CubeSmart (NYSE:CUBE) Sets New 1-Year High – Here’s What Happened

CubeSmart (NYSE:CUBE)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $43.06 and last traded at $43.0880, with a volume of 84462 shares. The stock had previously closed at $42.28.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CUBE shares. Barclays raised shares of CubeSmart from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $46.00 in a report on Friday, July 10th. Wells Fargo & Company raised their target price on shares of CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday. Truist Financial lifted their price target on shares of CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Raymond James Financial started coverage on CubeSmart in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.42.

CubeSmart Stock Performance

The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 7.28 and a beta of 1.08. The stock has a 50 day moving average of $40.61 and a 200 day moving average of $39.41. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $281.93 million during the quarter, compared to analysts’ expectations of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. CubeSmart’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. As a group, analysts anticipate that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, July 1st. CubeSmart’s dividend payout ratio is 149.30%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in CubeSmart by 1.3% during the first quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust’s stock worth $7,429,000 after purchasing an additional 2,284 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of CubeSmart by 944.3% in the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust’s stock valued at $303,000 after purchasing an additional 6,412 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of CubeSmart by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust’s stock valued at $20,684,000 after purchasing an additional 19,476 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of CubeSmart during the 1st quarter worth $270,000. Finally, Cetera Investment Advisers raised its holdings in shares of CubeSmart by 1.6% during 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 in the last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.

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.