CubeSmart Announces Quarterly Dividend of $0.53 (NYSE:CUBE)

CubeSmart (NYSE:CUBE) declared a quarterly dividend on Tuesday, July 28th. Investors of record on Thursday, October 1st will be paid a dividend of 0.53 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, October 1st.

CubeSmart has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. CubeSmart has a dividend payout ratio of 135.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect CubeSmart to earn $2.60 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 81.5%.

CubeSmart Trading Up 0.7%

CubeSmart stock traded up $0.28 during midday trading on Wednesday, reaching $42.78. The stock had a trading volume of 101,083 shares, compared to its average volume of 2,253,179. CubeSmart has a twelve month low of $35.09 and a twelve month high of $43.26. The stock has a market capitalization of $9.69 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 7.31 and a beta of 1.08. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04. The stock’s 50-day simple moving average is $40.68 and its 200 day simple moving average is $39.45.

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, beating analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Analysts expect that CubeSmart will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Mizuho raised their price target on shares of CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Wells Fargo & Company lifted their price target on shares of CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday. Barclays upgraded shares of CubeSmart from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $46.00 in a research note on Friday, July 10th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $46.00 price objective on shares of CubeSmart in a research report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $43.42.

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.