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

Shares of CubeSmart (NYSE:CUBE) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $45.9375.

Several equities research analysts have commented on the company. Wall Street Zen cut CubeSmart from a “hold” rating to a “sell” rating in a research note on Saturday. Evercore ISI cut their target price on CubeSmart from $49.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft set a $45.00 target price on CubeSmart and gave the company a “buy” rating in a research note on Monday, October 13th. UBS Group cut their target price on CubeSmart from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, October 8th.

CubeSmart Stock Up 1.1%

NYSE:CUBE opened at $37.42 on Wednesday. CubeSmart has a 1 year low of $34.24 and a 1 year high of $50.69. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.18. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 8.91 and a beta of 0.96. The stock has a 50-day moving average price of $40.59 and a two-hundred day moving average price of $41.22.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. HighTower Advisors LLC lifted its holdings in CubeSmart by 19.9% during the 1st quarter. HighTower Advisors LLC now owns 37,160 shares of the real estate investment trust’s stock worth $1,587,000 after purchasing an additional 6,179 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in CubeSmart by 63.7% during the 1st quarter. MetLife Investment Management LLC now owns 219,496 shares of the real estate investment trust’s stock worth $9,375,000 after purchasing an additional 85,414 shares during the last quarter. Jump Financial LLC acquired a new stake in CubeSmart during the 1st quarter worth approximately $824,000. Charles Schwab Investment Management Inc. lifted its holdings in CubeSmart by 1.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,183,271 shares of the real estate investment trust’s stock worth $135,958,000 after purchasing an additional 58,564 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in CubeSmart by 4.3% during the 1st quarter. Northern Trust Corp now owns 3,920,931 shares of the real estate investment trust’s stock worth $167,463,000 after purchasing an additional 162,068 shares during the last quarter. 97.61% of the stock is 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.