Streetbeat News

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

47.81

Mkt cap

11B

Volume

595K

High

48.51

P/E Ratio

27.15

52-wk high

55.14

Low

47.59

Div yield

0.04

52-wk low

38.29

UBS analyst Michael Goldsmith has downgraded CubeSmart from Buy to Neutral, while slightly raising the price target from $53 to $54.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 2:01 pm

In the past three months, 8 analysts have evaluated CubeSmart (NYSE:CUBE), with a range of ratings from bullish to bearish. The average 12-month price target has increased by 9.16% to $51.12. Analysts have adjusted their ratings and price targets, reflecting their perspectives on CubeSmart's market standing.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 4:01 pm

RBC Capital has initiated coverage on CubeSmart with an Outperform rating and set a price target of $56.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 3:54 pm

Evercore ISI Group has maintained an 'In-Line' rating for CubeSmart and raised its price target from $51 to $52.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:10 pm

Barclays analyst Brendan Lynch maintains an Equal-Weight rating on CubeSmart (NYSE:CUBE) and raises the price target from $48 to $55.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 2:18 pm

Scotiabank has initiated coverage on CubeSmart with a Sector Outperform rating and set a price target of $53.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 12:38 pm

Analysts have provided mixed ratings for CubeSmart (NYSE:CUBE) over the past quarter, with a range of opinions from bullish to bearish. The average 12-month price target has increased to $48.0, up from $46.40. Key analysts have adjusted their ratings and price targets, reflecting their evolving views on the company's performance.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 2:00 pm

Truist Securities has maintained a Hold rating on CubeSmart (NYSE:CUBE) while raising the price target from $44 to $50.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:56 am

CubeSmart has released its Q3 and FY24 financial outlook. For Q3, the company expects EPS between $0.44 and $0.46 and diluted FFO per share between $0.66 and $0.68. For FY24, EPS is projected to be between $1.71 and $1.77, and diluted FFO per share between $2.61 and $2.67. The company also opened two Class-A development projects in the New York MSA.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:32 pm

CubeSmart (NYSE:CUBE) reported Q2 earnings of $0.64 per share, meeting analyst expectations but showing a 3.03% decrease from last year. Sales were $266.21 million, beating estimates by 4.42% and increasing 2.07% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.