CubeSmart’s (CUBE) “Sector Weight” Rating Reiterated at KeyCorp

KeyCorp reaffirmed their sector weight rating on shares of CubeSmart (NYSE:CUBE) in a research note issued to investors on Monday, MarketBeat Ratings reports. KeyCorp also issued estimates for CubeSmart’s FY2025 earnings at $2.60 EPS, Q1 2026 earnings at $0.64 EPS, Q2 2026 earnings at $0.65 EPS, Q3 2026 earnings at $0.66 EPS, Q4 2026 earnings at $0.67 EPS, FY2026 earnings at $2.62 EPS and FY2027 earnings at $2.69 EPS.

Several other research firms have also recently weighed in on CUBE. Evercore ISI lowered their price objective on CubeSmart from $49.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. UBS Group lowered their price objective on shares of CubeSmart from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $45.00 price target on CubeSmart and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research report on Sunday. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $45.94.

CubeSmart Price Performance

NYSE:CUBE opened at $36.89 on Monday. CubeSmart has a 12-month low of $34.24 and a 12-month high of $50.69. The stock’s 50 day moving average price is $40.17 and its two-hundred day moving average price is $41.11. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 8.91 and a beta of 0.99.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.65 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. The firm had revenue of $285.08 million during the quarter, compared to analysts’ expectations of $282.57 million. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 earnings per share. On average, analysts anticipate that CubeSmart will post 2.64 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Securian Asset Management Inc. boosted its holdings in CubeSmart by 1.5% during the second quarter. Securian Asset Management Inc. now owns 17,360 shares of the real estate investment trust’s stock worth $738,000 after purchasing an additional 264 shares during the last quarter. Cetera Investment Advisers boosted its holdings in CubeSmart by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after buying an additional 265 shares during the period. Moran Wealth Management LLC grew its holdings in CubeSmart by 0.9% during the 2nd quarter. Moran Wealth Management LLC now owns 31,522 shares of the real estate investment trust’s stock valued at $1,340,000 after buying an additional 270 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of CubeSmart by 1.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,357 shares of the real estate investment trust’s stock valued at $665,000 after purchasing an additional 282 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of CubeSmart by 22.8% in the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 292 shares during the last quarter. Institutional investors own 97.61% of the company’s stock.

About CubeSmart

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.