CubeSmart (NYSE:CUBE) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of CubeSmart (NYSE:CUBE) to a moderate buy rating in a report published on Wednesday morning,Zacks.com reports.

Several other analysts have also recently weighed in on CUBE. Evercore set a $47.00 price objective on shares of CubeSmart in a research report on Monday, July 6th. Wells Fargo & Company upped their target price on shares of CubeSmart from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Truist Financial increased their target price on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Royal Bank Of Canada restated an “outperform” rating and set a $46.00 price target on shares of CubeSmart in a research report on Monday, May 4th. Finally, Scotiabank raised CubeSmart to a “hold” rating in a research note on Thursday, March 19th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.25.

CubeSmart Stock Down 0.3%

CUBE stock opened at $41.96 on Wednesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $40.40 and its 200 day moving average is $39.15. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 7.26 and a beta of 1.08. CubeSmart has a 1-year low of $35.09 and a 1-year high of $42.90.

CubeSmart (NYSE:CUBE) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The business had revenue of $281.93 million for the quarter, compared to the consensus estimate of $275.25 million. During the same period last year, the firm posted $0.64 earnings per share. CubeSmart’s quarterly revenue was up 3.3% on a year-over-year basis. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Sell-side analysts predict that CubeSmart will post 2.58 EPS for the current fiscal year.

CubeSmart Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is presently 149.30%.

Institutional Trading of CubeSmart

Several institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of CubeSmart in the fourth quarter worth about $395,968,000. Geode Capital Management LLC boosted its holdings in CubeSmart by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock valued at $169,975,000 after acquiring an additional 52,207 shares during the period. Alyeska Investment Group L.P. boosted its holdings in CubeSmart by 36.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock valued at $174,185,000 after acquiring an additional 1,143,464 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its holdings in CubeSmart by 3.1% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust’s stock valued at $125,084,000 after acquiring an additional 105,105 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in CubeSmart by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,412,567 shares of the real estate investment trust’s stock worth $123,023,000 after acquiring an additional 171,539 shares during the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

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.