Analysts Set CubeSmart (NYSE:CUBE) Target Price at $43.55

CubeSmart (NYSE:CUBE) has been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $43.4545.

Several research firms have recently issued reports on CUBE. Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Mizuho decreased their price target on shares of CubeSmart from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday. UBS Group boosted their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Wells Fargo & Company raised their price target on CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Finally, Raymond James Financial began coverage on shares of CubeSmart in a research note on Wednesday, July 15th. They set an “outperform” rating and a $44.00 price target on the stock.

CubeSmart Price Performance

Shares of NYSE CUBE opened at $39.51 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $8.90 billion, a PE ratio of 27.25, a PEG ratio of 6.50 and a beta of 1.05. The stock’s 50 day moving average price is $40.96 and its 200-day moving average price is $39.97. CubeSmart has a twelve month low of $35.09 and a twelve month high of $43.26.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The company had revenue of $286.49 million during the quarter, compared to analysts’ expectations of $281.12 million. During the same period last year, the firm posted $0.65 earnings per share. CubeSmart’s quarterly revenue was up 1.5% compared to the same quarter last year. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. On average, equities analysts anticipate that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a yield of 5.4%. CubeSmart’s dividend payout ratio is presently 146.21%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of CubeSmart during the second quarter valued at approximately $1,349,164,000. Norges Bank purchased a new position in CubeSmart in the 4th quarter worth about $395,968,000. California State Teachers Retirement System lifted its position in CubeSmart by 3,843.6% during the second quarter. California State Teachers Retirement System now owns 10,442,250 shares of the real estate investment trust’s stock valued at $415,288,000 after purchasing an additional 10,177,463 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of CubeSmart in the second quarter worth $288,512,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of CubeSmart during the 2nd quarter valued at about $74,199,000. Hedge funds and other institutional investors own 97.61% of the company’s stock.

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.