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

Shares of CubeSmart (NYSE:CUBE) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $43.5714.

CUBE has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on CubeSmart from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. BNP Paribas Exane upgraded shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price target on the stock in a report on Wednesday, March 18th. Wolfe Research lowered shares of CubeSmart from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 26th. Barclays upped their price objective on shares of CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Finally, Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday.

Insider Activity at CubeSmart

In other news, insider Jeffrey P. Foster sold 23,148 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total value of $949,530.96. Following the sale, the insider owned 205,057 shares in the company, valued at $8,411,438.14. This represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.76% of the stock is owned by insiders.

Institutional Investors Weigh In On CubeSmart

A number of hedge funds and other institutional investors have recently made changes to their positions in CUBE. Norges Bank acquired a new position in shares of CubeSmart in the 4th quarter valued at $395,968,000. Millennium Management LLC increased its holdings 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 in the last quarter. Alyeska Investment Group L.P. raised its position in shares of 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 worth $174,185,000 after acquiring an additional 1,143,464 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its position in shares of 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 worth $136,805,000 after acquiring an additional 914,884 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in shares of CubeSmart by 73.6% during the 4th quarter. Hsbc Holdings PLC now owns 1,726,419 shares of the real estate investment trust’s stock worth $62,260,000 after acquiring an additional 731,883 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Trading Up 0.4%

NYSE:CUBE opened at $39.20 on Wednesday. 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 firm has a fifty day simple moving average of $38.82 and a 200-day simple moving average of $38.11. CubeSmart has a 12 month low of $35.09 and a 12 month high of $44.13. The company has a market capitalization of $8.94 billion, a P/E ratio of 27.61, a PEG ratio of 6.18 and a beta of 1.11.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $281.93 million during the quarter, compared to analysts’ expectations of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 EPS. 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 year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.53 per share. The ex-dividend date was Wednesday, April 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.4%. CubeSmart’s dividend payout ratio (DPR) is presently 149.30%.

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.