CubeSmart (NYSE:CUBE) Receives Average Recommendation of “Hold” from Brokerages

Shares of CubeSmart (NYSE:CUBE) have received a consensus rating of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $43.00.

CUBE has been the subject of several analyst reports. Truist Financial upped their price objective on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Mizuho upped their price objective on CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group increased their target price on CubeSmart from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Wells Fargo & Company increased their target price on CubeSmart from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st.

CubeSmart Stock Down 0.4%

CUBE opened at $40.46 on Thursday. The business has a 50 day moving average price of $40.00 and a two-hundred day moving average price of $38.56. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29. The company has a market cap of $9.16 billion, a PE ratio of 28.50, a P/E/G ratio of 7.01 and a beta of 1.09. CubeSmart has a 52 week low of $35.09 and a 52 week high of $43.63.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate 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 revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $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. As a group, research analysts anticipate that CubeSmart will post 2.58 EPS for the current year.

CubeSmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 of this dividend is Wednesday, July 1st. CubeSmart’s dividend payout ratio is 149.30%.

Hedge Funds Weigh In On CubeSmart

A number of large investors have recently modified their holdings of CUBE. Norges Bank purchased a new position in shares of CubeSmart during the 4th quarter worth approximately $395,968,000. Millennium Management LLC raised its stake in shares of CubeSmart by 201.5% during the 4th quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock worth $98,763,000 after buying an additional 1,830,993 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of CubeSmart by 36.4% during the 3rd 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 buying an additional 1,143,464 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of CubeSmart by 37.3% during the 3rd 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 buying an additional 914,884 shares in the last quarter. Finally, Hsbc Holdings PLC raised 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 buying an additional 731,883 shares in the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

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.