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NYSE:CUBE

CubeSmart (CUBE) Stock Forecast, Price & News

$38.75
-0.17 (-0.44%)
(As of 09/22/2023 ET)
Compare
Today's Range
$38.68
$39.40
50-Day Range
$38.75
$46.55
52-Week Range
$36.82
$48.93
Volume
1.10 million shs
Average Volume
1.77 million shs
Market Capitalization
$8.71 billion
P/E Ratio
22.53
Dividend Yield
5.06%
Price Target
$47.00

CubeSmart MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
21.3% Upside
$47.00 Price Target
Short Interest
Healthy
3.25% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.31mentions of CubeSmart in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.76%
From $2.66 to $2.76 Per Share

Overall MarketRank

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

2.97 out of 5 stars

Finance Sector

90th out of 806 stocks

Real Estate Investment Trusts Industry

13th out of 171 stocks


CUBE stock logo

About CubeSmart (NYSE:CUBE) Stock

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.

CUBE Price History

CUBE Stock News Headlines

GOOD or CUBE: Which Is the Better Value Stock Right Now?
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Short Interest in CubeSmart (NYSE:CUBE) Declines By 12.5%
CubeSmart's (CUBE) Buy Rating Reaffirmed at Stifel Nicolaus
Q3 2023 EPS Estimates for CubeSmart (NYSE:CUBE) Lowered by Analyst
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Wells Fargo Sticks to Their Buy Rating for Cubesmart (CUBE)
Q2 2023 CubeSmart Earnings Call
CubeSmart (CUBE) Q2 FFO and Revenues Lag Estimates
CubeSmart Reports Second Quarter 2023 Results
CubeSmart Declares Third Quarter 2023 Dividend
Expert Ratings for CubeSmart
See More Headlines
Receive CUBE Stock News and Ratings via Email

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CUBE Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 7/17 Dividend
6/30/2023
Dividend Payable
7/17/2023
Today
9/22/2023
Ex-Dividend for 10/16 Dividend
9/29/2023
Dividend Payable
10/16/2023
Next Earnings (Estimated)
10/26/2023
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
$47.00
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+20.4%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$291.26 million
Pretax Margin
37.69%

Debt

Sales & Book Value

Annual Sales
$1.01 billion
Cash Flow
$2.61 per share
Book Value
$12.65 per share

Miscellaneous

Free Float
221,549,000
Market Cap
$8.78 billion
Optionable
Optionable
Beta
0.58
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Key Executives

  • Mr. Christopher P. MarrMr. Christopher P. Marr (Age 58)
    CEO, Pres & Trustee
    Comp: $3.19M
  • Mr. Timothy M. Martin (Age 52)
    CFO & Treasurer
    Comp: $1.45M
  • Mr. Joel D. KeatonMr. Joel D. Keaton (Age 51)
    Chief Operating Officer
    Comp: $1.23M
  • Mr. Jeffrey P. FosterMr. Jeffrey P. Foster (Age 53)
    Sr. VP, Chief Legal Officer & Sec.
    Comp: $1.2M
  • Mr. Matthew D. DeNarie (Age 39)
    Sr. VP & Chief Accounting Officer
  • Mr. Charles W. Place
    Director, Investor Relations
  • Mr. Daniel Ruble CFA
    VP of Marketing
  • Ms. Jennifer Schulte
    Chief HR Officer
  • Mr. Carey Parsons
    VP of Operations
  • Mr. Guy Middlebrooks
    VP of Third-Party Management













CUBE Stock - Frequently Asked Questions

Should I buy or sell CubeSmart stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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.
View CUBE analyst ratings
or view top-rated stocks.

What is CubeSmart's stock price forecast for 2023?

9 equities research analysts have issued 12 month price objectives for CubeSmart's stock. Their CUBE share price forecasts range from $41.00 to $52.00. On average, they anticipate the company's stock price to reach $47.00 in the next year. This suggests a possible upside of 20.4% 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 start of the year. Since then, CUBE stock has decreased by 3.0% and is now trading at $39.04.
View the best growth stocks for 2023 here
.

Are investors shorting CubeSmart?

CubeSmart saw a drop in short interest in August. As of August 31st, there was short interest totaling 7,310,000 shares, a drop of 12.5% from the August 15th total of 8,350,000 shares. Based on an average daily trading volume, of 1,610,000 shares, the days-to-cover ratio is currently 4.5 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, October 26th 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 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 analysts' expectations of $240.13 million. CubeSmart had a trailing twelve-month return on equity of 13.80% and a net margin of 37.53%. The business's quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the business 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, July 25th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.49 per share on Monday, October 16th. This represents a $1.96 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Friday, September 29th.
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 4.86%. 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 113.95%. 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 71.01% 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 third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $0.66-$0.68 for the period, compared to the consensus EPS estimate of $0.69. The company issued revenue guidance of -.

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. (11.58%), State Street Corp (5.50%), Principal Financial Group Inc. (3.90%), JPMorgan Chase & Co. (3.04%), Capital Research Global Investors (1.83%) and Geode Capital Management LLC (1.80%). 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
.

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 $39.04.

How much money does CubeSmart make?

CubeSmart (NYSE:CUBE) has a market capitalization of $8.78 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 $1.72 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 9/22/2023 by MarketBeat.com Staff

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