UBS Group Cuts CubeSmart (NYSE:CUBE) Price Target to $42.00

CubeSmart (NYSE:CUBE) had its price target decreased by UBS Group from $45.00 to $42.00 in a report published on Tuesday, Marketbeat Ratings reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on CUBE. Citigroup cut their price objective on shares of CubeSmart from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Monday, August 25th. BNP Paribas Exane initiated coverage on shares of CubeSmart in a research note on Tuesday, June 24th. They issued a “neutral” rating and a $46.00 price objective for the company. Evercore ISI upgraded shares of CubeSmart from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $47.00 to $48.00 in a research note on Monday. Wolfe Research initiated coverage on shares of CubeSmart in a research note on Monday, May 19th. They issued an “outperform” rating and a $48.00 price objective for the company. Finally, Barclays reduced their price objective on shares of CubeSmart from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.00.

CubeSmart Trading Down 1.0%

Shares of CUBE stock opened at $40.81 on Tuesday. The company has a 50 day moving average of $40.57 and a 200-day moving average of $41.23. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.18. CubeSmart has a 12-month low of $34.24 and a 12-month high of $54.67. The firm has a market cap of $9.31 billion, a P/E ratio of 24.88, a PEG ratio of 9.18 and a beta of 0.94.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The company had revenue of $282.30 million during the quarter, compared to analyst estimates of $275.71 million. During the same quarter last year, the business posted $0.64 EPS. CubeSmart’s quarterly revenue was up 6.0% compared to the same quarter last year. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. Sell-side analysts anticipate that CubeSmart will post 2.64 earnings per share for the current year.

CubeSmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart’s dividend payout ratio (DPR) is presently 126.83%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in CubeSmart by 19.9% in the 1st quarter. HighTower Advisors LLC now owns 37,160 shares of the real estate investment trust’s stock valued at $1,587,000 after purchasing an additional 6,179 shares during the period. MetLife Investment Management LLC boosted its holdings in CubeSmart by 63.7% in the 1st quarter. MetLife Investment Management LLC now owns 219,496 shares of the real estate investment trust’s stock valued at $9,375,000 after purchasing an additional 85,414 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in CubeSmart by 140.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 808,440 shares of the real estate investment trust’s stock valued at $34,528,000 after purchasing an additional 472,596 shares during the period. Janney Montgomery Scott LLC bought a new position in CubeSmart in the 1st quarter valued at $821,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in CubeSmart by 1.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,065,101 shares of the real estate investment trust’s stock valued at $212,886,000 after purchasing an additional 72,513 shares during the period. 97.61% of the stock is owned by institutional investors.

CubeSmart Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.