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 secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.
IPO Year:
Exchange: NYSE
Website: cubesmart.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2024 | $53.00 → $54.00 | Buy → Neutral | UBS |
| 9/10/2024 | $56.00 | Outperform | RBC Capital Mkts |
| 8/22/2024 | $53.00 | Sector Outperform | Scotiabank |
| 5/29/2024 | $50.00 → $47.00 | Outperform → Market Perform | BMO Capital Markets |
| 3/27/2024 | $48.00 | Equal Weight | Barclays |
| 1/30/2024 | $40.00 | Sell | Deutsche Bank |
| 1/2/2024 | $38.00 → $53.00 | Hold → Buy | Jefferies |
| 12/15/2023 | $46.00 → $49.00 | Market Perform → Outperform | BMO Capital Markets |
| 12/11/2023 | $42.00 → $43.00 | Outperform → In-line | Evercore ISI |
| 10/30/2023 | $51.00 → $38.00 | Buy → Neutral | BofA Securities |
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CubeSmart's (NYSE:CUBE) short percent of float has fallen 14.39% since its last report. The company recently reported that it has 5.62 million shares sold short, which is 3.39% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.24 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Raymond James analyst Jonathan Hughes maintains CubeSmart (NYSE:CUBE) with a Outperform and raises the price target from $48 to $50.
The anticipation of Federal Reserve rate cuts is starting to have a favorable impact on the real estate mortgage market. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased by 13 basis points to 6.87% for the week ending July 12, 2024, down from 7% the prior week, as reported by the Mortgage Bankers Association Wednesday. This decline represents the most significant drop in borrowing costs in around four months and the lowest rate since early March. Fed Rate Cut Bets, Lower Treasury Yields Push Mortgage Rates Down The reduction was largely propelled by rising expectations on Fed rate cuts and the fall i
Evercore ISI Group analyst Steve Sakwa maintains CubeSmart (NYSE:CUBE) with a In-Line and raises the price target from $44 to $45.
CubeSmart's (NYSE:CUBE) short percent of float has risen 9.78% since its last report. The company recently reported that it has 6.52 million shares sold short, which is 3.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.21 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i
CubeSmart's (NYSE:CUBE) short percent of float has risen 8.16% since its last report. The company recently reported that it has 5.93 million shares sold short, which is 3.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.09 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector. Agree Realty Corporation (NYSE:ADC) Dividend Yield: 4.94% Truist Securities analyst Ki
Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors. Let's take a look at two REITs with dividend yields up to 5.7% and track records of dividend growth. CubeSmart CubeSmart (NYSE:CUBE) is the third largest owner and operator of self storage facili
Ratings for CubeSmart (NYSE:CUBE) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 2 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $46.8, a high estimate of $48.00, and a low estimate of $45.00. This upward trend is evident, with the current average reflecting a 4.0% i
UBS downgraded CubeSmart from Buy to Neutral and set a new price target of $54.00 from $53.00 previously
RBC Capital Mkts initiated coverage of CubeSmart with a rating of Outperform and set a new price target of $56.00
Scotiabank initiated coverage of CubeSmart with a rating of Sector Outperform and set a new price target of $53.00
BMO Capital Markets downgraded CubeSmart from Outperform to Market Perform and set a new price target of $47.00 from $50.00 previously
Barclays initiated coverage of CubeSmart with a rating of Equal Weight and set a new price target of $48.00
Deutsche Bank initiated coverage of CubeSmart with a rating of Sell and set a new price target of $40.00
Jefferies upgraded CubeSmart from Hold to Buy and set a new price target of $53.00 from $38.00 previously
BMO Capital Markets upgraded CubeSmart from Market Perform to Outperform and set a new price target of $49.00 from $46.00 previously
Evercore ISI downgraded CubeSmart from Outperform to In-line and set a new price target of $43.00 from $42.00 previously
BofA Securities downgraded CubeSmart from Buy to Neutral and set a new price target of $38.00 from $51.00 previously
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MALVERN, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced its operating results for the three and nine months ended September 30, 2024. "The third quarter saw a continuation of trends as we remain in a competitive environment for new customer rental rates while the existing customer remains very resilient," commented President and Chief Executive Officer Christopher P. Marr. "This month, we celebrated our 20th anniversary as a public company. While it's exciting to celebrate our accomplishments over the past two decades, we remain keenly focused on our culture of innovation and enhancing our position as an industry leader." Key Highlights for the Third Quarter
MALVERN, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced that the Company will release financial results for the three-month period ended September 30, 2024 after the market close on Thursday, October 31, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, November 1, 2024. A live webcast of the conference call will be available online from the investor relations page of the Company's corporate website at investors.cubesmart.com. Telephone participants may join on the day of the call by dialing 1 (800) 715-9871 using conference ID number 4783436. After the live webcast, the webcast will be available on CubeSmart's website. In additi
