CubeSmart (NYSE:CUBE) Reaches New 12-Month High - Time to Buy?

Key Points

• CubeSmart shares hit a new 52-week high, trading as high as $42.66 and finishing the session up about 0.7% at $42.5750.
• Analysts remain cautious overall: while Barclays upgraded the stock to overweight and several firms raised targets, the consensus rating is still “Hold” with an average price target of $43.25.
• Recent results were solid and the dividend is attractive, as CubeSmart beat quarterly EPS and revenue estimates, and it paid a $0.53 quarterly dividend, implying a 5.0% annualized yield.

CubeSmart (NYSE:CUBE - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $42.66 and last traded at $42.5750, with a volume of 41196 shares. The stock had previously closed at $42.07.

Analyst Upgrades and Downgrades

CUBE has been the topic of several analyst reports. UBS Group upped their target price on CubeSmart from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, July 10th. Barclays upgraded shares of CubeSmart from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $45.00 to $46.00 in a report on Friday, July 10th. Royal Bank Of Canada restated an "outperform" rating and issued a $46.00 price target on shares of CubeSmart in a research report on Monday, May 4th. Mizuho upped 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, Scotiabank upgraded shares of CubeSmart to a "hold" rating in a research report on Thursday, March 19th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $43.25.

CubeSmart Trading Up 0.7%

The firm's 50-day moving average price is $40.37 and its 200 day moving average price is $39.13. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 29.82, a P/E/G ratio of 6.99 and a beta of 1.08. 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 (NYSE:CUBE - Get Free Report) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. The company 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%. CubeSmart's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, equities analysts expect that CubeSmart will post 2.58 EPS for the current year.

CubeSmart Dividend Announcement

• CubeSmart NYSE: CUBE Stock is a Smart Pullback Play

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a $0.53 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.0%. CubeSmart's dividend payout ratio (DPR) is currently 149.30%.

Hedge Funds Weigh In On CubeSmart

A number of large investors have recently modified their holdings of the company. Legal & General Group Plc raised its holdings in shares of CubeSmart by 16.3% in the 4th quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust's stock worth $49,808,000 after acquiring an additional 193,467 shares during the last quarter. Lasalle Investment Management Securities LLC raised its position in CubeSmart by 3.0% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust's stock valued at $38,947,000 after buying an additional 31,187 shares during the last quarter. Cadence Bank purchased a new stake in CubeSmart in the 4th quarter valued at $4,043,000. Northwestern Mutual Wealth Management Co. lifted its stake in CubeSmart by 2,806.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 228,407 shares of the real estate investment trust's stock valued at $8,234,000 after acquiring an additional 220,549 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in CubeSmart during the 3rd quarter worth $8,171,000. 97.61% of the stock is currently owned by institutional investors.

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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