CubeSmart - CUBE Stock Forecast, Price & News

8 Wall Street equities research 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 equities research analysts is that investors should "buy" CUBE shares.
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8 Wall Street research analysts have issued 12-month price targets for CubeSmart's stock. Their CUBE share price forecasts range from $41.00 to $58.00. On average, they expect the company's stock price to reach $48.43 in the next year. This suggests a possible upside of 9.5% from the stock's current price.
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CubeSmart's stock was trading at $40.25 at the start of the year. Since then, CUBE shares have increased by 9.8% and is now trading at $44.21.
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CubeSmart saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 12,260,000 shares, an increase of 51.2% from the December 15th total of 8,110,000 shares. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is currently 5.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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CubeSmart (NYSE:CUBE) announced its quarterly 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 trailing twelve-month return on equity of 10.25% and a net margin of 27.59%. The company's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share.

CubeSmart announced a quarterly dividend on Wednesday, December 7th. Shareholders of record on Tuesday, January 3rd will be given a dividend of $0.49 per share on Tuesday, January 17th. This represents a $1.96 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Friday, December 30th. This is an increase from the stock's previous quarterly dividend of $0.43.
Read our dividend analysis for CUBE.

CubeSmart (NYSE:CUBE) pays an annual dividend of $1.96 per share and currently has a dividend yield of 4.38%. 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 171.93%. 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 72.59% 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 fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of $0.65-$0.66 for the period, compared to the consensus estimate of $0.66. 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 institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.98%), Strs Ohio (0.35%), Boston Trust Walden Corp (0.19%), New York State Common Retirement Fund (0.12%), Gateway Investment Advisers LLC (0.10%) and State of Alaska Department of Revenue (0.06%). 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 $44.21.

CubeSmart (NYSE:CUBE) has a market capitalization of $9.93 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.

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, via email at investors@cubesmart.com, or via fax at 216-274-1360.