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

Key Points

• Analysts remain cautious on CubeSmart: Fifteen analysts assign the stock a consensus “Hold” rating, with nine holds and six buys. The average 12-month price target is $43.50, modestly above the reported $41.87 share price.
• CubeSmart reported quarterly EPS of $0.39, missing the $0.64 consensus estimate, while revenue of $286.49 million exceeded expectations and rose 1.5% year over year.
• The REIT declared a quarterly dividend of $0.53 per share, equivalent to a 5.1% annualized yield, although its dividend payout ratio is elevated at 146.21%. Institutional investors own 97.61% of the company’s stock.

Shares of CubeSmart (NYSE:CUBE - Get Free Report) have been given an average rating of "Hold" by the fifteen analysts that are covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $43.50.

A number of brokerages have recently commented on CUBE. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $47.00 target price on shares of CubeSmart in a report on Tuesday. Barclays upgraded shares of CubeSmart from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $45.00 to $46.00 in a research note on Friday, July 10th. Evercore set a $47.00 price objective on shares of CubeSmart in a research report on Monday, July 6th. Mizuho lifted their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the company a "neutral" rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of CubeSmart in a research note on Wednesday, July 15th.

Hedge Funds Weigh In On CubeSmart

Institutional investors have recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC purchased a new position in shares of CubeSmart in the 3rd quarter valued at approximately $28,000. Essential Partners LLC increased its holdings in shares of CubeSmart by 594.7% in the first quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 779 shares during the period. Geneos Wealth Management Inc. raised 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 purchasing an additional 568 shares during the last quarter. SJS Investment Consulting Inc. purchased a new stake in shares of CubeSmart during the first quarter worth approximately $42,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of CubeSmart during the fourth quarter worth $43,000. Institutional investors and hedge funds own 97.61% of the company's stock.

CubeSmart Stock Down 0.2%

Shares of NYSE CUBE opened at $41.87 on Friday. The business has a 50-day moving average price of $40.93 and a 200 day moving average price of $39.63. The stock has a market cap of $9.43 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 6.90 and a beta of 1.07. The company has a quick ratio of 0.04, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. CubeSmart has a 52-week low of $35.09 and a 52-week high of $43.26.

• CubeSmart NYSE: CUBE Stock is a Smart Pullback Play

CubeSmart (NYSE:CUBE - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.25). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The firm had revenue of $286.49 million for the quarter, compared to analyst estimates of $281.12 million. During the same period last year, the firm earned $0.65 EPS. The company's quarterly revenue was up 1.5% on a year-over-year basis. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. Equities research analysts forecast that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.1%. CubeSmart's dividend payout ratio (DPR) is currently 146.21%.

CubeSmart Company Profile

CubeSmart NYSE: CUBE is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company's portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart's facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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