UBS Group Cuts CubeSmart (NYSE:CUBE) Price Target to $42.00

Key Points

• UBS Group has lowered the price target for CubeSmart (NYSE:CUBE) from $45.00 to $42.00, maintaining a "neutral" rating.
• CubeSmart's stock has experienced a 0.8% decline and is currently trading around $40.84, with a potential upside of 2.84% based on UBS's new price target.
• Analysts have varied ratings for CubeSmart, with seven analysts rating it as a Buy and ten as Hold, while the average price target is $46.00.

CubeSmart (NYSE:CUBE - Get Free Report) had its price target lowered by research analysts at UBS Group from $45.00 to $42.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price target indicates a potential upside of 2.84% from the stock's current price.

Several other equities analysts have also commented on CUBE. Wall Street Zen lowered CubeSmart from a "hold" rating to a "sell" rating in a report on Saturday. Truist Financial upped their price objective on shares of CubeSmart from $47.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Barclays decreased their price objective on shares of CubeSmart from $48.00 to $45.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. BMO Capital Markets upgraded shares of CubeSmart from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $48.00 to $49.00 in a research note on Friday, June 20th. Finally, Mizuho increased their target price on shares of CubeSmart from $39.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $46.00.

CubeSmart Stock Down 0.8%

Shares of NYSE CUBE opened at $40.84 on Tuesday. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 9.17 and a beta of 0.94. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.18. CubeSmart has a 52-week low of $34.24 and a 52-week high of $55.14. The business's 50 day moving average is $40.65 and its two-hundred day moving average is $41.24.

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

Institutional Trading of CubeSmart

Several institutional investors have recently made changes to their positions in CUBE. HighTower Advisors LLC lifted its holdings in shares of CubeSmart by 19.9% during the 1st quarter. HighTower Advisors LLC now owns 37,160 shares of the real estate investment trust's stock valued at $1,587,000 after acquiring an additional 6,179 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of CubeSmart by 63.7% during the 1st quarter. MetLife Investment Management LLC now owns 219,496 shares of the real estate investment trust's stock valued at $9,375,000 after acquiring an additional 85,414 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CubeSmart by 140.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 808,440 shares of the real estate investment trust's stock valued at $34,528,000 after acquiring an additional 472,596 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of CubeSmart during the 1st quarter valued at $821,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of CubeSmart by 1.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,065,101 shares of the real estate investment trust's stock valued at $212,886,000 after acquiring an additional 72,513 shares in the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Company Profile

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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