CubeSmart - CUBE Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last twelve months. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CUBE shares.
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7 brokers have issued 1 year price targets for CubeSmart's shares. Their CUBE share price forecasts range from $45.00 to $58.00. On average, they anticipate the company's share price to reach $52.83 in the next twelve months. This suggests a possible upside of 31.9% 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 29.6% and is now trading at $40.07.
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CubeSmart saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 7,610,000 shares, an increase of 14.3% from the October 31st total of 6,660,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the short-interest ratio is currently 5.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CUBE earnings forecast.

CubeSmart (NYSE:CUBE) released its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported $0.17 earnings per share (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 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%. CubeSmart's quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter 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 dividend yield of 4.29%. 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 4.26%. 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 150.88%. 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 63.94% 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 EPS guidance of $0.65-$0.66 for the period, compared to the consensus earnings per share 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.38%), BlackRock Inc. (7.01%), State Street Corp (4.24%), Cohen & Steers Inc. (3.64%), Price T Rowe Associates Inc. MD (2.38%) and Alliancebernstein L.P. (1.95%). 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 $40.07.

CubeSmart (NYSE:CUBE) has a market capitalization of $9.00 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.