CubeSmart (NYSE:CUBE) Price Target Raised to $42.00 at Wells Fargo & Company

CubeSmart (NYSE:CUBE) had its target price hoisted by Wells Fargo & Company from $40.00 to $42.00 in a research report released on Friday, MarketBeat reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the company. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Evercore set a $47.00 price target on shares of CubeSmart in a report on Monday, July 6th. Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Raymond James Financial assumed coverage on shares of CubeSmart in a report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price objective on the stock. Finally, Truist Financial lifted their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.42.

CubeSmart Trading Up 2.6%

NYSE CUBE opened at $42.09 on Friday. CubeSmart has a one year low of $35.09 and a one year high of $42.90. The company has a 50-day simple moving average of $40.55 and a 200-day simple moving average of $39.34. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market capitalization of $9.53 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 7.09 and a beta of 1.08.

CubeSmart (NYSE:CUBE) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.CubeSmart’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. On average, equities analysts forecast that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, July 1st. CubeSmart’s dividend payout ratio is currently 149.30%.

Institutional Trading of CubeSmart

A number of hedge funds have recently made changes to their positions in CUBE. Wiser Advisor Group LLC acquired a new position in CubeSmart in the 3rd quarter valued at approximately $28,000. Geneos Wealth Management Inc. increased its stake in shares of CubeSmart by 174.8% in the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 568 shares during the last quarter. Essential Partners LLC increased its stake in shares of CubeSmart by 594.7% in the first quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 779 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of CubeSmart during the fourth quarter worth $43,000. Finally, SJS Investment Consulting Inc. purchased a new stake in shares of CubeSmart during the first quarter worth $42,000. 97.61% of the stock is 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.