Wells Fargo & Company Issues Positive Forecast for CubeSmart (NYSE:CUBE) Stock Price

CubeSmart (NYSE:CUBE) had its price target raised by analysts at Wells Fargo & Company from $40.00 to $42.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 2.26% from the stock’s current price.

CUBE has been the topic of several other reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $46.00 target price on shares of CubeSmart in a research report on Monday, May 4th. Raymond James Financial started coverage on CubeSmart in a report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price target for the company. Mizuho increased 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. Barclays raised shares of CubeSmart from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Finally, Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. 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, the stock has an average rating of “Hold” and a consensus price target of $43.42.

CubeSmart Stock Down 0.1%

CUBE stock opened at $41.07 on Friday. The company has a 50 day moving average price of $40.47 and a two-hundred day moving average price of $39.32. 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 stock has a market capitalization of $9.30 billion, a P/E ratio of 28.92, a PEG ratio of 7.11 and a beta of 1.08. CubeSmart has a one year low of $35.09 and a one year high of $42.90.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The company had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. During the same quarter in the prior year, the company posted $0.64 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. 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, sell-side analysts expect that CubeSmart will post 2.57 EPS for the current year.

Hedge Funds Weigh In On CubeSmart

A number of institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in CubeSmart during the fourth quarter worth about $395,968,000. Millennium Management LLC grew its holdings in shares of CubeSmart by 201.5% during the 4th quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock worth $98,763,000 after purchasing an additional 1,830,993 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of CubeSmart by 36.4% during the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock valued at $174,185,000 after purchasing an additional 1,143,464 shares during the period. Hsbc Holdings PLC raised its stake in shares of CubeSmart by 73.6% in the fourth quarter. Hsbc Holdings PLC now owns 1,726,419 shares of the real estate investment trust’s stock valued at $62,260,000 after purchasing an additional 731,883 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in CubeSmart by 3,255.9% in the fourth quarter. SG Americas Securities LLC now owns 739,382 shares of the real estate investment trust’s stock worth $26,655,000 after purchasing an additional 717,350 shares during the period. 97.61% of the stock is currently owned by 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.