CubeSmart (NYSE:CUBE) Receives Consensus Rating of “Hold” from Analysts

Shares of CubeSmart (NYSE:CUBE) have earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $44.1333.

CUBE has been the subject of a number of research analyst reports. UBS Group dropped their price objective on shares of CubeSmart from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. KeyCorp reissued a “sector weight” rating on shares of CubeSmart in a research report on Monday, November 10th. Deutsche Bank Aktiengesellschaft lowered shares of CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a report on Tuesday, January 20th. Wolfe Research cut shares of CubeSmart from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 26th. Finally, Evercore cut their price objective on CubeSmart from $49.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd.

CubeSmart Price Performance

Shares of CUBE opened at $38.93 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.22. CubeSmart has a twelve month low of $34.24 and a twelve month high of $44.13. The firm has a market capitalization of $8.88 billion, a PE ratio of 24.95, a P/E/G ratio of 11.93 and a beta of 1.12. The stock’s 50 day moving average is $37.33 and its two-hundred day moving average is $38.64.

CubeSmart Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a dividend of $0.53 per share. This is a boost from CubeSmart’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.12 annualized dividend and a yield of 5.4%. CubeSmart’s dividend payout ratio is presently 135.90%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wiser Advisor Group LLC purchased a new stake in CubeSmart during the 3rd quarter worth $28,000. True Wealth Design LLC boosted its position in CubeSmart by 308.2% in the 2nd quarter. True Wealth Design LLC now owns 694 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 524 shares during the last quarter. Private Trust Co. NA grew its stake in shares of CubeSmart by 209.6% during the third quarter. Private Trust Co. NA now owns 706 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 478 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 568 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of CubeSmart by 43.3% during the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 295 shares during the last quarter. 97.61% of the stock is 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.