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.
View CUBE analyst ratings or view top-rated stocks.

8 analysts have issued 1-year target prices for CubeSmart's stock. Their CUBE share price forecasts range from $41.00 to $58.00. On average, they anticipate the company's share price to reach $48.43 in the next twelve months. This suggests a possible upside of 4.1% 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 $40.25 at the start of the year. Since then, CUBE shares have increased by 15.6% and is now trading at $46.52.
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CubeSmart saw a increase in short interest in 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 trading volume of 2,400,000 shares, the days-to-cover ratio is presently 5.1 days.
View CubeSmart's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CUBE earnings forecast.

CubeSmart will be holding an earnings conference call on Friday, February 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 226-828-7578 with passcode "997167".

CubeSmart (NYSE:CUBE) released its quarterly earnings data 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 had revenue of $238.57 million for 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 period in the previous year, the company posted $0.47 earnings per share.

CubeSmart declared 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 4.21%. The ex-dividend date is Friday, December 30th. This is a boost 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 4.18%. 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.

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 institutional and retail investors. Top institutional shareholders include Lasalle Investment Management Securities LLC (1.31%), 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%) and Davidson Investment Advisors (0.12%). Insiders that own company stock include Christopher P Marr, Jeffrey P Foster, Jeffrey P Foster, Joel D Keaton and Marianne M Keler.
View institutional ownership trends.

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 $46.52.

CubeSmart (NYSE:CUBE) has a market capitalization of $10.45 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.