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NYSE:CUBE

CubeSmart (CUBE) Stock Price, News & Analysis

$42.42
+0.21 (+0.50%)
(As of 02:39 PM ET)
Today's Range
$42.17
$42.68
50-Day Range
$42.21
$46.58
52-Week Range
$33.17
$47.81
Volume
389,289 shs
Average Volume
1.48 million shs
Market Capitalization
$9.54 billion
P/E Ratio
23.44
Dividend Yield
4.81%
Price Target
$46.33

CubeSmart MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
9.8% Upside
$46.33 Price Target
Short Interest
Healthy
2.36% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.71mentions of CubeSmart in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.15%
From $2.65 to $2.76 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.

3.74 out of 5 stars

Finance Sector

394th out of 843 stocks

Real Estate Investment Trusts Industry

77th out of 180 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

Central Avenue self-storage sold for $8.5 million
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Evaluating CubeSmart: Insights From 4 Financial Analysts
CubeSmart Declares First Quarter 2024 Dividend
Michael Knott
CubeSmart: Why Its Best Days Could Be Over
Here’s What Supported CubeSmart (CUBE) in Q4
Key Takeaways From CubeSmart Analyst Ratings
CubeSmart (CUBE) Q4 2023 Earnings Call Transcript
Q4 2023 CubeSmart Earnings Call
Q4 2023 CubeSmart Earnings Call Transcript
See More Headlines
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Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 4/15 Dividend
3/28/2024
Dividend Payable
4/15/2024
Today
4/17/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
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
+9.8%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$410.76 million
Pretax Margin
39.27%

Debt

Sales & Book Value

Annual Sales
$1.05 billion
Cash Flow
$2.71 per share
Book Value
$12.54 per share

Miscellaneous

Free Float
221,176,000
Market Cap
$9.50 billion
Optionable
Optionable
Beta
0.69
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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 Wall Street analysts have issued 1-year target prices for CubeSmart's shares. Their CUBE share price targets range from $38.00 to $53.00. On average, they anticipate the company's stock price to reach $46.33 in the next twelve months. This suggests a possible upside of 9.8% 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 beginning of 2024. Since then, CUBE stock has decreased by 8.9% and is now trading at $42.21.
View the best growth stocks for 2024 here
.

Are investors shorting CubeSmart?

CubeSmart saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 5,300,000 shares, a decrease of 9.2% from the March 15th total of 5,840,000 shares. Based on an average daily volume of 1,500,000 shares, the days-to-cover ratio is currently 3.5 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, April 25th 2024.
View our CUBE earnings forecast
.

How can I listen to CubeSmart's earnings call?

CubeSmart will be holding an earnings conference call on Friday, April 26th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-660-6264 with passcode "93212#".

How were CubeSmart's earnings last quarter?

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 analysts' expectations of $240.13 million. CubeSmart had a trailing twelve-month return on equity of 14.57% and a net margin of 39.11%. The firm's quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the company posted $0.47 earnings per share.

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

CubeSmart announced a quarterly dividend on Monday, March 18th. Investors of record on Monday, April 1st will be given 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 4.83%. The ex-dividend date of this dividend 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 4.66%. 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 112.71%. 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 73.91% 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 first quarter 2024 earnings guidance on Thursday, February, 29th. The company provided 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 number of institutional and retail investors. Top institutional investors include Gateway Investment Advisers LLC (0.10%), Hazelview Securities Inc. (0.10%), Pensionfund DSM Netherlands (0.03%), Pensionfund Sabic (0.02%), Cooper Financial Group (0.00%) and Rise Advisors LLC (0.00%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CUBE) was last updated on 4/17/2024 by MarketBeat.com Staff

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