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

Key Points

• CubeSmart has received a consensus rating of "Hold" from analysts, with several upgrades and downgrades affecting its price targets, which range from $47.00 to $49.00.
• Institutional investors hold a significant majority of CubeSmart's stock, with an ownership percentage of 97.61%, including a substantial new stake acquired by Norges Bank valued at approximately $458 million.
• The company announced a quarterly dividend of $0.52, representing an annualized yield of 5.3%, despite a high dividend payout ratio of 126.83%.

Shares of CubeSmart (NYSE:CUBE - Get Free Report) have received an average rating of "Hold" from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $46.0625.

Several brokerages have commented on CUBE. BMO Capital Markets upgraded shares of 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 research note on Friday, June 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of CubeSmart in a research report on Wednesday. Royal Bank Of Canada cut their price target on CubeSmart from $48.00 to $47.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Evercore ISI lifted their price objective on CubeSmart from $48.00 to $49.00 and gave the stock an "outperform" rating in a research note on Friday, October 3rd. Finally, Wall Street Zen upgraded CubeSmart from a "sell" rating to a "hold" rating in a research report on Sunday, September 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in CubeSmart during the second quarter worth approximately $458,008,000. T. Rowe Price Investment Management Inc. raised its holdings in CubeSmart by 28.8% during the 1st 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 buying an additional 1,937,055 shares during the period. Millennium Management LLC lifted its position in CubeSmart by 129.6% in the first quarter. Millennium Management LLC now owns 2,261,419 shares of the real estate investment trust's stock worth $96,585,000 after buying an additional 1,276,340 shares during the last quarter. Nuveen LLC purchased a new position in CubeSmart during the first quarter worth $53,980,000. Finally, JPMorgan Chase & Co. increased its position in CubeSmart by 29.3% during the first quarter. JPMorgan Chase & Co. now owns 5,561,206 shares of the real estate investment trust's stock valued at $237,519,000 after acquiring an additional 1,261,746 shares during the last quarter. Institutional investors own 97.61% of the company's stock.

CubeSmart Stock Performance

Shares of NYSE CUBE opened at $39.34 on Friday. CubeSmart has a 12-month low of $34.24 and a 12-month high of $50.86. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 8.85 and a beta of 0.96. 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 firm has a 50 day moving average of $40.23 and a 200 day moving average of $41.03.

CubeSmart (NYSE:CUBE - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $275.71 million. During the same period in the prior year, the firm posted $0.64 EPS. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. On average, research analysts anticipate that CubeSmart will post 2.64 earnings per share for the current year.

CubeSmart Dividend Announcement

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 5.3%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart's dividend payout ratio (DPR) 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.

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