Mizuho Cuts CubeSmart (NYSE:CUBE) Price Target to $41.00

CubeSmart (NYSE:CUBE) had its price objective reduced by Mizuho from $42.00 to $41.00 in a research note released on Wednesday, MarketBeat reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the stock. Barclays upgraded shares of CubeSmart from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $45.00 to $46.00 in a research note on Friday, July 10th. UBS Group raised their price target on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Truist Financial lifted their price target on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. KeyCorp reissued a “sector weight” rating on shares of CubeSmart in a report on Tuesday, August 4th. Finally, Wells Fargo & Company raised their target price on CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, CubeSmart presently has an average rating of “Hold” and a consensus price target of $43.45.

CubeSmart Stock Down 0.6%

Shares of NYSE:CUBE opened at $39.51 on Wednesday. CubeSmart has a 1 year low of $35.09 and a 1 year high of $43.26. The company has a market capitalization of $8.90 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 6.54 and a beta of 1.05. The business has a fifty day moving average price of $40.96 and a two-hundred day moving average price of $39.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07.

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). The company had revenue of $286.49 million during the quarter, compared to analysts’ expectations of $281.12 million. CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.CubeSmart’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. Analysts forecast that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its stake in CubeSmart by 143.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 941 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 554 shares in the last quarter. Corient Private Wealth LP lifted its position in shares of CubeSmart by 263.0% during the second quarter. Corient Private Wealth LP now owns 161,619 shares of the real estate investment trust’s stock worth $6,428,000 after acquiring an additional 117,093 shares in the last quarter. Amundi boosted its holdings in shares of CubeSmart by 1.8% in the second quarter. Amundi now owns 135,608 shares of the real estate investment trust’s stock worth $5,393,000 after acquiring an additional 2,388 shares during the period. Brown Financial Advisors boosted its holdings in shares of CubeSmart by 5.4% in the second quarter. Brown Financial Advisors now owns 6,516 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 336 shares during the period. Finally, HighTower Advisors LLC grew its position in shares of CubeSmart by 0.5% in the second quarter. HighTower Advisors LLC now owns 59,947 shares of the real estate investment trust’s stock valued at $2,384,000 after purchasing an additional 281 shares in the last quarter. 97.61% of the stock is 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.