KeyCorp Forecasts CubeSmart's Q1 Earnings (NYSE:CUBE)

CubeSmart (NYSE:CUBE - Free Report) - Equities researchers at KeyCorp dropped their Q1 2025 earnings per share (EPS) estimates for shares of CubeSmart in a research report issued to clients and investors on Thursday, March 6th. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings per share of $0.63 for the quarter, down from their prior forecast of $0.66. KeyCorp currently has a "Overweight" rating and a $47.00 target price 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.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft raised CubeSmart from a "sell" rating to a "hold" rating and cut their price objective for the stock from $46.00 to $45.00 in a research report on Friday, January 10th. Scotiabank lowered shares of CubeSmart from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $52.00 to $46.00 in a research report on Wednesday, March 5th. Barclays dropped their price target 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. Truist Financial raised CubeSmart from a "hold" rating to a "buy" rating and decreased their price objective for the company from $50.00 to $47.00 in a report on Friday, January 17th. Finally, Wells Fargo & Company dropped their target price on CubeSmart from $50.00 to $44.00 and set an "equal weight" rating for the company in a report on Friday, February 21st. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $48.08.

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CubeSmart Stock Performance

Shares of CUBE stock traded up $0.23 during trading on Friday, reaching $43.18. The company had a trading volume of 527,054 shares, compared to its average volume of 1,666,896. The company has a market capitalization of $9.84 billion, a PE ratio of 24.39, a PEG ratio of 11.58 and a beta of 0.88. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.20 and a quick ratio of 0.20. The firm's 50 day simple moving average is $41.78 and its two-hundred day simple moving average is $46.78. CubeSmart has a one year low of $39.80 and a one year high of $55.14.

CubeSmart (NYSE:CUBE - Get Free Report) last posted its earnings results on Thursday, February 27th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.45 by $0.23. CubeSmart had a net margin of 37.79% and a return on equity of 14.33%. The firm had revenue of $231.41 million for the quarter, compared to the consensus estimate of $267.54 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in CubeSmart by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 31,507,111 shares of the real estate investment trust's stock valued at $1,350,080,000 after purchasing an additional 85,609 shares during the last quarter. Norges Bank acquired a new stake in CubeSmart during the fourth quarter worth approximately $408,064,000. T. Rowe Price Investment Management Inc. increased its stake in CubeSmart by 27.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,727,155 shares of the real estate investment trust's stock worth $288,259,000 after acquiring an additional 1,464,331 shares during the period. Geode Capital Management LLC raised its holdings in CubeSmart by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 4,593,010 shares of the real estate investment trust's stock valued at $247,295,000 after acquiring an additional 50,340 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of CubeSmart by 8.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,299,460 shares of the real estate investment trust's stock worth $184,232,000 after purchasing an additional 352,754 shares during the period. Institutional investors own 97.61% of the company's stock.

CubeSmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Tuesday, April 1st. CubeSmart's dividend payout ratio is currently 120.93%.

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.