Wall Street Zen Downgrades CubeSmart (NYSE:CUBE) to Sell

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

Several other equities analysts have also recently commented on CUBE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, October 8th. UBS Group reduced their price target on shares of CubeSmart from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. Royal Bank Of Canada reduced their price target on shares of CubeSmart from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Monday, August 4th. Evercore ISI increased their price target on shares of CubeSmart from $48.00 to $49.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Finally, Barclays reduced their price target on shares of CubeSmart from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.06.

CubeSmart Stock Down 3.5%

Shares of CubeSmart stock opened at $37.68 on Friday. The business has a 50-day moving average of $40.71 and a 200-day moving average of $41.22. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06. The company has a market capitalization of $8.59 billion, a PE ratio of 22.97, a P/E/G ratio of 8.91 and a beta of 0.96. CubeSmart has a 1-year low of $34.24 and a 1-year high of $50.69.

CubeSmart (NYSE:CUBE) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The company had revenue of $285.08 million during the quarter, compared to the consensus estimate of $282.57 million. During the same period last year, the firm earned $0.67 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. CubeSmart has set its FY 2025 guidance at 2.560-2.600 EPS. As a group, equities analysts forecast that CubeSmart will post 2.64 EPS for the current fiscal year.

Hedge Funds Weigh In On CubeSmart

A number of large investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC lifted its holdings in CubeSmart by 8.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 27,179 shares of the real estate investment trust’s stock worth $1,105,000 after acquiring an additional 2,009 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in CubeSmart by 5.4% in the third quarter. Retirement Systems of Alabama now owns 639,109 shares of the real estate investment trust’s stock worth $25,986,000 after acquiring an additional 32,697 shares during the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of CubeSmart by 10.4% during the third quarter. Resona Asset Management Co. Ltd. now owns 101,065 shares of the real estate investment trust’s stock valued at $4,104,000 after buying an additional 9,536 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of CubeSmart by 1.3% during the third quarter. UniSuper Management Pty Ltd now owns 64,700 shares of the real estate investment trust’s stock valued at $2,631,000 after buying an additional 800 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of CubeSmart by 28.8% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 20,580 shares of the real estate investment trust’s stock valued at $837,000 after buying an additional 4,604 shares during the last quarter. Institutional investors 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.