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NYSE:CUBE

CubeSmart (CUBE) Stock Forecast, Price & News

$44.81
+0.54 (+1.22%)
(As of 05/26/2023 08:46 PM ET)
Compare
Today's Range
$44.08
$44.92
50-Day Range
$43.90
$48.48
52-Week Range
$36.82
$51.08
Volume
666,800 shs
Average Volume
1.95 million shs
Market Capitalization
$10.07 billion
P/E Ratio
28.91
Dividend Yield
4.37%
Price Target
$48.71

CubeSmart MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.7% Upside
$48.71 Price Target
Short Interest
Bearish
4.96% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.28mentions of CubeSmart in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.95 M Sold Last Quarter
Proj. Earnings Growth
6.32%
From $2.69 to $2.86 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Finance Sector

726th out of 911 stocks

Real Estate Investment Trusts Industry

159th out of 188 stocks


CUBE stock logo

About CubeSmart (NYSE:CUBE) Stock

CubeSmart operates as a self-managed and self-administered real estate investment trust with its operations conducted solely through CubeSmart LP and its subsidiaries. It owns, operates, develops, manages, and acquires self-storage properties. The company was founded in July 2004 and is headquartered in Malvern, PA.

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CUBE Stock News Headlines

Wall Street Legend Who Called AMZN Crash Issues New Sell Alert
Now, after years of big gains, he says one popular company's day in the sun is finally coming to an end. You must get off this sinking ship – NOW. 1 million people follow him for his surprisingly accurate predictions. His new sell alert could save your wealth in 2023.
CubeSmart declares $0.49 dividend
CubeSmart Declares Second Quarter 2023 Dividend
Wall Street Legend Who Called AMZN Crash Issues New Sell Alert
Now, after years of big gains, he says one popular company's day in the sun is finally coming to an end. You must get off this sinking ship – NOW. 1 million people follow him for his surprisingly accurate predictions. His new sell alert could save your wealth in 2023.
Q1 2023 CubeSmart Earnings Call
CubeSmart: A Sleep Well At Night Self-Storage Buy
CubeSmart (CUBE) Q1 FFO Match Estimates
CubeSmart Reports First Quarter 2023 Results
CubeSmart (NYSE:CUBE) Trading Down 2.8%
CubeSmart (NYSE:CUBE) Cut to Peer Perform at Wolfe Research
See More Headlines
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CUBE Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 4/17 Dividend
3/31/2023
Dividend Payable
4/17/2023
Today
5/29/2023
Ex-Dividend for 7/17 Dividend
6/30/2023
Dividend Payable
7/17/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
22966310
Employees
2,804
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$48.71
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+8.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$291.26 million
Pretax Margin
34.27%

Debt

Sales & Book Value

Annual Sales
$1.01 billion
Cash Flow
$2.70 per share
Book Value
$12.56 per share

Miscellaneous

Free Float
221,419,000
Market Cap
$10.07 billion
Optionable
Optionable
Beta
0.58

Key Executives

  • Christopher P. MarrChristopher P. Marr
    President, Chief Executive Officer & Trustee
  • Joel D. KeatonJoel D. Keaton
    Chief Operating Officer
  • Timothy M. Martin
    Chief Financial Officer
  • Jeffrey P. FosterJeffrey P. Foster
    Secretary, Chief Legal Officer & Senior VP
  • Matthew DeNarie
    Chief Accounting Officer & Senior Vice President













CUBE Stock - Frequently Asked Questions

Should I buy or sell CubeSmart stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CUBE shares.
View CUBE analyst ratings
or view top-rated stocks.

What is CubeSmart's stock price forecast for 2023?

8 brokerages have issued 1 year target prices for CubeSmart's stock. Their CUBE share price forecasts range from $41.00 to $55.00. On average, they expect the company's share price to reach $48.71 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price.
View analysts price targets for CUBE
or view top-rated stocks among Wall Street analysts.

How have CUBE shares performed in 2023?

CubeSmart's stock was trading at $40.25 at the beginning of the year. Since then, CUBE shares have increased by 11.3% and is now trading at $44.81.
View the best growth stocks for 2023 here
.

Are investors shorting CubeSmart?

CubeSmart saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 11,140,000 shares, an increase of 12.4% from the April 30th total of 9,910,000 shares. Based on an average daily trading volume, of 1,860,000 shares, the short-interest ratio is currently 6.0 days.
View CubeSmart's Short Interest
.

When is CubeSmart's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CUBE earnings forecast
.

How were CubeSmart's earnings last quarter?

CubeSmart (NYSE:CUBE) released its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.40. The real estate investment trust had revenue of $238.57 million for the quarter, compared to the consensus estimate of $240.13 million. CubeSmart had a net margin of 34.13% and a trailing twelve-month return on equity of 12.38%. The company's revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share.

How often does CubeSmart pay dividends? What is the dividend yield for CubeSmart?

CubeSmart declared a quarterly dividend on Tuesday, May 16th. Shareholders of record on Monday, July 3rd will be given a dividend of $0.49 per share on Monday, July 17th. This represents a $1.96 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Friday, June 30th.
Read our dividend analysis for CUBE
.

Is CubeSmart a good dividend stock?

CubeSmart (NYSE:CUBE) pays an annual dividend of $1.96 per share and currently has a dividend yield of 4.37%. 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 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 126.45%. 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 68.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CUBE.

What guidance has CubeSmart issued on next quarter's earnings?

CubeSmart issued an update on its FY23 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $2.64-$2.71 for the period, compared to the consensus EPS estimate of $2.71.

What is Christopher P. Marr's approval rating as CubeSmart's CEO?

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.

What other stocks do shareholders of CubeSmart own?

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).

What is CubeSmart's stock symbol?

CubeSmart trades on the New York Stock Exchange (NYSE) under the ticker symbol "CUBE."

Who are CubeSmart's major shareholders?

CubeSmart's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.67%), FMR LLC (8.55%), State Street Corp (5.53%), Principal Financial Group Inc. (5.09%), JPMorgan Chase & Co. (2.47%) and Price T Rowe Associates Inc. MD (2.09%). Insiders that own company stock include Christopher P Marr, Jeffrey P Foster, Jeffrey P Foster, Joel D Keaton, Marianne M Keler and Timothy M Martin.
View institutional ownership trends
.

How do I buy shares of CubeSmart?

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

What is CubeSmart's stock price today?

One share of CUBE stock can currently be purchased for approximately $44.81.

How much money does CubeSmart make?

CubeSmart (NYSE:CUBE) has a market capitalization of $10.07 billion and generates $1.01 billion in revenue each year. The real estate investment trust earns $291.26 million in net income (profit) each year or $1.55 on an earnings per share basis.

How many employees does CubeSmart have?

The company employs 2,804 workers across the globe.

How can I contact CubeSmart?

CubeSmart's mailing address is 5 OLD LANCASTER ROAD, MALVERN PA, 19355. The official website for the company is www.cubesmart.com. The real estate investment trust can be reached via phone at (610) 535-5000, via email at investors@cubesmart.com, or via fax at 216-274-1360.

This page (NYSE:CUBE) was last updated on 5/29/2023 by MarketBeat.com Staff

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