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CUBE

CubeSmart

https://www.cubesmart.com

Industry

REIT - Industrial

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.

Open

42.07

Mkt cap

9.6B

Volume

3.2M

High

43.32

P/E Ratio

23.97

52-wk high

55.14

Low

41.85

Div yield

0.05

52-wk low

39.80

CubeSmart is recommended as a Buy due to its efficient management of self-storage properties and potential for dividend growth. The company benefits from demand driven by dislocation, divorce, downsizing, and death, and has a track record of creating shareholder value.

Portfolio Pulse from

December 17, 2024 | 7:45 am

CubeSmart has announced a 2.0% increase in its quarterly common dividend, now set at $0.52 per share, payable on January 16, 2025, to shareholders of record on January 2, 2025.

Portfolio Pulse from

December 13, 2024 | 10:30 pm

CubeSmart has adjusted its full-year 2024 Funds From Operations (FFO) guidance to a range of $2.62-$2.66, slightly narrowing from the previous range of $2.61-$2.67, and compared to an estimate of $2.64. For Q4, CubeSmart expects FFO to be between $0.67 and $0.70.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:49 pm

CubeSmart reported Q3 2024 earnings per share of $0.67, meeting analyst expectations. The company's sales were $270.890 million, surpassing the estimated $265.272 million, marking a 1.13% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:44 pm

Barclays analyst Brendan Lynch maintains an Equal-Weight rating on CubeSmart (NYSE:CUBE) but lowers the price target from $55 to $54.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:39 pm

CubeSmart's short interest has decreased by 11.88%, with 3.82 million shares sold short, representing 2.3% of its float. This is lower than its peers' average of 4.30%. The decline in short interest may indicate a more bullish sentiment towards CubeSmart.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 5:45 pm

CubeSmart (NYSE:CUBE) has received mixed analyst ratings over the past three months, with a recent average price target of $53.3, reflecting a 7.94% increase. Analysts have adjusted their ratings and price targets, indicating a positive outlook. CubeSmart, a real estate investment trust, has shown solid revenue growth and strong profitability, but faces challenges in ROE and revenue growth compared to peers.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 6:00 pm

Wells Fargo analyst Eric Luebchow maintains an Equal-Weight rating on CubeSmart and raises the price target from $48 to $50.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 2:48 pm

Jefferies analyst Jonathan Petersen maintains a Buy rating on CubeSmart and raises the price target from $53 to $62.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:10 pm

CubeSmart's short interest has increased by 9.57%, with 4.18 million shares sold short, representing 2.52% of its float. This is below the peer group average of 4.13%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 6:15 pm

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