CubeSmart - CUBE Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 2 hold ratings, 3 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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6 Wall Street research analysts have issued 12-month price objectives for CubeSmart's stock. Their CUBE share price forecasts range from $48.00 to $58.00. On average, they predict the company's share price to reach $53.00 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price.
View analysts price targets for CUBE or view top-rated stocks among Wall Street analysts.

CubeSmart's stock was trading at $56.91 at the start of the year. Since then, CUBE shares have decreased by 11.1% and is now trading at $50.59.
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CubeSmart saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,470,000 shares, an increase of 9.6% from the July 15th total of 4,080,000 shares. Based on an average daily volume of 1,530,000 shares, the short-interest ratio is presently 2.9 days. Approximately 2.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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CubeSmart (NYSE:CUBE) posted its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.17 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 analysts' expectations of $240.13 million. CubeSmart had a net margin of 26.24% and a trailing twelve-month return on equity of 10.14%. CubeSmart's revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS.

CubeSmart announced a quarterly dividend on Tuesday, July 26th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.43 per share on Monday, October 17th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date 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 3.40%. 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 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 65.65% 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 FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (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 number of institutional and retail investors. Top institutional investors include FMR LLC (9.13%), Principal Financial Group Inc. (5.50%), JPMorgan Chase & Co. (2.14%), Sumitomo Mitsui Trust Holdings Inc. (0.87%), Aew Capital Management L P (0.78%) and Northern Trust Corp (0.64%). 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 $50.59.

CubeSmart (NYSE:CUBE) has a market capitalization of $11.35 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.