CubeSmart (NYSE:CUBE) Rating Increased to Moderate Buy at Raymond James Financial

Raymond James Financial upgraded shares of CubeSmart (NYSE:CUBE) to a moderate buy rating in a report released on Wednesday morning,Zacks.com reports.

CUBE has been the topic of a number of other reports. BNP Paribas Exane upgraded CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research report on Wednesday, March 18th. Scotiabank raised CubeSmart to a “hold” rating in a research report on Thursday, March 19th. Mizuho increased their price target on CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Evercore set a $47.00 price target on CubeSmart in a research report on Monday, July 6th. Finally, Barclays upgraded 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 research report on Friday, July 10th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, CubeSmart presently has a consensus rating of “Hold” and an average price target of $43.25.

CubeSmart Stock Up 3.9%

Shares of NYSE CUBE opened at $42.02 on Wednesday. The firm’s 50-day moving average price is $40.37 and its 200-day moving average price is $39.13. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 6.99 and a beta of 1.08. CubeSmart has a 12-month low of $35.09 and a 12-month high of $42.64.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. On average, equities research analysts anticipate that CubeSmart will post 2.58 EPS for the current fiscal year.

CubeSmart Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.12 annualized dividend and a yield of 5.0%. CubeSmart’s dividend payout ratio (DPR) is presently 149.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of CubeSmart in the fourth quarter worth approximately $395,968,000. Millennium Management LLC boosted its holdings in CubeSmart by 201.5% during the 4th quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock valued at $98,763,000 after acquiring an additional 1,830,993 shares during the period. Alyeska Investment Group L.P. grew its position in CubeSmart by 36.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock valued at $174,185,000 after acquiring an additional 1,143,464 shares during the last quarter. Hsbc Holdings PLC grew its position in CubeSmart by 73.6% in the 4th quarter. Hsbc Holdings PLC now owns 1,726,419 shares of the real estate investment trust’s stock valued at $62,260,000 after acquiring an additional 731,883 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in CubeSmart by 3,255.9% in the fourth quarter. SG Americas Securities LLC now owns 739,382 shares of the real estate investment trust’s stock worth $26,655,000 after purchasing an additional 717,350 shares during the period. Institutional investors own 97.61% of the company’s stock.

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.