CubeSmart (NYSE:CUBE) Receives Outperform Rating from Royal Bank Of Canada

CubeSmart (NYSE:CUBE)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $46.00 price objective on the real estate investment trust’s stock. Royal Bank Of Canada’s price target points to a potential upside of 16.90% from the stock’s previous close.

Several other equities analysts have also commented on the company. Wells Fargo & Company lowered their target price on CubeSmart from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Scotiabank raised CubeSmart to a “hold” rating in a report on Thursday, March 19th. BNP Paribas Exane raised CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 target price for the company in a report on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft lowered CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a report on Tuesday, January 20th. Finally, Wolfe Research lowered CubeSmart from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $43.57.

CubeSmart Stock Performance

Shares of NYSE:CUBE traded down $0.79 during trading on Monday, hitting $39.35. 633,815 shares of the company traded hands, compared to its average volume of 2,384,888. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 6.35 and a beta of 1.11. The business’s fifty day moving average is $38.84 and its 200-day moving average is $38.13. CubeSmart has a one year low of $35.09 and a one year high of $44.13. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29.

CubeSmart (NYSE:CUBE) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $281.93 million during the quarter, compared to analyst estimates of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, equities analysts predict that CubeSmart will post 2.57 earnings per share for the current fiscal year.

Insider Transactions at CubeSmart

In related news, insider Jeffrey P. Foster sold 23,148 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total value of $949,530.96. Following the completion of the transaction, the insider directly owned 205,057 shares of the company’s stock, valued at $8,411,438.14. This represents a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On CubeSmart

Hedge funds have recently modified their holdings of the company. Cetera Investment Advisers lifted its holdings in shares of CubeSmart by 1.6% in the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after buying an additional 265 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in CubeSmart by 4.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,964 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 269 shares during the period. Crossmark Global Holdings Inc. grew its holdings in CubeSmart by 1.8% during the third quarter. Crossmark Global Holdings Inc. now owns 16,357 shares of the real estate investment trust’s stock worth $665,000 after acquiring an additional 282 shares during the period. Fifth Third Bancorp raised its position in CubeSmart by 12.5% in the first quarter. Fifth Third Bancorp now owns 2,608 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 289 shares in the last quarter. Finally, Huntington National Bank raised its position in CubeSmart by 43.3% in the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 295 shares in the last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.

About CubeSmart

CubeSmart (NYSE: CUBE) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company’s portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart’s facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.