MALVERN, Pa., Aug. 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced its operating results for the three and six months ended June 30, 2024. "As expected, we experienced a marginally stronger seasonal uplift in demand during the second quarter and a customer base who continues to be resilient in an uncertain economy," commented President and Chief Executive Officer Christopher P. Marr. "Our data-driven approach to operations continues to allow us to optimize our performance in the face of changing macro conditions." Key Highlights for the Second Quarter Reported diluted earnings per share ("EPS") attributable to the Company's common shareholders of $0.41.Reported funds
MALVERN, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending September 30, 2024. The dividend is payable on October 15, 2024 to common shareholders of record on October 1, 2024. About the Company CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,497 self-storage properties across the United States. According to the 2024 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. The Company's mission is to simplify the organizational and logisti
MALVERN, Pa., July 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced that the Company will release financial results for the three-month period ended June 30, 2024 after the market close on Thursday, August 1, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, August 2, 2024. A live webcast of the conference call will be available online from the investor relations page of the Company's corporate website at www.cubesmart.com. Telephone participants may join on the day of the call by dialing 1 (800) 715-9871 using conference ID 4783436. After the live webcast, the webcast will be available on CubeSmart's website. In addition, a telephonic repla
MALVERN, Pa., May 21, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending June 30, 2024. The dividend is payable on July 15, 2024 to common shareholders of record on July 1, 2024. About the Company CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,479 self-storage properties across the United States. According to the 2024 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. The Company's mission is to simplify the organizational and logistical challeng
MALVERN, Pa., April 25, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced its operating results for the three months ended March 31, 2024. "Our urban markets continued their positive trends, with portfolio-leading results during the first quarter," commented President and Chief Executive Officer Christopher P. Marr. "As we turn our attention to the summer rental season, our team is energized and our marketing campaigns are ramping up, positioning us to attract customers across all channels." Key Highlights for the First Quarter Reported diluted earnings per share ("EPS") attributable to the Company's common shareholders of $0.42.Reported funds from operations ("FFO"), as ad
MALVERN, Pa., April 02, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced that the Company will release financial results for the three-month period ended March 31, 2024 after the market close on Thursday, April 25, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, April 26, 2024. A live webcast of the conference call will be available online from the investor relations page of the Company's corporate website at www.cubesmart.com. Telephone participants may join on the day of the call by dialing 1 (800) 990-4333. After the live webcast, the webcast will be available on CubeSmart's website. In addition, a telephonic replay of the call will be avai
MALVERN, Pa., March 18, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending March 31, 2024. The dividend is payable on April 15, 2024 to common shareholders of record on April 1, 2024. About the Company CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,467 self-storage properties across the United States. According to the 2023 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. The Company's mission is to simplify the organizational and logistical cha
MALVERN, Pa., Jan. 31, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced that the Company will release financial results for the three-month period ended December 31, 2023 after the market close on Thursday, February 29, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, March 1, 2024. A live webcast of the conference call will be available online from the investor relations page of the Company's corporate website at www.cubesmart.com. Telephone participants may join on the day of the call by dialing 1 (888) 575-5163 using conference ID 14924806. After the live webcast, the webcast will be available on CubeSmart's website. In addition, a telephoni
MALVERN, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced its operating results for the three and nine months ended September 30, 2024. "The third quarter saw a continuation of trends as we remain in a competitive environment for new customer rental rates while the existing customer remains very resilient," commented President and Chief Executive Officer Christopher P. Marr. "This month, we celebrated our 20th anniversary as a public company. While it's exciting to celebrate our accomplishments over the past two decades, we remain keenly focused on our culture of innovation and enhancing our position as an industry leader." Key Highlights for the Third Quarter
