CubeSmart (CUBE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $41.85 to $43.32
• 50-Day Range: $41.74 to $50.40
• 52-Week Range: $39.80 to $55.14
• Volume: 4.09 million shs
• Average Volume: 1.36 million shs
• Market Capitalization: $9.65 billion
• P/E Ratio: 24.10
• Dividend Yield: 4.88%
• Price Target: $51.36
• Consensus Rating: Hold

CubeSmart Stock Analysis - MarketRank™

CubeSmart scored higher than 71% of companies evaluated by MarketBeat, and ranked 414th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

CubeSmart has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 4 buy ratings, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

CubeSmart has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.66%

Earnings Growth

Earnings for CubeSmart are expected to grow by 2.66% in the coming year, from $2.63 to $2.70 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CubeSmart is 24.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of CubeSmart is 24.10, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.86.

Price to Earnings Growth Ratio

CubeSmart has a PEG Ratio of 13.00. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

CubeSmart has a P/B Ratio of 3.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.95% of the outstanding shares of CubeSmart have been sold short.

Short Interest Ratio / Days to Cover

CubeSmart has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CubeSmart has recently decreased by 9.80%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

CubeSmart is a leading dividend payer. It pays a dividend yield of 4.41%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

CubeSmart has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of CubeSmart is 117.51%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, CubeSmart will have a dividend payout ratio of 77.04% in the coming year. This indicates that CubeSmart may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.95% of the outstanding shares of CubeSmart have been sold short.

Short Interest Ratio / Days to Cover

CubeSmart has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CubeSmart has recently decreased by 9.80%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.88

News Sentiment

CubeSmart has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for CubeSmart this week, compared to 8 articles on an average week.

Search Interest

Only 9 people have searched for CUBE on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CubeSmart insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.68% of the stock of CubeSmart is held by insiders.

Percentage Held by Institutions

97.61% of the stock of CubeSmart is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CUBE Stock Analysis - Frequently Asked Questions

How have CUBE shares performed this year?

CubeSmart's stock was trading at $46.35 at the beginning of the year. Since then, CUBE stock has decreased by 8.0% and is now trading at $42.66.
View the best growth stocks for 2024 here.

How were CubeSmart's earnings last quarter?

CubeSmart (NYSE:CUBE) issued its quarterly earnings data on Thursday, October, 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by $0.24. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year.

Who are CubeSmart's major shareholders?

Top institutional shareholders of CubeSmart include FMR LLC (7.29%), State Street Corp (4.96%), Allspring Global Investments Holdings LLC (2.26%) and Geode Capital Management LLC (2.03%). Insiders that own company stock include Christopher P Marr, Timothy M Martin, Jeffrey P Foster and Joel D Keaton.
View institutional ownership trends.

How do I buy shares of CubeSmart?

Shares of CUBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CubeSmart own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CubeSmart investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), AbbVie (ABBV), Arista Networks (ANET) and PayPal (PYPL).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 10/01/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 10/31/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 1/16 Dividend: 1/02/2025
• Dividend Payable: 1/16/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Specialized REITs
• Current Symbol: NYSE:CUBE
• CUSIP: 22966310
• CIK: 1298675
• Web: www.cubesmart.com
• Phone: (610) 535-5000
• Fax: 216-274-1360
• Employees: 3,040
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $51.36
• High Stock Price Target: $62.00
• Low Stock Price Target: $40.00
• Potential Upside/Downside: +20.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.27
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.77
• Trailing P/E Ratio: 24.10
• Forward P/E Ratio: 16.22
• P/E Growth: 13
• Net Income: $410.76 million
• Net Margins: 37.79%
• Pretax Margin: 37.90%
• Return on Equity: 14.33%
• Return on Assets: 6.48%

Debt

• Debt-to-Equity Ratio: 1.02
• Current Ratio: 0.20
• Quick Ratio: 0.20

Sales & Book Value

• Annual Sales: $1.06 billion
• Price / Sales: 9.07
• Cash Flow: $2.53 per share
• Price / Cash Flow: 16.89
• Book Value: $12.54 per share
• Price / Book: 3.40

Miscellaneous

• Outstanding Shares: 226,153,000
• Free Float: 222,354,000
• Market Cap: $9.65 billion
• Optionable: Optionable
• Beta: 0.84