CubeSmart (NYSE:CUBE) Stock Rating Upgraded by KeyCorp

CubeSmart (NYSE:CUBE) was upgraded by stock analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued on Thursday, Marketbeat.com reports. The brokerage presently has a $47.00 price target on the real estate investment trust’s stock. KeyCorp’s price objective would suggest a potential upside of 9.54% from the company’s previous close. 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.

A number of other equities analysts have also weighed in on CUBE. Jefferies Financial Group lowered CubeSmart from a “buy” rating to a “hold” rating and lowered their target price for the stock from $57.00 to $46.00 in a research report on Thursday, January 2nd. Barclays lowered their target price on CubeSmart from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Truist Financial raised CubeSmart from a “hold” rating to a “buy” rating and lowered their target price for the stock from $50.00 to $47.00 in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised CubeSmart from a “sell” rating to a “hold” rating and lowered their target price for the stock from $46.00 to $45.00 in a research report on Friday, January 10th. Finally, Royal Bank of Canada lowered their target price on CubeSmart from $53.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $48.08.

CubeSmart Price Performance

Shares of CUBE opened at $42.91 on Thursday. CubeSmart has a 52-week low of $39.80 and a 52-week high of $55.14. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.20 and a current ratio of 0.20. The business’s 50 day moving average price is $41.78 and its two-hundred day moving average price is $46.86. The firm has a market cap of $9.78 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 11.58 and a beta of 0.88.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CUBE. Norges Bank bought a new position in CubeSmart in the 4th quarter valued at $408,064,000. Capital World Investors grew its stake in CubeSmart by 184.5% in the 4th quarter. Capital World Investors now owns 2,944,248 shares of the real estate investment trust’s stock valued at $126,161,000 after purchasing an additional 1,909,496 shares during the period. Alyeska Investment Group L.P. grew its stake in CubeSmart by 219.4% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,574,641 shares of the real estate investment trust’s stock valued at $110,323,000 after purchasing an additional 1,768,626 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in CubeSmart by 27.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,727,155 shares of the real estate investment trust’s stock valued at $288,259,000 after purchasing an additional 1,464,331 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in CubeSmart by 326.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,676,177 shares of the real estate investment trust’s stock valued at $90,229,000 after purchasing an additional 1,282,995 shares during the period. Institutional investors own 97.61% of the company’s stock.

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.