Raymond James Financial Upgrades CubeSmart (NYSE:CUBE) to Moderate Buy

CubeSmart (NYSE:CUBE) was upgraded by investment analysts at Raymond James Financial to a “moderate buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Mizuho increased their price objective on CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Truist Financial raised their price target on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Barclays upgraded shares of CubeSmart from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $45.00 to $46.00 in a report on Friday, July 10th. Scotiabank raised shares of CubeSmart to a “hold” rating in a research note on Thursday, March 19th. Finally, UBS Group raised their target price on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, CubeSmart currently has a consensus rating of “Hold” and a consensus price target of $43.25.

CubeSmart Stock Performance

Shares of CUBE opened at $42.02 on Wednesday. CubeSmart has a 12-month low of $35.09 and a 12-month high of $42.64. The stock has a market cap of $9.51 billion, a P/E ratio of 29.59, a PEG ratio of 6.99 and a beta of 1.08. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average of $40.37 and a two-hundred day moving average of $39.13.

CubeSmart (NYSE:CUBE) last released its quarterly 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. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The business had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. During the same period in the prior year, the business earned $0.64 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. 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, research analysts predict that CubeSmart will post 2.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Legal & General Group Plc raised its stake in CubeSmart by 16.3% during the fourth quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust’s stock worth $49,808,000 after purchasing an additional 193,467 shares during the period. Lasalle Investment Management Securities LLC grew its stake in shares of CubeSmart by 3.0% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust’s stock valued at $38,947,000 after buying an additional 31,187 shares during the period. Cadence Bank purchased a new stake in shares of CubeSmart during the 4th quarter valued at $4,043,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of CubeSmart by 2,806.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 228,407 shares of the real estate investment trust’s stock worth $8,234,000 after buying an additional 220,549 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of CubeSmart by 3,255.9% during the 4th quarter. SG Americas Securities LLC now owns 739,382 shares of the real estate investment trust’s stock worth $26,655,000 after buying an additional 717,350 shares during the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

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.