CubeSmart (NYSE:CUBE) Reaches New 52-Week High After Dividend Announcement

Posted by Francis Steltz on Jul 30th, 2026

CubeSmart (NYSE:CUBE – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as $43.06 and last traded at $43.0880, with a volume of 84462 shares changing hands. The stock had previously closed at $42.28.

The newly announced dividend which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be 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 is Thursday, October 1st. CubeSmart’s dividend payout ratio (DPR) is 149.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CUBE shares. Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Evercore set a $47.00 price target on shares of CubeSmart in a research report on Monday, July 6th. Wells Fargo & Company raised their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Barclays upgraded CubeSmart from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Finally, Raymond James Financial assumed coverage on CubeSmart in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, CubeSmart has a consensus rating of “Hold” and a consensus target price of $43.42.

View Our Latest Research Report on CUBE

CubeSmart Stock Performance

The firm has a market cap of $9.60 billion, a PE ratio of 29.85, a P/E/G ratio of 7.35 and a beta of 1.08. The stock has a 50-day moving average price of $40.74 and a 200 day moving average price of $39.49. 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 – Get Free Report) last released its 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. The firm had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. CubeSmart’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 earnings per share. Research analysts forecast that CubeSmart will post 2.58 earnings per share for the current year.

Institutional Trading of CubeSmart

Institutional investors and hedge funds have recently made changes to their positions in the company. Gradient Investments LLC boosted its holdings in CubeSmart by 14.1% in the second quarter. Gradient Investments LLC now owns 75,384 shares of the real estate investment trust’s stock valued at $2,998,000 after acquiring an additional 9,343 shares during the last quarter. Elevation Wealth Partners LLC grew its position in CubeSmart by 38.1% during the second quarter. Elevation Wealth Partners LLC now owns 1,417 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 391 shares during the period. GAMMA Investing LLC increased its stake in CubeSmart by 25.9% during the second quarter. GAMMA Investing LLC now owns 3,547 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 730 shares during the last quarter. Alpine Woods Capital Investors LLC acquired a new stake in CubeSmart during the first quarter worth about $299,000. Finally, Essential Partners LLC raised its holdings in shares of CubeSmart by 594.7% in the 1st quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 779 shares during the period. 97.61% of the stock is currently owned by institutional investors and hedge funds.

About CubeSmart

(Get Free Report)

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.