CubeSmart (NYSE:CUBE) Receives $43.18 Average Price Target from Analysts

Shares of CubeSmart (NYSE:CUBE) have received an average rating of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $43.25.

Several research firms recently commented on CUBE. UBS Group raised their price target on shares of CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $46.00 price objective on shares of CubeSmart in a research report on Monday, May 4th. Truist Financial increased their target price on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Mizuho raised their target price on CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday.

Institutional Trading of CubeSmart

Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc raised its position in shares of CubeSmart by 16.3% in 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 buying an additional 193,467 shares during the last quarter. Cadence Bank acquired a new position in CubeSmart during the fourth quarter worth about $4,043,000. Lasalle Investment Management Securities LLC grew its stake in CubeSmart by 3.0% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust’s stock valued at $38,947,000 after acquiring an additional 31,187 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake 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 valued at $8,234,000 after acquiring an additional 220,549 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in CubeSmart by 3,255.9% in the 4th quarter. SG Americas Securities LLC now owns 739,382 shares of the real estate investment trust’s stock valued at $26,655,000 after acquiring an additional 717,350 shares during the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

CubeSmart Trading Down 0.3%

Shares of NYSE:CUBE opened at $41.96 on Monday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. CubeSmart has a 12-month low of $35.09 and a 12-month high of $42.90. The business has a 50 day moving average of $40.40 and a two-hundred day moving average of $39.15. The company has a market capitalization of $9.50 billion, a PE ratio of 29.55, a PEG ratio of 7.26 and a beta of 1.08.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data 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. The business had revenue of $281.93 million for the quarter, compared to analysts’ expectations of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS. 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, analysts forecast that CubeSmart will post 2.58 EPS for the current year.

CubeSmart Dividend Announcement

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

About CubeSmart

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.