CubeSmart (NYSE:CUBE) Upgraded by Raymond James Financial to Moderate Buy Rating

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

Several other equities analysts have also recently issued reports on CUBE. Truist Financial upped their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Evercore set a $47.00 price target on shares of CubeSmart in a research note on Monday, July 6th. Mizuho increased their price target on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. BNP Paribas Exane upgraded shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Wednesday, March 18th. Finally, UBS Group lifted their price objective on CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.25.

CubeSmart Stock Up 3.9%

CubeSmart stock opened at $42.02 on Wednesday. CubeSmart has a twelve month low of $35.09 and a twelve month high of $42.64. The stock has a 50 day moving average of $40.37 and a two-hundred day moving average of $39.13. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 6.99 and a beta of 1.08.

CubeSmart (NYSE:CUBE) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating 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 business had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’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, research analysts expect that CubeSmart will post 2.58 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC purchased a new stake in shares of CubeSmart during the 3rd quarter worth approximately $28,000. Geneos Wealth Management Inc. grew its holdings in shares of CubeSmart by 174.8% in the 2nd 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 period. Essential Partners LLC increased its stake in CubeSmart by 594.7% in the 1st quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 779 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in CubeSmart in the 4th quarter valued at approximately $43,000. Finally, SJS Investment Consulting Inc. acquired a new position in CubeSmart during the first quarter worth $42,000. 97.61% of the stock is currently owned by institutional investors and hedge funds.

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.