CubeSmart (NYSE:CUBE) Given Average Recommendation of “Hold” by Brokerages

CubeSmart (NYSE:CUBE) has been given an average rating of “Hold” by the sixteen brokerages that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $46.2667.

A number of equities research analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of CubeSmart from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, May 19th. Citigroup dropped their price target on shares of CubeSmart from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday, August 25th. Barclays dropped their price target on shares of CubeSmart from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Evercore ISI upgraded shares of CubeSmart from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $47.00 to $48.00 in a research report on Monday. Finally, Royal Bank Of Canada lowered 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.

CubeSmart Stock Down 0.8%

NYSE CUBE opened at $40.84 on Tuesday. 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 has a 1-year low of $34.24 and a 1-year high of $55.14. The company has a 50 day moving average of $40.65 and a 200-day moving average of $41.24. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 9.17 and a beta of 0.94.

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

CubeSmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, October 1st. CubeSmart’s payout ratio is currently 126.83%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC raised its position in CubeSmart by 308.2% during 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 stake in shares of CubeSmart by 115.2% during the first quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 501 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 568 shares during the last quarter. Covestor Ltd grew its stake in shares of CubeSmart by 22.8% during the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 292 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of CubeSmart by 1,776.1% during the second quarter. Hantz Financial Services Inc. now owns 1,651 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 1,563 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.

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.