Brokerages Set CubeSmart (NYSE:CUBE) Target Price at $43.18

CubeSmart (NYSE:CUBE) has been assigned an average rating of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $43.25.

A number of equities analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday. Truist Financial lifted their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Evercore set a $47.00 price objective on CubeSmart in a report on Monday, July 6th. Wells Fargo & Company increased their target price on CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $46.00 target price on shares of CubeSmart in a report on Monday, May 4th.

CubeSmart Stock Performance

Shares of NYSE CUBE opened at $41.96 on Monday. The company has a market cap of $9.50 billion, a P/E ratio of 29.55, a P/E/G ratio of 7.25 and a beta of 1.08. CubeSmart has a 52-week low of $35.09 and a 52-week high of $42.90. 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 firm’s fifty day moving average is $40.40 and its two-hundred day moving average is $39.17.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $281.93 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm 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 anticipate that CubeSmart will post 2.57 EPS for the current fiscal 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 given a dividend of $0.53 per share. The ex-dividend date was Wednesday, July 1st. This represents a $2.12 annualized dividend and a yield of 5.1%. CubeSmart’s dividend payout ratio (DPR) is 149.30%.

Institutional Trading of CubeSmart

A number of large investors have recently made changes to their positions in CUBE. Royal Bank of Canada increased its stake in CubeSmart by 1.3% during the first quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust’s stock worth $7,429,000 after acquiring an additional 2,284 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of CubeSmart by 944.3% in the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust’s stock valued at $303,000 after purchasing an additional 6,412 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of CubeSmart by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust’s stock valued at $20,684,000 after purchasing an additional 19,476 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of CubeSmart in the 1st quarter worth approximately $270,000. Finally, Cetera Investment Advisers boosted 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. 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.