KeyCorp Reaffirms Sector Weight Rating for CubeSmart (NYSE:CUBE)

CubeSmart (NYSE:CUBE)‘s stock had its “sector weight” rating restated by research analysts at KeyCorp in a research report issued on Monday, MarketBeat.com reports. KeyCorp also issued estimates for CubeSmart’s FY2025 earnings at $2.60 EPS, Q1 2026 earnings at $0.64 EPS, Q2 2026 earnings at $0.65 EPS, Q3 2026 earnings at $0.66 EPS, Q4 2026 earnings at $0.67 EPS, FY2026 earnings at $2.62 EPS and FY2027 earnings at $2.69 EPS.

A number of other equities research analysts also recently weighed in on CUBE. Evercore ISI lowered their target price on shares of CubeSmart from $49.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Royal Bank Of Canada decreased their price target on shares of CubeSmart from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Citigroup lowered their price objective on shares of CubeSmart from $45.00 to $43.00 and set a “neutral” rating on the stock in a research report on Monday, August 25th. Barclays dropped their price objective on shares of CubeSmart from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $45.94.

CubeSmart Price Performance

NYSE:CUBE opened at $37.25 on Monday. CubeSmart has a 52-week low of $34.24 and a 52-week high of $50.69. The stock has a fifty day moving average of $40.25 and a 200 day moving average of $41.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 8.91 and a beta of 0.99.

CubeSmart (NYSE:CUBE) last announced its earnings results on Friday, October 31st. The real estate investment trust reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. The business had revenue of $285.08 million for the quarter, compared to analyst estimates of $282.57 million. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. On average, research analysts expect that CubeSmart will post 2.64 EPS for the current fiscal year.

Institutional Trading of CubeSmart

Several institutional investors have recently added to or reduced their stakes in CUBE. Securian Asset Management Inc. increased its holdings in shares of CubeSmart by 1.5% in the second quarter. Securian Asset Management Inc. now owns 17,360 shares of the real estate investment trust’s stock worth $738,000 after buying an additional 264 shares during the period. Cetera Investment Advisers grew its position in CubeSmart by 1.6% during the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after acquiring an additional 265 shares during the last quarter. Moran Wealth Management LLC grew its position in CubeSmart by 0.9% during the 2nd quarter. Moran Wealth Management LLC now owns 31,522 shares of the real estate investment trust’s stock worth $1,340,000 after acquiring an additional 270 shares during the last quarter. Covestor Ltd increased its stake in CubeSmart by 22.8% in the 1st quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 292 shares during the period. Finally, UniSuper Management Pty Ltd increased its stake in CubeSmart by 0.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 63,200 shares of the real estate investment trust’s stock worth $2,699,000 after purchasing an additional 300 shares during the period. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

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.