NYSE:CUBE CubeSmart (CUBE) Stock Forecast, Price & News $44.45 -0.96 (-2.11%) (As of 03:09 PM ET) Add Compare Share Share Today's Range$44.37▼$45.3150-Day Range$43.90▼$48.4852-Week Range$36.82▼$51.08Volume842,659 shsAverage Volume1.89 million shsMarket Capitalization$9.99 billionP/E Ratio28.68Dividend Yield4.41%Price Target$48.71 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media CubeSmart MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside9.1% Upside$48.71 Price TargetShort InterestBearish4.96% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.18Based on 7 Articles This WeekInsider TradingSelling Shares$3.39 M Sold Last QuarterProj. Earnings Growth6.32%From $2.69 to $2.86 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.05 out of 5 starsFinance Sector613th out of 862 stocksReal Estate Investment Trusts Industry132nd out of 190 stocks 1.3 Analyst's Opinion Consensus RatingCubeSmart has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $48.71, CubeSmart has a forecasted upside of 9.1% from its current price of $44.64.Amount of Analyst CoverageCubeSmart has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.96% of the outstanding shares of CubeSmart have been sold short.Short Interest Ratio / Days to CoverCubeSmart has a short interest ratio ("days to cover") of 6.Change versus previous monthShort interest in CubeSmart has recently increased by 12.41%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipCubeSmart is a leading dividend payer. It pays a dividend yield of 4.45%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCubeSmart has been increasing its dividend for 13 years.Dividend CoverageThe dividend payout ratio of CubeSmart is 126.45%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, CubeSmart will have a dividend payout ratio of 68.53% next year. This indicates that CubeSmart will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CUBE. Previous Next 2.3 News and Social Media Coverage News SentimentCubeSmart has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for CubeSmart this week, compared to 4 articles on an average week.Search InterestOnly 10 people have searched for CUBE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows3 people have added CubeSmart to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CubeSmart insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,391,277.00 in company stock.Percentage Held by InsidersOnly 1.45% of the stock of CubeSmart is held by insiders.Percentage Held by Institutions93.62% of the stock of CubeSmart is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for CubeSmart are expected to grow by 6.32% in the coming year, from $2.69 to $2.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CubeSmart is 28.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.08.Price to Earnings Ratio vs. SectorThe P/E ratio of CubeSmart is 28.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 143.53.Price to Earnings Growth RatioCubeSmart has a PEG Ratio of 3.81. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCubeSmart has a P/B Ratio of 3.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About CubeSmart (NYSE:CUBE) StockCubeSmart 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.Read More Receive CUBE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CubeSmart and its competitors with MarketBeat's FREE daily newsletter. Email Address CUBE Stock News HeadlinesJune 8, 2023 | americanbankingnews.comChristopher P. Marr Sells 16,948 Shares of CubeSmart (NYSE:CUBE) StockJune 8, 2023 | americanbankingnews.comCubeSmart (NYSE:CUBE) Insider Jeffrey P. Foster Sells 15,000 Shares of StockJune 8, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.May 27, 2023 | msn.com'No intent of arson' in Bradenton CubeSmart storage facility blaze, fire marshal saysMay 26, 2023 | news.yahoo.com‘No intent of arson’ in Bradenton CubeSmart storage facility blaze, fire marshal saysMay 23, 2023 | americanbankingnews.comCubeSmart (NYSE:CUBE) Receives $48.83 Average PT from BrokeragesMay 22, 2023 | americanbankingnews.comCubeSmart (NYSE:CUBE) Now Covered by Analysts at StockNews.comMay 18, 2023 | msn.comCubeSmart (CUBE) Declares $0.49 DividendJune 8, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.May 16, 2023 | msn.comCubeSmart declares $0.49 dividendMay 16, 2023 | finance.yahoo.comCubeSmart Declares Second Quarter 2023 DividendMay 16, 2023 | marketwatch.comDevice Storage Market Outlook and Forecast to 2030 | Prime Storage Group, Metro Storage, U-Haul International, CubeSmartMay 12, 2023 | msn.comCubesmart's Monday Auction on Pine Island ......May 12, 2023 | americanbankingnews.comTimothy M. Martin Sells 42,537 Shares of CubeSmart (NYSE:CUBE) StockMay 10, 2023 | msn.comCubeSmart: Performing Well But Too ExpensiveApril 29, 2023 | finance.yahoo.comQ1 2023 CubeSmart Earnings CallApril 29, 2023 | seekingalpha.comCubeSmart: A Sleep Well At Night Self-Storage BuyApril 28, 2023 | americanbankingnews.comCubeSmart (NYSE:CUBE) Receives $48.83 Average Price Target from BrokeragesApril 