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

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 reduced by UBS Group from $45.00 to $42.00 in a report issued on Tuesday, MarketBeat reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price objective points to a potential upside of 4.45% from the company's current price.

Several other analysts have also recently issued reports on CUBE. BNP Paribas Exane assumed coverage on shares of CubeSmart in a research note on Tuesday, June 24th. They set a "neutral" rating and a $46.00 price objective for the company. Mizuho boosted their price objective on shares of CubeSmart from $39.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Wolfe Research assumed coverage on shares of CubeSmart in a research note on Monday, May 19th. They set an "outperform" rating and a $48.00 price objective for the company. BMO Capital Markets raised shares of CubeSmart from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $48.00 to $49.00 in a research note on Friday, June 20th. Finally, Citigroup reduced their target price on shares of CubeSmart from $45.00 to $43.00 and set a "neutral" rating on the stock in a report on Monday, August 25th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $46.00.

CubeSmart Trading Down 1.4%

CUBE stock traded down $0.58 during midday trading on Tuesday, hitting $40.21. The stock had a trading volume of 3,066,032 shares, compared to its average volume of 1,622,479. The firm has a market cap of $9.17 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 9.08 and a beta of 0.94. 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 has a 12-month low of $34.24 and a 12-month high of $54.67. The company's 50-day moving average price is $40.52 and its 200 day moving average price is $41.22.

CubeSmart (NYSE:CUBE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The company had revenue of $282.30 million during the quarter, compared to analysts' expectations of $275.71 million. During the same period in the previous year, the company earned $0.64 EPS. The business'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. On average, equities research analysts predict that CubeSmart will post 2.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CubeSmart

A number of institutional investors have recently modified their holdings of CUBE. D. E. Shaw & Co. Inc. bought a new stake in shares of CubeSmart during the 4th quarter valued at about $379,000. ProShare Advisors LLC grew its position in shares of CubeSmart by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 10,581 shares of the real estate investment trust's stock valued at $453,000 after buying an additional 764 shares during the last quarter. Tidal Investments LLC grew its position in shares of CubeSmart by 21.8% during the 4th quarter. Tidal Investments LLC now owns 171,810 shares of the real estate investment trust's stock valued at $7,273,000 after buying an additional 30,711 shares during the last quarter. Twinbeech Capital LP grew its position in shares of CubeSmart by 232.0% during the 4th quarter. Twinbeech Capital LP now owns 82,894 shares of the real estate investment trust's stock valued at $3,552,000 after buying an additional 57,926 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of CubeSmart by 16.2% during the 4th quarter. Squarepoint Ops LLC now owns 109,345 shares of the real estate investment trust's stock valued at $4,685,000 after buying an additional 15,284 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company's stock.

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.