CubeSmart (NYSE:CUBE) Rating Lowered to Sell at Wall Street Zen

CubeSmart (NYSE:CUBE) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of CubeSmart from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Monday, August 4th. Wolfe Research initiated coverage on shares of CubeSmart in a research report on Monday, May 19th. They set an “outperform” rating and a $48.00 price objective for the company. Evercore ISI cut their price objective on shares of CubeSmart from $48.00 to $47.00 and set an “in-line” rating for the company in a research report on Monday, August 4th. Truist Financial raised their price objective on shares of CubeSmart from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Finally, BMO Capital Markets upgraded shares of CubeSmart from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $48.00 to $49.00 in a research report on Friday, June 20th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, CubeSmart has an average rating of “Hold” and a consensus target price of $46.20.

CubeSmart Price Performance

CubeSmart stock opened at $41.23 on Friday. CubeSmart has a 12-month low of $34.24 and a 12-month high of $55.14. The stock has a market cap of $9.40 billion, a P/E ratio of 25.14, a PEG ratio of 9.27 and a beta of 0.94. The company has a 50-day moving average price of $40.69 and a 200 day moving average price of $41.26. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.18.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The firm had revenue of $282.30 million during the quarter, compared to analysts’ expectations of $275.71 million. During the same period last year, the business earned $0.64 earnings per share. CubeSmart’s revenue was up 6.0% compared to the same quarter last year. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. Sell-side analysts anticipate that CubeSmart will post 2.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CUBE. True Wealth Design LLC grew its holdings in shares of CubeSmart by 308.2% in the second quarter. True Wealth Design LLC now owns 694 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 524 shares in the last quarter. Allworth Financial LP grew its holdings in shares of CubeSmart by 115.2% in the first quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 501 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of CubeSmart by 174.8% in the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 568 shares in the last quarter. Covestor Ltd grew its holdings in shares of CubeSmart by 22.8% in the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 292 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of CubeSmart by 1,776.1% in the second quarter. Hantz Financial Services Inc. now owns 1,651 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,563 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

About CubeSmart

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, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.