Raymond James Financial Upgrades CubeSmart (NYSE:CUBE) to “Moderate Buy”

CubeSmart (NYSE:CUBE) was upgraded by equities research analysts at Raymond James Financial to a “moderate buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on CUBE. Truist Financial raised their price objective on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Mizuho upped their target price on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Evercore set a $47.00 target price on shares of CubeSmart in a research note on Monday, July 6th. Barclays upgraded shares of CubeSmart from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $45.00 to $46.00 in a report on Friday, July 10th. Finally, Scotiabank raised shares of CubeSmart to a “hold” rating in a research report on Thursday, March 19th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.25.

CubeSmart Stock Performance

Shares of CubeSmart stock opened at $42.02 on Wednesday. The company has a market cap of $9.51 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 6.99 and a beta of 1.08. CubeSmart has a 52 week low of $35.09 and a 52 week high of $42.64. The business has a 50 day moving average price of $40.37 and a 200-day moving average price of $39.13. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29.

CubeSmart (NYSE:CUBE) last posted 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. The company had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $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. Equities analysts anticipate that CubeSmart will post 2.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CubeSmart

Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers raised its holdings in shares of CubeSmart by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after purchasing an additional 265 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in CubeSmart by 4.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,964 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 269 shares during the period. Fifth Third Bancorp increased its position in CubeSmart by 12.5% in the first quarter. Fifth Third Bancorp now owns 2,608 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 289 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in CubeSmart by 15.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,204 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 295 shares during the last quarter. Finally, Pacific Sun Financial Corp raised its stake in shares of CubeSmart by 6.6% in the third quarter. Pacific Sun Financial Corp now owns 5,022 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 310 shares during the period. 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.