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NYSE:CUBE

CubeSmart - CUBE Stock Forecast, Price & News

$45.12
+0.97 (+2.20%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
$43.99
$45.12
50-Day Range
$41.72
$48.65
52-Week Range
$36.82
$54.95
Volume
2.23 million shs
Average Volume
2.18 million shs
Market Capitalization
$10.14 billion
P/E Ratio
34.98
Dividend Yield
4.34%
Price Target
$48.57

CubeSmart MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
7.6% Upside
$48.57 Price Target
Short Interest
Healthy
4.91% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.59mentions of CubeSmart in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.54%
From $2.71 to $2.86 Per Share

Overall MarketRank

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

2.37 out of 5 stars

Finance Sector

358th out of 868 stocks

Real Estate Investment Trusts Industry

74th out of 190 stocks


CUBE stock logo

About CubeSmart (NYSE:CUBE) Stock

CubeSmart 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.

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CUBE Stock News Headlines

Look To REITs For Reliable Yield Even In Recessionary Environment (CUBE)
While office REITs underperform, tailwinds are helping categories including self-storage, entertainment, apartments, industrial spaces, and cell towers.
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
What Makes CubeSmart (CUBE) a Bullish Investment?
CubeSmart: Good Company In An Overvalued Sector
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
CubeSmart (NYSE:CUBE) Q4 2022 Earnings Call Transcript
Q4 2022 CubeSmart Earnings Call
CubeSmart (CUBE) Q4 FFO and Revenues Beat Estimates
CubeSmart Reports 2022 Annual Results
CubeSmart Declares First Quarter 2023 Dividend
CubeSmart Stock Getting Closer To Key Technical Benchmark
CubeSmart Announces Tax Allocations of 2022 Distributions
CubeSmart: The Newest Addition To My Roth IRA
CubeSmart Vs. Life Storage: Which REIT Is The Better Buy?
CubeSmart Third Quarter 2022 Earnings: Beats Expectations
See More Headlines
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CUBE Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 1/17 Dividend
12/30/2022
Dividend Payable
1/17/2023
Today
3/24/2023
Ex-Dividend for 4/17 Dividend
3/31/2023
Dividend Payable
4/17/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
22966310
Employees
2,804
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$48.57
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+10.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$291.26 million
Pretax Margin
28.97%

Debt

Sales & Book Value

Annual Sales
$1.01 billion
Cash Flow
$2.58 per share
Book Value
$12.65 per share

Miscellaneous

Free Float
221,756,000
Market Cap
$9.92 billion
Optionable
Optionable
Beta
0.57

Key Executives

  • Christopher P. MarrChristopher P. Marr
    President, Chief Executive Officer & Trustee
  • Joel D. KeatonJoel D. Keaton
    Chief Operating Officer
  • Timothy M. Martin
    Chief Financial Officer & Treasurer
  • Jeffrey P. FosterJeffrey P. Foster
    Secretary, Chief Legal Officer & Senior VP
  • Josh Schutzer
    Senior Director-Finance & Head-Investor Relations













CUBE Stock - Frequently Asked Questions

Should I buy or sell CubeSmart stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 equities research analysts have issued 1-year price objectives for CubeSmart's shares. Their CUBE share price forecasts range from $41.00 to $58.00. On average, they predict the company's share price to reach $48.57 in the next twelve months. This suggests a possible upside of 10.0% 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 2023. Since then, CUBE shares have increased by 9.7% and is now trading at $44.15.
View the best growth stocks for 2023 here
.

When is CubeSmart's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our CUBE earnings forecast
.

How were CubeSmart's earnings last quarter?

CubeSmart (NYSE:CUBE) posted its quarterly earnings data 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 had revenue of $238.57 million for 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 28.85%. The business's quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the company 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 Wednesday, February 22nd. Stockholders of record on Monday, April 3rd will be paid a dividend of $0.49 per share on Monday, April 17th. This represents a $1.96 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, March 31st.
Read our dividend analysis for CUBE
.

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 4.25%. 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 151.94%. 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 FY 2023 earnings guidance on Thursday, February, 23rd. The company provided earnings per share guidance of $2.64-$2.71 for the period, compared to the consensus EPS estimate of $2.69. 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 a variety of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (5.76%), Norges Bank (3.25%), T. Rowe Price Investment Management Inc. (2.50%), JPMorgan Chase & Co. (2.38%), Price T Rowe Associates Inc. MD (2.13%) and Alliancebernstein L.P. (2.09%). 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 $44.15.

How much money does CubeSmart make?

CubeSmart (NYSE:CUBE) has a market capitalization of $9.92 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 $1.29 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 3/24/2023 by MarketBeat.com Staff