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CubeSmart - CUBE Stock Forecast, Price & News

$50.59
-0.02 (-0.04%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$50.41
$50.82
50-Day Range
$38.87
$50.61
52-Week Range
$38.67
$57.34
Volume
1.28 million shs
Average Volume
1.58 million shs
Market Capitalization
$11.35 billion
P/E Ratio
47.28
Dividend Yield
3.40%
Price Target
$53.00

CubeSmart MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
4.8% Upside
$53.00 Price Target
Short Interest
Healthy
2.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.06mentions of CubeSmart in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.22%
From $2.49 to $2.62 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Finance Sector

690th out of 926 stocks

Real Estate Investment Trusts Industry

130th out of 195 stocks

CUBE stock logo

About CubeSmart (NYSE:CUBE) Stock

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

CubeSmart Stock Up 2.3 %

Shares of NYSE:CUBE opened at $50.61 on Monday. The firm's fifty day moving average is $43.43 and its 200 day moving average is $47.03. CubeSmart has a 52 week low of $38.67 and a 52 week high of $57.34. The company has a quick ratio of 0.05, a current ratio of 0.04 and a debt-to-equity ratio of 1.09. The company has a market cap of $11.36 billion, a price-to-earnings ratio of 47.30, a PEG ratio of 2.68 and a beta of 0.50.

CubeSmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, September 30th. CubeSmart's payout ratio is 160.75%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CUBE shares. TheStreet upgraded CubeSmart from a "c+" rating to a "b-" rating in a report on Friday, August 5th. StockNews.com upgraded shares of CubeSmart from a "sell" rating to a "hold" rating in a research report on Wednesday, August 3rd. Truist Financial decreased their price target on shares of CubeSmart from $55.00 to $48.00 and set a "na" rating on the stock in a research note on Monday, May 16th. Jefferies Financial Group cut their price objective on shares of CubeSmart from $66.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, June 30th. Finally, Raymond James upgraded shares of CubeSmart from an "outperform" rating to a "strong-buy" rating and decreased their target price for the stock from $60.00 to $52.00 in a research report on Monday, May 23rd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.00.

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CUBE Stock News Headlines

CubeSmart (NYSE:CUBE) Stock Rating Upgraded by StockNews.com
Brokerages Set CubeSmart (NYSE:CUBE) Target Price at $53.00
CubeSmart (NYSE:CUBE) Downgraded to Sell at StockNews.com
CubeSmart Declares Third Quarter 2022 Dividend
CubeSmart (NYSE:CUBE) Sees Strong Trading Volume
See More Headlines
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CUBE Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 7/15 Dividend
6/30/2022
Dividend Payable
7/15/2022
Today
8/15/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
22966310
Employees
2,892
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$53.00
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+4.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$223.48 million
Pretax Margin
26.75%

Debt

Sales & Book Value

Annual Sales
$657.81 million
Cash Flow
$2.29 per share
Book Value
$13.21 per share

Miscellaneous

Free Float
221,565,000
Market Cap
$11.35 billion
Optionable
Optionable
Beta
0.50














CUBE Stock - Frequently Asked Questions

Should I buy or sell CubeSmart stock right now?

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

What is CubeSmart's stock price forecast for 2022?

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.

How have CUBE shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting CubeSmart?

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.
View CubeSmart's Short Interest
.

When is CubeSmart's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CUBE earnings forecast
.

How were CubeSmart's earnings last quarter?

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.

How often does CubeSmart pay dividends? What is the dividend yield for CubeSmart?

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
.

Is CubeSmart a good dividend stock?

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.

What guidance has CubeSmart issued on next quarter's earnings?

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 -.

What is Christopher P. Marr's approval rating as CubeSmart's CEO?

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.

What other stocks do shareholders of CubeSmart own?

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).

What is CubeSmart's stock symbol?

CubeSmart trades on the New York Stock Exchange (NYSE) under the ticker symbol "CUBE."

Who are CubeSmart's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of CubeSmart?

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.
Compare Top Brokerages Here.

What is CubeSmart's stock price today?

One share of CUBE stock can currently be purchased for approximately $50.59.

How much money does CubeSmart make?

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.

How many employees does CubeSmart have?

The company employs 2,892 workers across the globe.

How can I contact CubeSmart?

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.

This page (NYSE:CUBE) was last updated on 8/15/2022 by MarketBeat.com Staff

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