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

Shares of CubeSmart (NYSE:CUBE) have earned an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.3333.

A number of equities analysts have recently issued reports on CUBE shares. Barclays increased their price target on CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Mizuho increased their price target on CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. BNP Paribas Exane upgraded CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective for the company in a research note on Wednesday, March 18th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $46.00 price objective on shares of CubeSmart in a research note on Monday, May 4th.

Insider Buying and Selling at CubeSmart

In related news, insider Jeffrey P. Foster sold 23,148 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total transaction of $949,530.96. Following the completion of the sale, the insider directly owned 205,057 shares in the company, valued at $8,411,438.14. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On CubeSmart

A number of hedge funds have recently made changes to their positions in CUBE. Norges Bank purchased a new stake in shares of CubeSmart during the 4th quarter worth $395,968,000. Millennium Management LLC raised its stake in CubeSmart by 201.5% in the fourth quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock valued at $98,763,000 after buying an additional 1,830,993 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in CubeSmart by 36.4% in the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock valued at $174,185,000 after buying an additional 1,143,464 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in CubeSmart by 37.3% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,364,619 shares of the real estate investment trust’s stock valued at $136,805,000 after buying an additional 914,884 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in CubeSmart by 73.6% in the fourth quarter. Hsbc Holdings PLC now owns 1,726,419 shares of the real estate investment trust’s stock valued at $62,260,000 after buying an additional 731,883 shares during the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

CubeSmart Price Performance

CUBE opened at $40.57 on Friday. CubeSmart has a 12-month low of $35.09 and a 12-month high of $44.13. 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 business’s fifty day simple moving average is $38.82 and its 200-day simple moving average is $38.10. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 6.93 and a beta of 1.11.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $275.25 million. During the same quarter in the prior year, the company earned $0.64 EPS. The business’s revenue 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. On average, equities research analysts anticipate that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, July 1st. CubeSmart’s dividend payout ratio is 149.30%.

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.