MALVERN, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced that the Company will release financial results for the three-month period ended September 30, 2024 after the market close on Thursday, October 31, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, November 1, 2024. A live webcast of the conference call will be available online from the investor relations page of the Company's corporate website at investors.cubesmart.com. Telephone participants may join on the day of the call by dialing 1 (800) 715-9871 using conference ID number 4783436. After the live webcast, the webcast will be available on CubeSmart's website. In additi
MALVERN, Pa., Aug. 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced its operating results for the three and six months ended June 30, 2024. "As expected, we experienced a marginally stronger seasonal uplift in demand during the second quarter and a customer base who continues to be resilient in an uncertain economy," commented President and Chief Executive Officer Christopher P. Marr. "Our data-driven approach to operations continues to allow us to optimize our performance in the face of changing macro conditions." Key Highlights for the Second Quarter Reported diluted earnings per share ("EPS") attributable to the Company's common shareholders of $0.41.Reported funds
MALVERN, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending September 30, 2024. The dividend is payable on October 15, 2024 to common shareholders of record on October 1, 2024. About the Company CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,497 self-storage properties across the United States. According to the 2024 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. The Company's mission is to simplify the organizational and logisti
MALVERN, Pa., July 01, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced that the Company will release financial results for the three-month period ended June 30, 2024 after the market close on Thursday, August 1, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, August 2, 2024. A live webcast of the conference call will be available online from the investor relations page of the Company's corporate website at www.cubesmart.com. Telephone participants may join on the day of the call by dialing 1 (800) 715-9871 using conference ID 4783436. After the live webcast, the webcast will be available on CubeSmart's website. In addition, a telephonic repla
MALVERN, Pa., May 21, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending June 30, 2024. The dividend is payable on July 15, 2024 to common shareholders of record on July 1, 2024. About the Company CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,479 self-storage properties across the United States. According to the 2024 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. The Company's mission is to simplify the organizational and logistical challeng
MALVERN, Pa., April 25, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced its operating results for the three months ended March 31, 2024. "Our urban markets continued their positive trends, with portfolio-leading results during the first quarter," commented President and Chief Executive Officer Christopher P. Marr. "As we turn our attention to the summer rental season, our team is energized and our marketing campaigns are ramping up, positioning us to attract customers across all channels." Key Highlights for the First Quarter Reported diluted earnings per share ("EPS") attributable to the Company's common shareholders of $0.42.Reported funds from operations ("FFO"), as ad
MALVERN, Pa., April 02, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced that the Company will release financial results for the three-month period ended March 31, 2024 after the market close on Thursday, April 25, 2024. An accompanying conference call will be held at 11:00 a.m. ET on Friday, April 26, 2024. A live webcast of the conference call will be available online from the investor relations page of the Company's corporate website at www.cubesmart.com. Telephone participants may join on the day of the call by dialing 1 (800) 990-4333. After the live webcast, the webcast will be available on CubeSmart's website. In addition, a telephonic replay of the call will be avai
MALVERN, Pa., March 18, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.51 per common share for the period ending March 31, 2024. The dividend is payable on April 15, 2024 to common shareholders of record on April 1, 2024. About the Company CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,467 self-storage properties across the United States. According to the 2023 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S. The Company's mission is to simplify the organizational and logistical cha
MALVERN, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) -- CubeSmart (NYSE:CUBE) today announced its operating results for the three and twelve months ended December 31, 2023. "We closed 2023 with another solid quarter as we experienced more stable trends compared to earlier in the year. New York City generated portfolio-leading growth, showcasing the strength of the market's demand profile and the muted new supply backdrop," commented President and Chief Executive Officer Christopher P. Marr. "Looking to 2024, our strong platform and team, coupled with our significant balance sheet capacity, have us well-positioned to execute our growth strategy in any macroeconomic climate." Key Highlights for th