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NYSE:CUBE

CubeSmart (CUBE) Stock Price, News & Analysis

$43.40
-0.49 (-1.12%)
(As of 05/21/2024 ET)
Today's Range
$43.19
$43.95
50-Day Range
$40.44
$46.58
52-Week Range
$33.17
$47.81
Volume
1.01 million shs
Average Volume
1.46 million shs
Market Capitalization
$9.76 billion
P/E Ratio
24.11
Dividend Yield
4.70%
Price Target
$46.33

CubeSmart MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
6.7% Upside
$46.33 Price Target
Short Interest
Healthy
2.44% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.12mentions of CubeSmart in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.79%
From $2.64 to $2.74 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.38 out of 5 stars

Real Estate Sector

6th out of 8 stocks

REIT - Industrial Industry

1st out of 1 stocks

CUBE stock logo

About CubeSmart Stock (NYSE:CUBE)

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 Stock Price History

CUBE Stock News Headlines

CubeSmart Declares Second Quarter 2024 Dividend
Short Interest in CubeSmart (NYSE:CUBE) Rises By 7.4%
CubeSmart (NYSE:CUBE) Q1 2024 Earnings Call Transcript
Q1 2024 CubeSmart Earnings Call
CubeSmart Reports First Quarter 2024 Results
Here's what to expect from CubeSmart's earnings
Central Avenue self-storage sold for $8.5 million
See More Headlines
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Company Calendar

Ex-Dividend for 4/15 Dividend
3/28/2024
Dividend Payable
4/15/2024
Last Earnings
4/26/2024
Today
5/21/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
REIT - Industrial
Sub-Industry
Specialized REITs
CUSIP
22966310
Employees
3,040
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$46.33
High Stock Price Target
$53.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+6.6%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$410.76 million
Pretax Margin
38.79%

Debt

Sales & Book Value

Annual Sales
$1.05 billion
Cash Flow
$2.68 per share
Book Value
$12.54 per share

Miscellaneous

Free Float
221,192,000
Market Cap
$9.77 billion
Optionable
Optionable
Beta
0.72
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CUBE Stock Analysis - Frequently Asked Questions

Should I buy or sell CubeSmart stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

11 brokerages have issued 12-month price targets for CubeSmart's shares. Their CUBE share price targets range from $38.00 to $53.00. On average, they anticipate the company's share price to reach $46.33 in the next twelve months. This suggests a possible upside of 6.7% 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 2024?

CubeSmart's stock was trading at $46.35 at the start of the year. Since then, CUBE stock has decreased by 6.3% and is now trading at $43.41.
View the best growth stocks for 2024 here
.

Are investors shorting CubeSmart?

CubeSmart saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,490,000 shares, an increase of 7.4% from the April 15th total of 5,110,000 shares. Based on an average daily volume of 1,460,000 shares, the short-interest ratio is currently 3.8 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 1st 2024.
View our CUBE earnings forecast
.

How were CubeSmart's earnings last quarter?

CubeSmart (NYSE:CUBE) released its earnings results on Friday, April, 26th. The real estate investment trust reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by $0.22. The real estate investment trust earned $261.41 million during the quarter, compared to the consensus estimate of $253.91 million. CubeSmart had a net margin of 38.64% and a trailing twelve-month return on equity of 14.48%. The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS.

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

CubeSmart declared a quarterly dividend on Monday, March 18th. Investors of record on Monday, April 1st will be paid a dividend of $0.51 per share on Monday, April 15th. This represents a $2.04 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Thursday, March 28th.
Read our dividend analysis for CUBE
.

Is CubeSmart a good dividend stock?

CubeSmart (NYSE:CUBE) pays an annual dividend of $2.04 per share and currently has a dividend yield of 4.60%. 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 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 113.33%. 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 74.45% 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 updated its second quarter 2024 earnings guidance on Thursday, April, 25th. The company provided earnings per share (EPS) guidance of 0.630-0.650 for the period, compared to the consensus earnings per share estimate of 0.650. 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).

Who are CubeSmart's major shareholders?

CubeSmart's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.19%), Price T Rowe Associates Inc. MD (2.53%), Allspring Global Investments Holdings LLC (1.71%), Capital Research Global Investors (1.31%), Janus Henderson Group PLC (0.81%) and Russell Investments Group Ltd. (0.76%). Insiders that own company stock include Christopher P Marr, Jeffrey P Foster 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CUBE) was last updated on 5/21/2024 by MarketBeat.com Staff

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