Research Analysts’ Recent Ratings Updates for CubeSmart (CUBE)

CubeSmart (NYSE: CUBE) has recently received a number of price target changes and ratings updates:

• 3/12/2025 – CubeSmart had its price target lowered by analysts at Barclays PLC from $50.00 to $49.00. They now have an “equal weight” rating on the stock.
• 3/6/2025 – CubeSmart was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating. They now have a $47.00 price target on the stock.
• 3/5/2025 – CubeSmart was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating. They now have a $46.00 price target on the stock, down previously from $52.00.
• 3/3/2025 – CubeSmart had its price target lowered by analysts at Royal Bank of Canada from $53.00 to $48.00. They now have an “outperform” rating on the stock.
• 2/21/2025 – CubeSmart had its price target lowered by analysts at Wells Fargo & Company from $50.00 to $44.00. They now have an “equal weight” rating on the stock.
• 1/17/2025 – CubeSmart was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock, down previously from $50.00.
• 1/13/2025 – CubeSmart had its price target lowered by analysts at Barclays PLC from $54.00 to $50.00. They now have an “equal weight” rating on the stock.

CubeSmart Price Performance

Shares of NYSE:CUBE traded down $0.50 during midday trading on Thursday, reaching $41.08. 1,369,332 shares of the company were exchanged, compared to its average volume of 1,340,655. CubeSmart has a one year low of $39.80 and a one year high of $55.14. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.02. The business’s fifty day moving average is $41.75 and its two-hundred day moving average is $46.62. The stock has a market cap of $9.36 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 11.58 and a beta of 0.88.

CubeSmart (NYSE:CUBE) last released its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.23. CubeSmart had a return on equity of 14.33% and a net margin of 37.79%. The business had revenue of $231.41 million during the quarter, compared to analysts’ expectations of $267.54 million. As a group, analysts predict that CubeSmart will post 2.64 earnings per share for the current year.

CubeSmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.08 annualized dividend and a dividend yield of 5.06%. CubeSmart’s dividend payout ratio is currently 120.93%.

Hedge Funds Weigh In On CubeSmart

A number of hedge funds and other institutional investors have recently modified their holdings of CUBE. Quarry LP lifted its position in CubeSmart by 19.8% during the 3rd quarter. Quarry LP now owns 1,371 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 227 shares during the period. CIBC Asset Management Inc increased its holdings in CubeSmart by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 6,642 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 233 shares during the period. HighTower Advisors LLC raised its position in CubeSmart by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 32,614 shares of the real estate investment trust’s stock worth $1,758,000 after buying an additional 243 shares during the last quarter. Captrust Financial Advisors lifted its stake in CubeSmart by 4.5% during the 3rd quarter. Captrust Financial Advisors now owns 5,734 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 248 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of CubeSmart by 74.9% in the 4th quarter. Blue Trust Inc. now owns 675 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 289 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors.

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.