Royal Bank Of Canada Reaffirms Outperform Rating for CubeSmart (NYSE:CUBE)

Key Points

• Royal Bank of Canada reiterated an "Outperform" rating on CubeSmart with a $46.00 target price, implying about a 16.9% upside from the prior close.
• CubeSmart beat Q1 estimates with EPS of $0.36 (vs. $0.34) and revenue of $281.9M (+3.3% YoY), and issued FY2026 guidance of 2.520–2.600 EPS and Q2 guidance of 0.620–0.640 EPS.
• The stock traded at $39.35 (down ~2% intraday); analysts are mixed with a consensus "Hold" and an average target of $43.57, reflecting varied Buy/Hold ratings.

CubeSmart (NYSE:CUBE - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Royal Bank Of Canada in a note issued to investors on Monday,Benzinga reports. They presently have a $46.00 target price on the real estate investment trust's stock. Royal Bank Of Canada's target price indicates a potential upside of 16.90% from the company's previous close.

Other analysts have also issued reports about the company. Scotiabank raised CubeSmart to a "hold" rating in a research report on Thursday, March 19th. Wolfe Research lowered CubeSmart from an "outperform" rating to a "peer perform" rating in a research report on Monday, January 26th. Wells Fargo & Company dropped their target price on CubeSmart from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 16th. BNP Paribas Exane raised CubeSmart from a "neutral" rating to an "outperform" rating and set a $43.00 target price on the stock in a research report on Wednesday, March 18th. Finally, Barclays lifted their target price on CubeSmart from $43.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 5th. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $43.57.

CubeSmart Stock Down 2.0%

Shares of NYSE CUBE traded down $0.79 during midday trading on Monday, reaching $39.35. 633,815 shares of the company's stock were exchanged, compared to its average volume of 2,384,888. CubeSmart has a 52-week low of $35.09 and a 52-week high of $44.13. The stock has a market capitalization of $8.97 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 6.35 and a beta of 1.11. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04. The business's fifty day moving average price is $38.84 and its two-hundred day moving average price is $38.13.

CubeSmart (NYSE:CUBE - Get Free Report) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The business had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. During the same period in the previous year, the company earned $0.64 earnings per share. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Analysts forecast that CubeSmart will post 2.57 EPS for the current year.

Insider Transactions at CubeSmart

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total transaction of $949,530.96. Following the sale, the insider owned 205,057 shares in the company, valued at $8,411,438.14. This represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.76% of the stock is owned by insiders.

Institutional Trading of CubeSmart

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in CubeSmart by 1.6% during the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust's stock valued at $731,000 after buying an additional 265 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in CubeSmart by 4.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,964 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 269 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in 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 acquiring an additional 282 shares during the period. Fifth Third Bancorp grew its holdings in shares of CubeSmart by 12.5% during the first quarter. Fifth Third Bancorp now owns 2,608 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 289 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of CubeSmart by 43.3% during the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 295 shares during the last quarter. Institutional investors and hedge funds 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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