CubeSmart Stock Forecast, Price & News

CubeSmart's stock was trading at $30.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CUBE shares have increased by 13.3% and is now trading at $34.77.
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10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CubeSmart in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CubeSmart stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CUBE, but not buy additional shares or sell existing shares.
View analyst ratings for CubeSmart or view MarketBeat's top 5 stock picks.

Wall Street analysts have given CubeSmart a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but CubeSmart wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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538 employees have rated CubeSmart CEO Thomas Greco on Glassdoor.com. Thomas Greco has an approval rating of 63% among CubeSmart's employees. This puts Thomas Greco in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

CubeSmart is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for CubeSmart.

CubeSmart (NYSE:CUBE) released its quarterly earnings results on Thursday, November, 5th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.41 by $0.17. The real estate investment trust earned $172.50 million during the quarter, compared to analysts' expectations of $166.66 million. CubeSmart had a net margin of 24.83% and a return on equity of 9.30%. The business's revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share.
View CubeSmart's earnings history.

CubeSmart announced a quarterly dividend on Tuesday, December 8th. Investors of record on Monday, January 4th will be paid a dividend of $0.34 per share on Friday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Thursday, December 31st. This is an increase from CubeSmart's previous quarterly dividend of $0.33.
View CubeSmart's dividend history.

CubeSmart pays an annual dividend of $1.36 per share and currently has a dividend yield of 3.99%. CUBE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. CubeSmart does not yet have a strock track record of dividend growth. The dividend payout ratio of CubeSmart is 80.47%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CubeSmart will have a dividend payout ratio of 76.40% in the coming year. This indicates that CubeSmart may not be able to sustain their current dividend.
View CubeSmart's dividend history.

10 brokerages have issued 1-year target prices for CubeSmart's shares. Their forecasts range from $25.00 to $42.00. On average, they anticipate CubeSmart's share price to reach $33.09 in the next year. This suggests that the stock has a possible downside of 4.8%.
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Some companies that are related to CubeSmart include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Extra Space Storage (EXR), HCP (HCP), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), Life Storage (LSI), Rayonier (RYN), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), Sabra Health Care REIT (SBRA) and PotlatchDeltic (PCH).
View all of CUBE's competitors.

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 Boston Trust Walden Corp (0.43%), Manning & Napier Group LLC (0.06%), OLD National Bancorp IN (0.04%), State of Alaska Department of Revenue (0.03%) and FNY Investment Advisers LLC (0.00%). Company insiders that own CubeSmart stock include Christopher P Marr, Jeffrey P Foster, Marianne M Keler and Timothy M Martin.
View institutional ownership trends for CubeSmart.

CUBE stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC. Company insiders that have sold CubeSmart company stock in the last year include Jeffrey P Foster, and Marianne M Keler.
View insider buying and selling activity for CubeSmart or view top insider-selling stocks.

CUBE stock was acquired by a variety of institutional investors in the last quarter, including OLD National Bancorp IN, State of Alaska Department of Revenue, FNY Investment Advisers LLC, and Boston Trust Walden Corp.
View insider buying and selling activity for CubeSmart or or view top insider-buying stocks.

Shares of CUBE 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.

One share of CUBE stock can currently be purchased for approximately $34.77.

CubeSmart has a market capitalization of $6.79 billion and generates $643.91 million in revenue each year. The real estate investment trust earns $169.12 million in net income (profit) each year or $1.69 on an earnings per share basis. CubeSmart employs 3,011 workers across the globe.

The official website for CubeSmart is www.cubesmart.com.

CubeSmart's mailing address is 5 OLD LANCASTER ROAD, MALVERN PA, 19355. The real estate investment trust can be reached via phone at 610-535-5000.