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CubeSmart - CUBE Stock Forecast, Price & News

$39.63
-0.76 (-1.88%)
(As of 11/28/2022 01:26 PM ET)
Add
Compare
Today's Range
$39.61
$40.45
50-Day Range
$37.24
$43.26
52-Week Range
$36.82
$57.34
Volume
14,703 shs
Average Volume
1.50 million shs
Market Capitalization
$8.90 billion
P/E Ratio
34.76
Dividend Yield
4.26%
Price Target
$52.83

CubeSmart MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
32.3% Upside
$52.83 Price Target
Short Interest
Bearish
3.39% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.52mentions of CubeSmart in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.17%
From $2.51 to $2.69 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.79 out of 5 stars

Finance Sector

142nd out of 894 stocks

Real Estate Investment Trusts Industry

29th out of 192 stocks

CUBE stock logo

About CubeSmart (NYSE:CUBE) Stock

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 secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

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CUBE Stock News Headlines

CubeSmart (NYSE:CUBE) Short Interest Up 5.9% in October
CubeSmart Vs. Life Storage: Which REIT Is The Better Buy?
CubeSmart Third Quarter 2022 Earnings: Beats Expectations
CubeSmart Reports Third Quarter 2022 Results
RSI Alert: CubeSmart Now Oversold - Nasdaq
NBC10 Boston Responds and the Broken Elevator
5 Top Dividend Stocks You Can't Afford to Overlook
Upcoming Dividend Run For CUBE? - Nasdaq
DEI vs. CUBE: Which Stock Is the Better Value Option?
See More Headlines
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CUBE Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 10/17 Dividend
9/30/2022
Dividend Payable
10/17/2022
Today
11/28/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
22966310
Employees
2,892
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$52.83
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+33.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$223.48 million
Pretax Margin
27.82%

Debt

Sales & Book Value

Annual Sales
$657.81 million
Cash Flow
$2.25 per share
Book Value
$13.21 per share

Miscellaneous

Free Float
221,700,000
Market Cap
$8.90 billion
Optionable
Optionable
Beta
0.54

Key Executives

  • Mr. Christopher P. MarrMr. Christopher P. Marr (Age 57)
    CEO, Pres & Trustee
    Comp: $3.49M
  • Mr. Timothy M. Martin (Age 51)
    CFO & Treasurer
    Comp: $1.56M
  • Mr. Joel D. KeatonMr. Joel D. Keaton (Age 50)
    Chief Operating Officer
    Comp: $1.21M
  • Mr. Jeffrey P. FosterMr. Jeffrey P. Foster (Age 52)
    Sr. VP, Chief Legal Officer & Sec.
    Comp: $1.23M
  • Mr. Charles W. Place
    Director, Investor Relations
  • Mr. Daniel Ruble CFA
    VP of Marketing
  • Mr. Joe Fitzgerald
    VP of Operations
  • Mr. Carey Parsons
    VP of Operations
  • Mr. Guy Middlebrooks
    VP of Third-Party Management
  • Joshua Schutzer
    Director of Financial Analysis













CUBE Stock - Frequently Asked Questions

Should I buy or sell CubeSmart stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last twelve months. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

7 brokers have issued 1 year price targets for CubeSmart's shares. Their CUBE share price forecasts range from $45.00 to $58.00. On average, they anticipate the company's share price to reach $52.83 in the next twelve months. This suggests a possible upside of 31.9% 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 2022?

CubeSmart's stock was trading at $56.91 at the beginning of 2022. Since then, CUBE stock has decreased by 29.6% and is now trading at $40.07.
View the best growth stocks for 2022 here
.

Are investors shorting CubeSmart?

CubeSmart saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 7,610,000 shares, an increase of 14.3% from the October 31st total of 6,660,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the short-interest ratio is currently 5.8 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, February 23rd 2023.
View our CUBE earnings forecast
.

How were CubeSmart's earnings last quarter?

CubeSmart (NYSE:CUBE) released its quarterly earnings data 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 earned $238.57 million during the quarter, compared to the consensus estimate of $240.13 million. CubeSmart had a trailing twelve-month return on equity of 10.25% and a net margin of 27.59%. CubeSmart's quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 earnings per share.

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

CubeSmart announced a quarterly dividend on Tuesday, July 26th. Investors of record on Monday, October 3rd will be paid a dividend of $0.43 per share on Monday, October 17th. This represents a $1.72 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Friday, September 30th.
Read our dividend analysis for CUBE
.

Is CubeSmart a good dividend stock?

CubeSmart (NYSE:CUBE) pays an annual dividend of $1.72 per share and currently has a dividend yield of 4.26%. 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 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 150.88%. 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 63.94% 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 fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $0.65-$0.66 for the period, compared to the consensus earnings per share estimate of $0.66. 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).

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.38%), BlackRock Inc. (7.01%), State Street Corp (4.24%), Cohen & Steers Inc. (3.64%), Price T Rowe Associates Inc. MD (2.38%) and Alliancebernstein L.P. (1.95%). Insiders that own company stock include Christopher P Marr, Jeffrey P Foster, Jeffrey P Foster, Joel D Keaton and Marianne M Keler.
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 $40.07.

How much money does CubeSmart make?

CubeSmart (NYSE:CUBE) has a market capitalization of $9.00 billion and generates $657.81 million in revenue each year. The real estate investment trust earns $223.48 million in net income (profit) each year or $1.14 on an earnings per share basis.

How many employees does CubeSmart have?

The company employs 2,892 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 11/28/2022 by MarketBeat.com Staff