CubeSmart (NYSE:CUBE) Upgraded by Evercore ISI to "Outperform" Rating

Key Points

• CubeSmart (NYSE:CUBE) has been upgraded to an "outperform" rating by Evercore ISI, with a price target of $48.00, indicating a potential upside of 16.42% from its current price.
• The company recently reported earnings of $0.65 EPS for the last quarter, surpassing the consensus estimate, and recorded a revenue of $282.30 million, which was above analyst expectations.
• Institutional investors own 97.61% of CubeSmart's stock, demonstrating strong confidence among large stakeholders in the real estate investment trust.

CubeSmart (NYSE:CUBE - Get Free Report) was upgraded by research analysts at Evercore ISI from an "in-line" rating to an "outperform" rating in a note issued to investors on Monday, Marketbeat.com reports. The firm presently has a $48.00 price target on the real estate investment trust's stock. Evercore ISI's price objective indicates a potential upside of 16.42% from the company's current price.

Several other analysts also recently issued reports on CUBE. BNP Paribas raised shares of CubeSmart to a "hold" rating in a research note on Tuesday, June 24th. Wolfe Research assumed coverage on shares of CubeSmart in a report on Monday, May 19th. They issued an "outperform" rating and a $48.00 price objective for the company. Citigroup decreased their price objective on shares of CubeSmart from $45.00 to $43.00 and set a "neutral" rating for the company in a report on Monday, August 25th. Royal Bank Of Canada decreased their price objective on shares of CubeSmart from $48.00 to $47.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Finally, BNP Paribas Exane began coverage on shares of CubeSmart in a report on Tuesday, June 24th. They issued a "neutral" rating and a $46.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $46.27.

CubeSmart Price Performance

Shares of NYSE:CUBE opened at $41.23 on Monday. CubeSmart has a 12 month low of $34.24 and a 12 month high of $55.14. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 9.17 and a beta of 0.94. The stock's 50 day moving average price is $40.69 and its 200 day moving average price is $41.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06.

CubeSmart (NYSE:CUBE - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The firm had revenue of $282.30 million for the quarter, compared to analysts' expectations of $275.71 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. Equities research analysts anticipate that CubeSmart will post 2.64 earnings per share for the current fiscal year.

Institutional Trading of CubeSmart

Several large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its stake in CubeSmart by 24.0% during the second quarter. Osaic Holdings Inc. now owns 48,741 shares of the real estate investment trust's stock worth $2,072,000 after buying an additional 9,421 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in CubeSmart by 33.1% during the second quarter. Orion Porfolio Solutions LLC now owns 65,300 shares of the real estate investment trust's stock worth $2,775,000 after buying an additional 16,226 shares during the last quarter. Squarepoint Ops LLC grew its stake in CubeSmart by 68.0% during the second quarter. Squarepoint Ops LLC now owns 187,066 shares of the real estate investment trust's stock worth $7,950,000 after buying an additional 75,716 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in CubeSmart by 1.2% during the second quarter. Thrivent Financial for Lutherans now owns 53,673 shares of the real estate investment trust's stock worth $2,253,000 after buying an additional 649 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in CubeSmart by 27.0% during the second quarter. Neuberger Berman Group LLC now owns 12,856 shares of the real estate investment trust's stock worth $543,000 after buying an additional 2,736 shares during the last quarter. 97.61% of the stock is owned by institutional investors.

About CubeSmart

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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