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CubeSmart (NYSE:CUBE) Receives "Hold (C)" Rating from Weiss Ratings

CubeSmart logo with Finance background

Key Points

  • CubeSmart's stock is rated as "Hold (C)" by Weiss Ratings, indicating a neutral outlook on the company's performance.
  • Seven investment analysts have rated CubeSmart with a Buy rating, while eleven have issued a Hold rating, leading to a consensus rating of "Hold" and an average price target of $46.06.
  • CubeSmart reported a quarterly EPS of $0.65, surpassing analyst expectations, and its revenue grew by 6% year-over-year.
  • MarketBeat previews the top five stocks to own by November 1st.

CubeSmart (NYSE:CUBE - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

CUBE has been the topic of several other research reports. Wall Street Zen upgraded shares of CubeSmart from a "sell" rating to a "hold" rating in a research report on Sunday, September 21st. UBS Group reduced their price target on shares of CubeSmart from $45.00 to $42.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 16th. BMO Capital Markets upgraded shares of CubeSmart from a "market perform" rating to an "outperform" rating and raised their target price for the company from $48.00 to $49.00 in a research report on Friday, June 20th. Barclays cut their target price on shares of CubeSmart from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Finally, BNP Paribas upgraded shares of CubeSmart to a "hold" rating in a research report on Tuesday, June 24th. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.06.

Read Our Latest Stock Analysis on CubeSmart

CubeSmart Price Performance

Shares of NYSE CUBE traded down $0.12 during trading hours on Wednesday, hitting $39.92. 996,326 shares of the stock were exchanged, compared to its average volume of 1,655,595. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market cap of $9.10 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 8.91 and a beta of 0.96. The company's fifty day simple moving average is $40.23 and its two-hundred day simple moving average is $41.05. CubeSmart has a 1-year low of $34.24 and a 1-year high of $50.86.

CubeSmart (NYSE:CUBE - Get Free Report) last posted its quarterly 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. The business had revenue of $282.30 million for the quarter, compared to analyst estimates of $275.71 million. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. On average, sell-side analysts predict that CubeSmart will post 2.64 EPS for the current year.

Hedge Funds Weigh In On CubeSmart

Hedge funds have recently modified their holdings of the business. HighTower Advisors LLC lifted its holdings in shares of CubeSmart by 19.9% during the first quarter. HighTower Advisors LLC now owns 37,160 shares of the real estate investment trust's stock worth $1,587,000 after purchasing an additional 6,179 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of CubeSmart by 63.7% during the first quarter. MetLife Investment Management LLC now owns 219,496 shares of the real estate investment trust's stock worth $9,375,000 after purchasing an additional 85,414 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CubeSmart by 140.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 808,440 shares of the real estate investment trust's stock worth $34,528,000 after purchasing an additional 472,596 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of CubeSmart during the first quarter worth $821,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of CubeSmart by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,065,101 shares of the real estate investment trust's stock worth $212,886,000 after purchasing an additional 72,513 shares during the period. Institutional investors and hedge funds own 97.61% of the company's stock.

About CubeSmart

(Get Free Report)

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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Analyst Recommendations for CubeSmart (NYSE:CUBE)

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