CubeSmart (NYSE:CUBE – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.640-0.660 for the period, compared to the consensus earnings per share estimate of 0.650. The company issued revenue guidance of -. CubeSmart also updated its FY 2026 guidance to 2.540-2.600 EPS.
CubeSmart Stock Down 3.0%
CUBE traded down $1.26 during midday trading on Thursday, reaching $41.17. The company’s stock had a trading volume of 3,681,912 shares, compared to its average volume of 2,283,207. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 7.35 and a beta of 1.08. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. CubeSmart has a 1 year low of $35.09 and a 1 year high of $43.26. The stock’s 50-day moving average is $40.74 and its 200-day moving average is $39.49.
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 the consensus estimate of $0.34 by $0.02. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The firm had revenue of $281.93 million during the quarter, compared to analyst estimates of $275.25 million. During the same period last year, the business earned $0.64 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts expect that CubeSmart will post 2.58 EPS for the current year.
CubeSmart Announces Dividend
Analyst Upgrades and Downgrades
CUBE has been the subject of a number of recent research reports. Barclays upgraded CubeSmart from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $45.00 to $46.00 in a research note on Friday, July 10th. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Mizuho increased their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Wells Fargo & Company raised their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, Raymond James Financial initiated coverage on shares of CubeSmart in a report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 target price for the company. Six investment 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, the company has an average rating of “Hold” and an average price target of $43.42.
Read Our Latest Report on CUBE
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wiser Advisor Group LLC bought a new stake in CubeSmart in the 3rd quarter worth about $28,000. Geneos Wealth Management Inc. lifted its stake in CubeSmart by 174.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 568 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of CubeSmart during the 4th quarter valued at about $43,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of CubeSmart by 101.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,208 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 608 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of CubeSmart by 95.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,213 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 591 shares during the last quarter. 97.61% of the stock is owned by institutional investors.
CubeSmart Company Profile
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.
Featured Stories
- Five stocks we like better than CubeSmart
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for CubeSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CubeSmart and related companies with MarketBeat.com's FREE daily email newsletter.
