CubeSmart (NYSE:CUBE) Announces Earnings Results

CubeSmart (NYSE:CUBE) posted its earnings results on Thursday. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.23, Zacks reports. CubeSmart had a net margin of 37.79% and a return on equity of 14.33%. CubeSmart updated its FY 2025 guidance to 2.500-2.590 EPS and its Q1 2025 guidance to 0.610-0.630 EPS.

CubeSmart Trading Up 0.5 %

Shares of CUBE stock traded up $0.20 during trading hours on Thursday, reaching $42.51. 1,861,158 shares of the stock traded hands, compared to its average volume of 1,531,665. CubeSmart has a 1-year low of $39.80 and a 1-year high of $55.14. The business has a fifty day moving average price of $41.87 and a 200 day moving average price of $47.12. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $9.61 billion, a PE ratio of 24.01, a PEG ratio of 11.58 and a beta of 0.87.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.89%. CubeSmart’s dividend payout ratio is currently 117.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CUBE shares. 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 note on Monday, January 13th. Wells Fargo & Company reduced their price target on shares of CubeSmart from $50.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of CubeSmart from a “sell” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $45.00 in a research note on Friday, January 10th. Royal Bank of Canada reduced their price target on shares of CubeSmart from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, Truist Financial raised shares of CubeSmart from a “hold” rating to a “buy” rating and reduced their price target for the stock from $50.00 to $47.00 in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.18.

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.