CubeSmart (NYSE:CUBE) Reaches New 52-Week High – Here’s What Happened

CubeSmart (NYSE:CUBE) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $42.66 and last traded at $42.5750, with a volume of 41196 shares. The stock had previously closed at $42.07.

Wall Street Analysts Forecast Growth

CUBE has been the topic of a number of recent analyst reports. Barclays raised shares of CubeSmart from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $45.00 to $46.00 in a research report on Friday, July 10th. Scotiabank upgraded CubeSmart to a “hold” rating in a research note on Thursday, March 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a report on Wednesday. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Raymond James Financial began coverage on CubeSmart in a research report on Wednesday. They issued an “outperform” rating and a $44.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.25.

CubeSmart Trading Up 0.7%

The stock’s 50 day simple moving average is $40.37 and its two-hundred day simple moving average is $39.13. The stock has a market capitalization of $9.59 billion, a PE ratio of 29.82, a PEG ratio of 6.99 and a beta of 1.08. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.04 and a quick ratio of 0.04.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping 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 company had revenue of $281.93 million during the quarter, compared to analyst estimates of $275.25 million. During the same quarter last year, the business posted $0.64 EPS. CubeSmart’s quarterly revenue was up 3.3% compared to the same quarter last year. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. On average, sell-side analysts expect that CubeSmart will post 2.58 EPS for the current year.

CubeSmart Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, July 1st. CubeSmart’s dividend payout ratio is 149.30%.

Institutional Trading of CubeSmart

Several hedge funds have recently made changes to their positions in CUBE. Norges Bank bought a new stake in shares of CubeSmart in the fourth quarter valued at $395,968,000. Millennium Management LLC grew its stake in shares of CubeSmart by 201.5% during the 4th quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock worth $98,763,000 after acquiring an additional 1,830,993 shares during the period. Alyeska Investment Group L.P. increased its holdings in CubeSmart by 36.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock worth $174,185,000 after acquiring an additional 1,143,464 shares during the last quarter. Hsbc Holdings PLC increased its holdings in CubeSmart by 73.6% in the 4th quarter. Hsbc Holdings PLC now owns 1,726,419 shares of the real estate investment trust’s stock worth $62,260,000 after acquiring an additional 731,883 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in CubeSmart by 3,255.9% in 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 acquiring an additional 717,350 shares during the last quarter. 97.61% of the stock is currently owned by 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.