CubeSmart (NYSE:CUBE) Upgraded at KeyCorp

KeyCorp upgraded shares of CubeSmart (NYSE:CUBE) from a sector weight rating to an overweight rating in a research note issued to investors on Thursday, Marketbeat.com reports. KeyCorp currently has $47.00 target price on the real estate investment trust’s stock. KeyCorp also issued estimates for CubeSmart’s Q1 2025 earnings at $0.63 EPS, Q2 2025 earnings at $0.64 EPS, Q3 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.66 EPS, FY2025 earnings at $2.56 EPS, Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.66 EPS, Q3 2026 earnings at $0.67 EPS, Q4 2026 earnings at $0.69 EPS and FY2026 earnings at $2.65 EPS.

Several other equities analysts have also recently issued reports on CUBE. Barclays lowered their price objective on shares of CubeSmart from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company lowered their price objective on shares of CubeSmart from $50.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, February 21st. Jefferies Financial Group cut shares of CubeSmart from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $57.00 to $46.00 in a research note on Thursday, January 2nd. Royal Bank of Canada decreased their target price on shares of CubeSmart from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of CubeSmart from a “sell” rating to a “hold” rating and decreased their target price for the stock from $46.00 to $45.00 in a report on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, CubeSmart presently has a consensus rating of “Hold” and a consensus price target of $48.08.

CubeSmart Stock Up 1.5 %

CubeSmart stock opened at $42.91 on Thursday. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 11.58 and a beta of 0.88. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.02. The company’s 50-day moving average price is $41.78 and its two-hundred day moving average price is $46.80. CubeSmart has a 52 week low of $39.80 and a 52 week high of $55.14.

CubeSmart (NYSE:CUBE) last released its earnings results on Thursday, February 27th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.45 by $0.23. The firm had revenue of $231.41 million for the quarter, compared to analysts’ expectations of $267.54 million. CubeSmart had a net margin of 37.79% and a return on equity of 14.33%. On average, analysts expect that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Tuesday, April 1st. CubeSmart’s dividend payout ratio is currently 120.93%.

Institutional Trading of CubeSmart

Several institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in CubeSmart by 9,614.3% in the fourth quarter. Versant Capital Management Inc now owns 680 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 673 shares during the last quarter. Blue Trust Inc. lifted its stake in CubeSmart by 74.9% in the fourth quarter. Blue Trust Inc. now owns 675 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 289 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in CubeSmart by 134.1% in the fourth quarter. Jones Financial Companies Lllp now owns 679 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 389 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in CubeSmart by 310.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 739 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 559 shares during the last quarter. Finally, Peterson Financial Group Inc. acquired a new stake in CubeSmart in the third quarter valued at approximately $33,000. 97.61% of the stock is currently owned by institutional investors and hedge funds.

About CubeSmart

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.