CubeSmart (NYSE:CUBE) Stock Rating Lowered by Wall Street Zen

CubeSmart (NYSE:CUBE) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts also recently weighed in on CUBE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, October 8th. Citigroup cut their price objective on CubeSmart from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday, August 25th. Evercore ISI raised their price objective on CubeSmart from $48.00 to $49.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Barclays cut their price objective on CubeSmart from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft set a $45.00 price objective on CubeSmart and gave the company a “buy” rating in a research note on Monday, October 13th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, CubeSmart currently has a consensus rating of “Hold” and an average price target of $46.06.

CubeSmart Stock Down 3.5%

CUBE opened at $37.68 on Friday. CubeSmart has a fifty-two week low of $34.24 and a fifty-two week high of $50.69. The business has a 50-day moving average of $40.71 and a 200-day moving average of $41.25. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06. The company has a market capitalization of $8.59 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 8.91 and a beta of 0.96.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The company had revenue of $285.08 million during the quarter, compared to the consensus estimate of $282.57 million. During the same period last year, the business earned $0.67 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. CubeSmart has set its FY 2025 guidance at 2.560-2.600 EPS. Equities research analysts forecast that CubeSmart will post 2.64 EPS for the current fiscal year.

Institutional Trading of CubeSmart

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CUBE. Norges Bank acquired a new stake in CubeSmart in the 2nd quarter valued at approximately $458,008,000. T. Rowe Price Investment Management Inc. grew its holdings in CubeSmart by 28.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,664,210 shares of the real estate investment trust’s stock valued at $370,049,000 after buying an additional 1,937,055 shares during the last quarter. Millennium Management LLC grew its holdings in CubeSmart by 129.6% in the 1st quarter. Millennium Management LLC now owns 2,261,419 shares of the real estate investment trust’s stock valued at $96,585,000 after buying an additional 1,276,340 shares during the last quarter. Nuveen LLC acquired a new stake in CubeSmart in the 1st quarter valued at approximately $53,980,000. Finally, JPMorgan Chase & Co. grew its holdings in CubeSmart by 29.3% in the 1st quarter. JPMorgan Chase & Co. now owns 5,561,206 shares of the real estate investment trust’s stock valued at $237,519,000 after buying an additional 1,261,746 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Company Profile

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.