CubeSmart (CUBE) Stock Price, News & Analysis

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CUBE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CUBE, but not buy additional shares or sell existing shares.
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11 analysts have issued 12 month price targets for CubeSmart's stock. Their CUBE share price targets range from $38.00 to $53.00. On average, they expect the company's stock price to reach $46.33 in the next year. This suggests a possible upside of 10.2% from the stock's current price.
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CubeSmart's stock was trading at $46.35 on January 1st, 2024. Since then, CUBE shares have decreased by 9.3% and is now trading at $42.05.
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CubeSmart saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 5,300,000 shares, a drop of 9.2% from the March 15th total of 5,840,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the short-interest ratio is presently 3.5 days.
View CubeSmart's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CUBE earnings forecast.

CubeSmart will be holding an earnings conference call on Friday, April 26th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-660-6264 with passcode "93212#".

CubeSmart (NYSE:CUBE) announced its earnings results on Thursday, April, 28th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.40. The real estate investment trust earned $238.57 million during the quarter, compared to the consensus estimate of $240.13 million. CubeSmart had a net margin of 39.11% and a trailing twelve-month return on equity of 14.57%. CubeSmart's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share.

CubeSmart announced a quarterly dividend on Monday, March 18th. Shareholders of record on Monday, April 1st will be given a dividend of $0.51 per share on Monday, April 15th. This represents a $2.04 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Thursday, March 28th.
Read our dividend analysis for CUBE.

CubeSmart (NYSE:CUBE) pays an annual dividend of $2.04 per share and currently has a dividend yield of 4.83%. CUBE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 112.71%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CUBE will have a dividend payout ratio of 73.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CUBE.

ETFs with the largest weight of CubeSmart (NYSE:CUBE) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), Nuveen Short-Term REIT ETF (NURE), Pacer Industrial Real Estate ETF (INDS), SP Funds S&P Global REIT Sharia ETF (SPRE), Fidelity Real Estate Investment ETF (FPRO), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), iShares Residential and Multisector Real Estate ETF (REZ) and ETFB Green SRI REITs ETF (RITA).

CubeSmart issued an update on its first quarter 2024 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of 0.630-0.650 for the period, compared to the consensus earnings per share estimate of 0.650. The company issued revenue guidance of -.

187 employees have rated CubeSmart Chief Executive Officer Christopher P. Marr on Glassdoor.com. Christopher P. Marr has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other CubeSmart investors own include AT&T (T), AbbVie (ABBV), Cisco Systems (CSCO), OPKO Health (OPK), Intel (INTC), NVIDIA (NVDA), Walmart (WMT), Chipotle Mexican Grill (CMG), American Tower (AMT) and Bristol-Myers Squibb (BMY).

CubeSmart's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.71%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Gateway Investment Advisers LLC (0.10%), Hazelview Securities Inc. (0.10%), State of Alaska Department of Revenue (0.06%) and Albion Financial Group UT (0.04%). Insiders that own company stock include Christopher P Marr, Jeffrey P Foster, Jeffrey P Foster, Joel D Keaton and Timothy M Martin.
View institutional ownership trends.

Shares of CUBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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