CubeSmart (NYSE:CUBE) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts give CubeSmart a consensus rating of “Hold” from 16 firms (11 hold, 5 buy) with an average 1‑year price target of about $44.07.
• CubeSmart announced a quarterly dividend of $0.53 (annualized $2.12), implying a 5.3% yield, but the payout ratio is 146.21%, which raises sustainability concerns.
• Shares trade near $40.03 (50‑day/200‑day MAs ≈ $38.5) with a 52‑week range of $34.24–$44.13 and a $9.09B market cap; insider Jeffrey P. Foster sold 23,148 shares at ~$41.02, cutting his stake by ~10.14%.

CubeSmart (NYSE:CUBE - Get Free Report) has earned an average recommendation of "Hold" from the sixteen ratings firms that are covering the company, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $44.0714.

CUBE has been the topic of several research analyst reports. Truist Financial lowered their price target on shares of CubeSmart from $48.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday, December 16th. Barclays upped their target price on CubeSmart from $43.00 to $45.00 and gave the company an "equal weight" rating in a research report on Thursday, March 5th. UBS Group lowered their target price on CubeSmart from $38.00 to $37.00 and set a "neutral" rating on the stock in a research note on Thursday, January 8th. KeyCorp restated a "sector weight" rating on shares of CubeSmart in a research note on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft lowered CubeSmart from a "buy" rating to a "hold" rating and set a $40.00 price objective on the stock. in a report on Tuesday, January 20th.

CubeSmart Price Performance

Shares of CUBE opened at $40.03 on Tuesday. The company's 50-day moving average is $38.52 and its 200-day moving average is $38.72. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $9.09 billion, a PE ratio of 27.60 and a beta of 1.10. CubeSmart has a fifty-two week low of $34.24 and a fifty-two week high of $44.13.

CubeSmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, April 1st. CubeSmart's payout ratio is presently 146.21%.

Insider Activity at CubeSmart

In related news, insider Jeffrey P. Foster sold 23,148 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total value of $949,530.96. Following the transaction, the insider directly owned 205,057 shares in the company, valued at approximately $8,411,438.14. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.69% of the company's stock.

Institutional Trading of CubeSmart

A number of institutional investors have recently bought and sold shares of CUBE. Cetera Investment Advisers increased its holdings in shares of CubeSmart by 1.6% during the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust's stock worth $731,000 after purchasing an additional 265 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of CubeSmart by 1.8% in the third quarter. Crossmark Global Holdings Inc. now owns 16,357 shares of the real estate investment trust's stock valued at $665,000 after buying an additional 282 shares in the last quarter. Huntington National Bank boosted its stake in shares of CubeSmart by 43.3% in the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 295 shares during the period. Pacific Sun Financial Corp grew its position in CubeSmart by 6.6% during the third quarter. Pacific Sun Financial Corp now owns 5,022 shares of the real estate investment trust's stock worth $204,000 after buying an additional 310 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in CubeSmart by 16.9% during the fourth quarter. Fifth Third Bancorp now owns 2,319 shares of the real estate investment trust's stock worth $84,000 after buying an additional 335 shares in the last quarter. 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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