Brokerages Set CubeSmart (NYSE:CUBE) Target Price at $43.50

Shares of CubeSmart (NYSE:CUBE) have received an average rating of “Hold” from the fifteen brokerages that are currently 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 1-year price target among brokers that have updated their coverage on the stock in the last year is $43.50.

Several research analysts recently weighed in on the company. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Raymond James Financial started coverage on CubeSmart in a research report on Wednesday, July 15th. They set an “outperform” rating and a $44.00 price target for the company. Royal Bank Of Canada restated an “outperform” rating and set a $47.00 price target on shares of CubeSmart in a research note on Tuesday, August 4th. Truist Financial raised their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, UBS Group lifted their price objective on CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 10th.

CubeSmart Price Performance

CUBE opened at $41.80 on Friday. CubeSmart has a 1 year low of $35.09 and a 1 year high of $43.26. The company’s 50 day simple moving average is $41.11 and its 200 day simple moving average is $39.71. The stock has a market capitalization of $9.41 billion, a PE ratio of 28.83, a P/E/G ratio of 6.78 and a beta of 1.07. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current 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 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.25). The company had revenue of $286.49 million for the quarter, compared to analyst estimates of $281.12 million. CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. As a group, sell-side analysts expect that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s dividend payout ratio is 146.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cadence Bank purchased a new stake in shares of CubeSmart during the fourth quarter valued at approximately $4,043,000. Legal & General Group Plc raised its stake in shares of CubeSmart by 16.3% in the 4th quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust’s stock valued at $49,808,000 after purchasing an additional 193,467 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in CubeSmart by 2,806.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 228,407 shares of the real estate investment trust’s stock valued at $8,234,000 after buying an additional 220,549 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its holdings in CubeSmart by 3.0% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust’s stock worth $38,947,000 after buying an additional 31,187 shares during the last quarter. Finally, M&T Bank Corp bought a new position in CubeSmart during the 4th quarter worth approximately $1,036,000. 97.61% of the stock is owned by institutional investors and hedge funds.

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.