CubeSmart (NYSE:CUBE) Receives Average Rating of “Hold” from Brokerages

Shares of CubeSmart (NYSE:CUBE) have been given an average rating of “Hold” by the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $44.7333.

A number of equities research analysts have commented on CUBE shares. UBS Group decreased their price target on CubeSmart from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of CubeSmart in a research note on Monday, December 8th. Deutsche Bank Aktiengesellschaft set a $45.00 price target on shares of CubeSmart and gave the company a “buy” rating in a research note on Monday, October 13th. Barclays decreased their price target on shares of CubeSmart from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Finally, Evercore ISI dropped their price objective on shares of CubeSmart from $49.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd.

CubeSmart Price Performance

Shares of CUBE opened at $39.64 on Monday. The company has a 50 day moving average of $36.59 and a two-hundred day moving average of $39.16. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.22. CubeSmart has a twelve month low of $34.24 and a twelve month high of $44.13. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 8.63 and a beta of 1.11.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. The firm had revenue of $285.08 million during the quarter, compared to analyst estimates of $282.57 million. CubeSmart had a return on equity of 12.49% and a net margin of 33.31%.The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. As a group, analysts predict that CubeSmart will post 2.64 earnings per share for the current fiscal year.

CubeSmart Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were paid a $0.53 dividend. The ex-dividend date was Friday, January 2nd. This is a positive change from CubeSmart’s previous quarterly dividend of $0.52. This represents a $2.12 annualized dividend and a dividend yield of 5.3%. CubeSmart’s dividend payout ratio (DPR) is 135.90%.

Institutional Investors Weigh In On CubeSmart

A number of large investors have recently bought and sold shares of CUBE. Wiser Advisor Group LLC purchased a new position in CubeSmart during the 3rd quarter worth approximately $28,000. True Wealth Design LLC raised its holdings in shares of CubeSmart by 308.2% during the second quarter. True Wealth Design LLC now owns 694 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 524 shares during the last quarter. Private Trust Co. NA lifted its position in CubeSmart by 209.6% during the third quarter. Private Trust Co. NA now owns 706 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 478 shares during the period. Geneos Wealth Management Inc. boosted its holdings in 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 during the last quarter. Finally, Huntington National Bank grew its position in CubeSmart by 43.3% during the 3rd quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 295 shares during the period. Hedge funds and other institutional investors own 97.61% of the company’s stock.

CubeSmart Company Profile

CubeSmart (NYSE: CUBE) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company’s portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart’s facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.