28, 2023 | finance.yahoo.comCompared to Estimates, CubeSmart (CUBE) Q1 Earnings: A Look at Key MetricsApril 27, 2023 | finance.yahoo.comCubeSmart (CUBE) Q1 FFO Match EstimatesApril 27, 2023 | finance.yahoo.comCubeSmart Reports First Quarter 2023 ResultsApril 25, 2023 | americanbankingnews.comCubeSmart (CUBE) Scheduled to Post Quarterly Earnings on ThursdayApril 20, 2023 | americanbankingnews.comBMO Capital Markets Lowers CubeSmart (NYSE:CUBE) to Market PerformApril 19, 2023 | americanbankingnews.comCubeSmart to Post Q2 2023 Earnings of $0.66 Per Share, Jefferies Financial Group Forecasts (NYSE:CUBE)April 15, 2023 | americanbankingnews.comCubeSmart (NYSE:CUBE) Trading Down 2.8%April 15, 2023 | americanbankingnews.comCubeSmart (NYSE:CUBE) Cut to Peer Perform at Wolfe ResearchApril 14, 2023 | msn.comWolfe Research Downgrades CubeSmart (CUBE)See More Headlines CUBE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CUBE Company Calendar Last Earnings4/28/2022Ex-Dividend for 4/17 Dividend3/31/2023Dividend Payable4/17/2023Today6/08/2023Ex-Dividend for 7/17 Dividend6/30/2023Dividend Payable7/17/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:CUBE CUSIP22966310 CIK1298675 Webwww.cubesmart.com Phone(610) 535-5000Fax216-274-1360Employees2,804Year FoundedN/APrice Target and Rating Average Stock Price Forecast$48.71 High Stock Price Forecast$55.00 Low Stock Price Forecast$41.00 Forecasted Upside/Downside+7.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$1.55 Trailing P/E Ratio29.30 Forward P/E Ratio16.88 P/E Growth3.81Net Income$291.26 million Net Margins34.13% Pretax Margin34.27% Return on Equity12.38% Return on Assets5.54% Debt Debt-to-Equity Ratio1.06 Current Ratio0.05 Quick Ratio0.05 Sales & Book Value Annual Sales$1.01 billion Price / Sales10.11 Cash Flow$2.78 per share Price / Cash Flow16.32 Book Value$12.65 per share Price / Book3.59Miscellaneous Outstanding Shares224,680,000Free Float221,419,000Market Cap$10.20 billion OptionableOptionable Beta0.58 Key ExecutivesChristopher P. MarrPresident, Chief Executive Officer & TrusteeJoel D. KeatonChief Operating OfficerTimothy M. MartinChief Financial OfficerJeffrey P. FosterSecretary, Chief Legal Officer & Senior VPMatthew DeNarieChief Accounting Officer & Senior Vice PresidentKey CompetitorsLife StorageNYSE:LSIHealthcare Realty TrustNYSE:HROmega Healthcare InvestorsNYSE:OHIMedical Properties TrustNYSE:MPWRyman Hospitality PropertiesNYSE:RHPView All CompetitorsInsiders & InstitutionsChristopher P MarrSold 16,948 sharesTotal: $764,354.80 ($45.10/share)Jeffrey P FosterSold 15,000 sharesTotal: $675,750.00 ($45.05/share)Macquarie Group Ltd.Sold 4,185 shares on 6/1/2023Ownership: 0.053%Ontario Teachers Pension Plan BoardBought 59,838 shares on 6/1/2023Ownership: 0.027%ProShare Advisors LLCSold 29,080 shares on 5/26/2023Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions 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 twelve months. 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 12 month price objectives 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 year. This suggests a possible upside of 7.3% 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 stock has increased by 12.8% and is now trading at $45.41. View the best growth stocks for 2023 here. Are investors shorting CubeSmart? CubeSmart saw a increase in short interest in 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 days-to-cover ratio is presently 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 results on Thursday, April, 28th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.40. The real estate investment trust earned $238.57 million during 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 business's quarterly 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. Investors 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 4.32%. The ex-dividend date is Friday, June 30th. Read our dividend analysis for CUBE. What ETFs hold CubeSmart's stock? ETFs with the largest weight of CubeSmart (NYSE:CUBE) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), Nuveen Short-Term REIT ETF (NURE), Pacer Industrial Real Estate ETF (INDS), Invesco DWA Financial Momentum ETF (PFI), Fidelity Real Estate Investment ETF (FPRO), Principal Real Estate Active Opportunities ETF (BYRE), iShares Residential and Multisector Real Estate ETF (REZ) and ETFB Green SRI REITs ETF (RITA). 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 4.45%. 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 updated its FY23 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) 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 investors 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 $45.41. How much money does CubeSmart make? CubeSmart (NYSE:CUBE) has a market capitalization of $10.20 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 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding CubeSmart Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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