CubeSmart - CUBE Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last year. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CUBE shares.
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8 equities research analysts have issued 1-year price objectives for CubeSmart's shares. Their CUBE share price forecasts range from $41.00 to $58.00. On average, they predict the company's share price to reach $48.57 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
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CubeSmart's stock was trading at $40.25 at the beginning of 2023. Since then, CUBE shares have increased by 9.7% and is now trading at $44.15.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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CubeSmart (NYSE:CUBE) posted 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 28.85%. The business's quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share.

CubeSmart declared a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Monday, April 3rd will be paid a dividend of $0.49 per share on Monday, April 17th. This represents a $1.96 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, March 31st.
Read our dividend analysis for CUBE.

ETFs with the largest weight of CubeSmart (NYSE:CUBE) stock in their portfolio include Nuveen Short-Term REIT ETF (NURE), Janus Henderson U.S. Real Estate ETF (JRE), Pacer Industrial Real Estate ETF (INDS), Principal Real Estate Active Opportunities ETF (BYRE), Fidelity Real Estate Investment ETF (FPRO), iShares Residential and Multisector Real Estate ETF (REZ), Invesco Real Assets ESG ETF (IVRA) and ETFB Green SRI REITs ETF (RITA).

CubeSmart (NYSE:CUBE) pays an annual dividend of $1.96 per share and currently has a dividend yield of 4.25%. 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 151.94%. 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 68.53% 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 FY 2023 earnings guidance on Thursday, February, 23rd. The company provided earnings per share guidance of $2.64-$2.71 for the period, compared to the consensus EPS estimate of $2.69. 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 variety of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (5.76%), Norges Bank (3.25%), T. Rowe Price Investment Management Inc. (2.50%), JPMorgan Chase & Co. (2.38%), Price T Rowe Associates Inc. MD (2.13%) and Alliancebernstein L.P. (2.09%). 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 $44.15.

CubeSmart (NYSE:CUBE) has a market capitalization of $9.92 billion and generates $1.01 billion in revenue each year. The real estate investment trust earns $291.26 million in net income (profit) each year or $1.29 on an earnings per share basis.

The company employs 2,804 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.