CubeSmart - CUBE Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last twelve months. 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.
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8 analysts have issued 1 year target prices for CubeSmart's shares. Their CUBE share price forecasts range from $50.00 to $58.00. On average, they expect the company's stock price to reach $54.00 in the next twelve months. This suggests a possible upside of 36.4% from the stock's current price.
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CubeSmart's stock was trading at $56.91 at the beginning of 2022. Since then, CUBE stock has decreased by 30.5% and is now trading at $39.58.
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CubeSmart saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 3,840,000 shares, a decrease of 10.9% from the August 15th total of 4,310,000 shares. Based on an average daily volume of 1,260,000 shares, the short-interest ratio is currently 3.0 days.
View CubeSmart's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CUBE earnings forecast.

CubeSmart (NYSE:CUBE) posted its earnings results on Thursday, April, 28th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 26.24% and a trailing twelve-month return on equity of 10.14%. The company's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share.

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 yield of 4.35%. The ex-dividend date of this dividend is Friday, September 30th.
Read our dividend analysis for CUBE.

CubeSmart (NYSE:CUBE) pays an annual dividend of $1.72 per share and currently has a dividend yield of 4.33%. 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 160.75%. 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 63.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CUBE.

CubeSmart updated its FY 2022 earnings guidance on Thursday, September, 1st. The company provided EPS guidance of $2.47-$2.51 for the period. The company issued revenue guidance of -.

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.

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).

CubeSmart trades on the New York Stock Exchange (NYSE) under the ticker symbol "CUBE."

CubeSmart's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (9.13%), Principal Financial Group Inc. (5.50%), Price T Rowe Associates Inc. MD (4.85%), State Street Corp (4.31%), JPMorgan Chase & Co. (2.14%) and Goldman Sachs Group Inc. (1.55%). Insiders that own company stock include Christopher P Marr, Jeffrey P Foster, Jeffrey P Foster, Joel D Keaton and Marianne M Keler.
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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.
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One share of CUBE stock can currently be purchased for approximately $39.58.

CubeSmart (NYSE:CUBE) has a market capitalization of $8.88 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 $1.07 on an earnings per share basis.

The company employs 2,892 workers across the globe.

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 or via fax at 216-274-1360.