Analysts Set CubeSmart (NYSE:CUBE) Price Target at $43.50

Shares of CubeSmart (NYSE:CUBE) have been given an average rating of “Hold” by the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $43.50.

A number of research firms recently commented on CUBE. UBS Group upped their price target on shares of CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Barclays raised shares of CubeSmart from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $45.00 to $46.00 in a report on Friday, July 10th. Raymond James Financial initiated coverage on shares of CubeSmart in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, July 15th.

CubeSmart Stock Down 0.2%

Shares of NYSE:CUBE opened at $40.90 on Friday. The stock has a market capitalization of $9.21 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 6.74 and a beta of 1.07. The stock’s 50-day moving average price is $41.03 and its 200-day moving average price is $39.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. CubeSmart has a 12-month low of $35.09 and a 12-month high of $43.26.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). The company had revenue of $286.49 million during the quarter, compared to analysts’ expectations of $281.12 million. CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.CubeSmart’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. On average, equities analysts anticipate that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a yield of 5.2%. CubeSmart’s dividend payout ratio is presently 146.21%.

Institutional Investors Weigh In On CubeSmart

Large investors have recently made changes to their positions in the business. Ieq Capital LLC purchased a new position in shares of CubeSmart during the second quarter valued at approximately $9,966,000. Fund Advisors of America Inc FL purchased a new stake in CubeSmart in the second quarter worth $218,000. Allworth Financial LP purchased a new stake in CubeSmart in the second quarter worth $518,000. B. Metzler seel. Sohn & Co. AG bought a new stake in CubeSmart in the second quarter valued at $2,815,000. Finally, Ceredex Value Advisors LLC bought a new stake in CubeSmart in the second quarter valued at $11,384,000. 97.61% of the stock is currently owned by institutional investors.

CubeSmart Company Profile

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.