CubeSmart (NYSE:CUBE) Reaches New 1-Year High – Here’s What Happened

CubeSmart (NYSE:CUBE) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $42.66 and last traded at $42.5750, with a volume of 41196 shares. The stock had previously closed at $42.07.

Analyst Upgrades and Downgrades

CUBE has been the subject of several recent analyst reports. Raymond James Financial started coverage on CubeSmart in a research note on Wednesday. They issued an “outperform” rating and a $44.00 price target for the company. Mizuho upped their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Evercore set a $47.00 target price on shares of CubeSmart in a research note on Monday, July 6th. Finally, Barclays upgraded shares of CubeSmart from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, CubeSmart has an average rating of “Hold” and an average price target of $43.25.

CubeSmart Stock Performance

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 price is $40.40 and its two-hundred day moving average price is $39.15. The company has a market cap of $9.50 billion, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 7.23 and a beta of 1.08.

CubeSmart (NYSE:CUBE) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping 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 in the previous year, the firm earned $0.64 EPS. The business’s revenue for the quarter 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. As a group, equities analysts forecast that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.1%. CubeSmart’s dividend payout ratio is currently 149.30%.

Institutional Investors Weigh In On CubeSmart

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc lifted its holdings in shares of CubeSmart by 16.3% during the fourth quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust’s stock valued at $49,808,000 after purchasing an additional 193,467 shares during the last quarter. Cadence Bank purchased a new position in CubeSmart in the 4th quarter worth about $4,043,000. Lasalle Investment Management Securities LLC increased its stake in CubeSmart by 3.0% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust’s stock worth $38,947,000 after purchasing an additional 31,187 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in CubeSmart by 2,806.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 228,407 shares of the real estate investment trust’s stock worth $8,234,000 after buying an additional 220,549 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in CubeSmart during the third quarter valued at about $8,171,000. Institutional investors and hedge funds 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.