company has a market cap of $9.12 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 8.90 and a beta of 0.94. CubeSmart has a 52 week low of $34.24 and a 52 week high of $55.14. The business has a 50 day moving average price of $41.31 and a 200-day moving average price of $41.38. 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 (NYSE:CUBE - Get Free Report) last issued its quarterly earnings data 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 company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities analysts anticipate that CubeSmart will post 2.64 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart's dividend payout ratio (DPR) is presently 126.83%.

Institutional Trading of CubeSmart

A number of institutional investors and hedge funds have recently modified their holdings of CUBE. Norges Bank purchased a new stake in shares of CubeSmart during the second quarter valued at approximately $458,008,000. T. Rowe Price Investment Management Inc. increased its position in shares of CubeSmart by 28.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,664,210 shares of the real estate investment trust's stock valued at $370,049,000 after acquiring an additional 1,937,055 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of CubeSmart by 219.4% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,574,641 shares of the real estate investment trust's stock valued at $110,323,000 after acquiring an additional 1,768,626 shares during the last quarter. Millennium Management LLC increased its position in shares of CubeSmart by 129.6% during the first quarter. Millennium Management LLC now owns 2,261,419 shares of the real estate investment trust's stock valued at $96,585,000 after acquiring an additional 1,276,340 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of CubeSmart during the first quarter valued at approximately $53,980,000. 97.61% of the stock is owned by hedge funds and other institutional investors.

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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