Wells Fargo & Company Issues Positive Forecast for CubeSmart (NYSE:CUBE) Stock Price

by · The Cerbat Gem

CubeSmart (NYSE:CUBE – Get Free Report) had its price objective lifted by investment analysts at Wells Fargo & Company from $39.00 to $40.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 1.91% from the stock’s previous close.

A number of other research analysts also recently issued reports on CUBE. Royal Bank Of Canada reissued an “outperform” rating and issued a $46.00 price target on shares of CubeSmart in a report on Monday, May 4th. Scotiabank raised shares of CubeSmart to a “hold” rating in a report on Thursday, March 19th. BNP Paribas Exane raised shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective for the company in a report on Wednesday, March 18th. Barclays lifted their price objective on shares of CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Finally, Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, CubeSmart currently has an average rating of “Hold” and an average target price of $43.42.

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CubeSmart Stock Performance

NYSE CUBE traded down $0.75 during trading hours on Monday, reaching $39.25. The stock had a trading volume of 432,413 shares, compared to its average volume of 2,306,500. The stock has a fifty day moving average of $38.85 and a 200 day moving average of $38.12. The stock has a market cap of $8.89 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 6.91 and a beta of 1.09. CubeSmart has a 52-week low of $35.09 and a 52-week high of $44.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04.

CubeSmart (NYSE:CUBE – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The company had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. During the same period in the previous year, the company posted $0.64 earnings per share. CubeSmart’s revenue for the quarter 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. Sell-side analysts predict that CubeSmart will post 2.58 earnings per share for the current year.

Insider Activity at CubeSmart

In other news, insider Jeffrey P. Foster sold 23,148 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total transaction of $949,530.96. Following the completion of the sale, the insider owned 205,057 shares of the company’s stock, valued at $8,411,438.14. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.76% of the stock is owned by corporate insiders.

Institutional Trading of CubeSmart

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of CubeSmart during the fourth quarter worth about $395,968,000. JPMorgan Chase & Co. increased its stake in shares of CubeSmart by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 5,340,869 shares of the real estate investment trust’s stock worth $217,162,000 after purchasing an additional 91,694 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of CubeSmart by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock worth $169,975,000 after purchasing an additional 52,207 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in shares of CubeSmart by 36.4% during the third 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 purchasing an additional 1,143,464 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in CubeSmart by 3.1% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust’s stock valued at $125,084,000 after purchasing an additional 105,105 shares during the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

About CubeSmart

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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.

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