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S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Is the US Military Secretly Under Chinese Control? (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
The Coming Copper Bull Run (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Is the US Military Secretly Under Chinese Control? (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
The Coming Copper Bull Run (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Is the US Military Secretly Under Chinese Control? (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
The Coming Copper Bull Run (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric

CubeSmart - CUBE Stock Forecast, Price & News

$50.52
-0.22 (-0.43%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$50.22
$51.08
50-Day Range
$38.87
$50.74
52-Week Range
$38.67
$57.34
Volume
1.09 million shs
Average Volume
1.14 million shs
Market Capitalization
$11.34 billion
P/E Ratio
47.22
Dividend Yield
3.39%
Price Target
$54.00

CubeSmart MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
6.9% Upside
$54.00 Price Target
Short Interest
Healthy
2.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.36mentions of CubeSmart in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.40%
From $2.50 to $2.66 Per Share

Overall MarketRank

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

2.05 out of 5 stars

Finance Sector

680th out of 914 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 Performance

CubeSmart stock traded down $0.22 during mid-day trading on Thursday, reaching $50.52. 1,092,563 shares of the stock traded hands, compared to its average volume of 1,580,390. The stock has a market capitalization of $11.34 billion, a PE ratio of 47.22, a price-to-earnings-growth ratio of 2.69 and a beta of 0.50. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.04 and a quick ratio of 0.04. CubeSmart has a 12-month low of $38.67 and a 12-month high of $57.34. The business's 50-day moving average is $43.87 and its 200-day moving average is $47.08.

CubeSmart Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CUBE shares. Bank of America raised CubeSmart from a "neutral" rating to a "buy" rating in a report on Tuesday, June 21st. StockNews.com raised CubeSmart from a "sell" rating to a "hold" rating in a report on Wednesday, August 3rd. Jefferies Financial Group lowered their price target on CubeSmart from $66.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday, June 30th. Evercore ISI set a $58.00 price target on CubeSmart in a report on Monday, June 20th. Finally, Truist Financial lowered their price target on CubeSmart from $55.00 to $48.00 and set a "na" rating on the stock in a report on Monday, May 16th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CubeSmart currently has an average rating of "Moderate Buy" and an average price target of $54.00.

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CUBE Stock News Headlines

Investors See Opportunity in Huge Global Demand for Lithium
The global lithium market is projected to surge 500% due to a growing need for lithium-filled batteries. And one junior mining company in a renowned location in South America is in the right place at the right time to capitalize on this megatrend.
CubeSmart (NYSE:CUBE) Stock Rating Upgraded by StockNews.com
The Coming Copper Bull Run
Copper prices have nearly doubled since last year -- driven by the explosive growth in electric vehicles and soaring demand for green-powered electricity. But copper demand far outpaces supply. Multinational investment banks are predicting a 50% to 100% rise in copper prices by 2025. And this "backdoor" play may be a move to consider.
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
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
8/19/2022
Ex-Dividend for 10/17 Dividend
9/30/2022
Dividend Payable
10/17/2022
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
$54.00
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+6.9%
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
$2.28 per share
Book Value
$12.65 per share

Miscellaneous

Free Float
221,565,000
Market Cap
$11.34 billion
Optionable
Optionable
Beta
0.50

Key Executives

  • Mr. Christopher P. MarrMr. Christopher P. Marr (Age 57)
    CEO, Pres & Trustee
    Comp: $3.49M
  • Mr. Timothy M. Martin (Age 51)
    CFO & Treasurer
    Comp: $1.56M
  • Mr. Joel D. KeatonMr. Joel D. Keaton (Age 50)
    Chief Operating Officer
    Comp: $1.21M
  • Mr. Jeffrey P. FosterMr. Jeffrey P. Foster (Age 52)
    Sr. VP, Chief Legal Officer & Sec.
    Comp: $1.23M
  • Mr. Charles W. Place
    Director, Investor Relations
  • Mr. Daniel Ruble CFA
    VP of Marketing
  • Mr. Joe Fitzgerald
    VP of Operations
  • Mr. Carey Parsons
    VP of Operations
  • Mr. Guy Middlebrooks
    VP of Third-Party Management
  • Joshua Schutzer
    Director of Financial Analysis













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 analysts have issued 12-month target prices for CubeSmart's shares. Their CUBE share price forecasts range from $48.00 to $58.00. On average, they predict the company's stock price to reach $54.00 in the next year. This suggests a possible upside of 6.9% 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 stock has decreased by 11.2% and is now trading at $50.52.
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 currently 2.9 days. Currently, 2.4% of the company's shares 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) announced its quarterly earnings results 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 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 10.14% and a net margin of 26.24%. The company's revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Investors 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 of this dividend 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 3.39%. 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 updated its FY 2022 earnings guidance on Thursday, August, 18th. The company provided earnings per share 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 variety of retail and institutional investors. Top institutional investors include FMR LLC (9.13%), Principal Financial Group Inc. (5.50%), Price T Rowe Associates Inc. MD (4.85%), State Street Corp (4.31%), JPMorgan Chase & Co. (2.14%) and Goldman Sachs Group Inc. (1.55%). 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 $50.52.

How much money does CubeSmart make?

CubeSmart (NYSE:CUBE) has a market capitalization of $11.34 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 8/19/2022 by MarketBeat.com Staff

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