CubeSmart (CUBE) Stock Forecast, Price & News

9 Wall Street 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 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 analysts have issued 1-year target prices for CubeSmart's stock. Their CUBE share price forecasts range from $41.00 to $52.00. On average, they expect the company's share price to reach $47.00 in the next year. This suggests a possible upside of 21.8% 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 decreased by 4.1% and is now trading at $38.60.
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CubeSmart saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 7,310,000 shares, a decline 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 presently 4.5 days.
View CubeSmart's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CUBE earnings forecast.

CubeSmart (NYSE:CUBE) released its earnings results 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 analyst estimates of $240.13 million. CubeSmart had a trailing twelve-month return on equity of 13.80% and a net margin of 37.53%. The firm's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share.

CubeSmart announced a quarterly dividend on Tuesday, July 25th. Investors 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 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Friday, September 29th.
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 (NYSE:CUBE) pays an annual dividend of $1.96 per share and currently has a dividend yield of 5.04%. 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.

CubeSmart updated 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 earnings per share estimate of $0.69. The company issued revenue guidance of -.

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

CubeSmart's stock is owned by a number of retail and institutional 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.

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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One share of CUBE stock can currently be purchased for approximately $38.60.

CubeSmart (NYSE:CUBE) has a market capitalization of $8.68 billion and generates $1.04 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.

The company employs 2,804 workers across the globe.

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.