CubeSmart (NYSE:CUBE) Given New $42.00 Price Target at Mizuho

Key Points

• Mizuho raised CubeSmart’s price target from $40 to $42 while keeping a neutral rating, implying about 4.77% upside from the previous close.
• Other analysts were mixed on the REIT: UBS and BNP Paribas Exane lifted targets, while Wells Fargo trimmed its target; overall, CubeSmart now has a Hold consensus and an average price target of $43.33.
• CubeSmart reported quarterly EPS of $0.36, beating estimates, and revenue of $281.93 million, also above expectations, while guiding FY2026 EPS at 2.520–2.600.

CubeSmart (NYSE:CUBE - Get Free Report) had its target price raised by equities research analysts at Mizuho from $40.00 to $42.00 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Mizuho's price objective would suggest a potential upside of 4.77% from the company's previous close.

Several other research firms have also recently weighed in on CUBE. Wells Fargo & Company cut their target price on shares of CubeSmart from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note on Thursday, April 16th. UBS Group raised their price objective on CubeSmart from $37.00 to $41.00 and gave the company a "neutral" rating in a research report on Monday, May 18th. BNP Paribas Exane upgraded CubeSmart from a "neutral" rating to an "outperform" rating and set a $43.00 target price on the stock in a research report on Wednesday, March 18th. Barclays increased their price target on CubeSmart from $43.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday, March 5th. Finally, Wall Street Zen raised CubeSmart from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, CubeSmart presently has a consensus rating of "Hold" and an average price target of $43.33.

CubeSmart Stock Performance

NYSE:CUBE traded up $0.13 during trading hours on Wednesday, reaching $40.09. The company had a trading volume of 81,617 shares, compared to its average volume of 2,308,032. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 6.94 and a beta of 1.11. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. CubeSmart has a 52 week low of $35.09 and a 52 week high of $44.13. The firm's 50 day moving average price is $38.76 and its 200-day moving average price is $38.05.

CubeSmart (NYSE:CUBE - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $281.93 million for the quarter, compared to the consensus estimate of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. On average, analysts forecast that CubeSmart will post 2.57 EPS for the current year.

Insiders Place Their Bets

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of the business's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total transaction of $949,530.96. Following the transaction, the insider owned 205,057 shares in the company, valued at $8,411,438.14. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Norges Bank bought a new position in CubeSmart in the 4th quarter valued at $395,968,000. JPMorgan Chase & Co. increased its position in shares of CubeSmart by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 5,340,869 shares of the real estate investment trust's stock worth $217,162,000 after acquiring an additional 91,694 shares during the period. Geode Capital Management LLC raised its stake in shares of CubeSmart by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust's stock valued at $169,975,000 after acquiring an additional 52,207 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of CubeSmart by 36.4% during the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust's stock valued at $174,185,000 after acquiring an additional 1,143,464 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in CubeSmart by 3.1% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust's stock worth $125,084,000 after purchasing an additional 105,105 shares during the period. Hedge funds and other institutional investors own 97.61% of the company's stock.

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.

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