KeyCorp Issues Negative Forecast for CubeSmart Earnings

CubeSmart (NYSE:CUBE) – Investment analysts at KeyCorp reduced their Q1 2025 earnings estimates for shares of CubeSmart in a note issued to investors on Thursday, March 6th. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will earn $0.63 per share for the quarter, down from their prior forecast of $0.66. KeyCorp currently has a “Overweight” rating and a $47.00 price target on the stock. The consensus estimate for CubeSmart’s current full-year earnings is $2.64 per share. KeyCorp also issued estimates for CubeSmart’s 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 research firms also recently weighed in on CUBE. Deutsche Bank Aktiengesellschaft raised shares of CubeSmart from a “sell” rating to a “hold” rating and reduced their target price for the company from $46.00 to $45.00 in a research report on Friday, January 10th. Jefferies Financial Group downgraded shares of CubeSmart from a “buy” rating to a “hold” rating and reduced their target price for the company from $57.00 to $46.00 in a research report on Thursday, January 2nd. Wells Fargo & Company reduced their target price on shares of CubeSmart from $50.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada reduced their target price on shares of CubeSmart from $53.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Finally, Barclays reduced their target price on shares of CubeSmart from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.08.

CubeSmart Trading Up 1.5 %

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

CubeSmart (NYSE:CUBE) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $267.54 million. CubeSmart had a net margin of 37.79% and a return on equity of 14.33%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in CubeSmart in the 3rd quarter valued at $33,000. Blue Trust Inc. raised its position in shares of CubeSmart by 74.9% during the 4th quarter. Blue Trust Inc. now owns 675 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 289 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of CubeSmart by 134.1% during the 4th quarter. Jones Financial Companies Lllp now owns 679 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 389 shares in the last quarter. Versant Capital Management Inc raised its position in shares of CubeSmart by 9,614.3% during the 4th quarter. Versant Capital Management Inc now owns 680 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 673 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of CubeSmart by 310.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 739 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 559 shares in the last quarter. 97.61% of the stock is owned by institutional investors.

CubeSmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.85%. The ex-dividend date is Tuesday, April 1st. CubeSmart’s dividend payout ratio (DPR) is presently 120.93%.

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.