CubeSmart Stock Price, News & Analysis (NYSE:CUBE)

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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9 Wall Street research analysts have issued twelve-month target prices for CubeSmart's shares. Their CUBE share price targets range from $37.00 to $52.00. On average, they expect the company's share price to reach $44.90 in the next twelve months. This suggests a possible upside of 9.7% from the stock's current price.
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CubeSmart's stock was trading at $40.25 at the beginning of 2023. Since then, CUBE stock has increased by 1.7% and is now trading at $40.93.
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CubeSmart saw a decrease in short interest in November. As of November 15th, there was short interest totaling 6,020,000 shares, a decrease of 16.2% from the October 31st total of 7,180,000 shares. Based on an average daily volume of 1,790,000 shares, the days-to-cover ratio is presently 3.4 days.
View CubeSmart's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our CUBE earnings forecast.

CubeSmart (NYSE:CUBE) posted its earnings results on Thursday, April, 28th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by $0.40. The real estate investment trust earned $238.57 million during the quarter, compared to analysts' expectations of $240.13 million. CubeSmart had a trailing twelve-month return on equity of 13.45% and a net margin of 36.32%. The business's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share.

CubeSmart announced a quarterly dividend on Tuesday, July 25th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.49 per share on Monday, October 16th. This represents a $1.96 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Friday, September 29th.
Read our dividend analysis for CUBE.

CubeSmart (NYSE:CUBE) pays an annual dividend of $1.96 per share and currently has a dividend yield of 4.79%. 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 117.37%. 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 72.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CUBE.

ETFs with the largest weight of CubeSmart (NYSE:CUBE) stock in their portfolio include Nuveen Short-Term REIT ETF (NURE), Pacer Industrial Real Estate ETF (INDS), Invesco Dorsey Wright Financial Momentum ETF (PFI), Fidelity Real Estate Investment ETF (FPRO), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), Principal Real Estate Active Opportunities ETF (BYRE), iShares Residential and Multisector Real Estate ETF (REZ) and ETFB Green SRI REITs ETF (RITA).

CubeSmart issued an update on its fourth quarter earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $0.67 to $0.69 for the period, compared to the consensus earnings per share estimate of $0.68.

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.

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).

CubeSmart's stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (6.76%), JPMorgan Chase & Co. (3.01%), Invesco Ltd. (2.10%), Principal Financial Group Inc. (1.96%), Allspring Global Investments Holdings LLC (1.73%) and Morgan Stanley (1.45%). Insiders that own company stock include Christopher P Marr, Jeffrey P Foster, Jeffrey P Foster, Joel D Keaton and Timothy M Martin.
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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.
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