CubeSmart (CUBE) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. 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.
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8 Wall Street research analysts have issued 1 year target prices for CubeSmart's stock. Their CUBE share price forecasts range from $41.00 to $55.00. On average, they anticipate the company's stock price to reach $48.71 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
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CubeSmart's stock was trading at $40.25 at the beginning of the year. Since then, CUBE shares have increased by 12.4% and is now trading at $45.26.
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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 volume of 1,860,000 shares, the days-to-cover ratio is currently 6.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CUBE earnings forecast.

CubeSmart (NYSE:CUBE) announced its 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 analysts' expectations of $240.13 million. CubeSmart had a trailing twelve-month return on equity of 12.38% and a net margin of 34.13%. The business's revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS.

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 4.33%. The ex-dividend date is Friday, June 30th.
Read our dividend analysis for CUBE.

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).

CubeSmart (NYSE:CUBE) pays an annual dividend of $1.96 per share and currently has a dividend yield of 4.43%. 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.

CubeSmart issued an update on 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.

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 many different retail and institutional 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.
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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 $45.26.

CubeSmart (NYSE:CUBE) has a market capitalization of $10.17 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.

The company employs 2,804 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, via email at investors@cubesmart.com, or via fax at 216-274-1360.