CubeSmart (NYSE:CUBE) Price Target Raised to $42.00

CubeSmart (NYSE:CUBE) had its price target upped by Wells Fargo & Company from $40.00 to $42.00 in a research report sent to investors on Friday, MarketBeat reports. They currently have an equal weight rating on the real estate investment trust’s stock.

A number of other research firms have also commented on CUBE. Raymond James Financial began coverage on shares of CubeSmart in a report on Wednesday, July 15th. They set an “outperform” rating and a $44.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, July 15th. Barclays upgraded 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 research report on Friday, July 10th. UBS Group upped their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Finally, Evercore set a $47.00 target price on shares of CubeSmart in a report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.42.

CubeSmart Price Performance

CUBE opened at $42.09 on Friday. The stock’s 50 day simple moving average is $40.55 and its 200 day simple moving average is $39.37. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.04 and a quick ratio of 0.04. CubeSmart has a 1 year low of $35.09 and a 1 year high of $42.90. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 7.28 and a beta of 1.08.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 11.84% and a net margin of 28.93%.The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company 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 predict that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors 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 dividend on an annualized basis and a yield of 5.0%. CubeSmart’s dividend payout ratio (DPR) is presently 149.30%.

Institutional Trading of CubeSmart

Several large investors have recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC purchased a new stake in shares of CubeSmart in the 3rd quarter worth about $28,000. Essential Partners LLC boosted its stake in shares of CubeSmart by 594.7% during the 1st quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 779 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 568 shares during the period. SJS Investment Consulting Inc. purchased a new position in shares of CubeSmart during the first quarter valued at about $42,000. Finally, Los Angeles Capital Management LLC bought a new position in CubeSmart in the fourth quarter worth about $43,000. 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.