Wells Fargo & Company Raises CubeSmart (NYSE:CUBE) Price Target to $42.00

CubeSmart (NYSE:CUBE) had its target price raised by Wells Fargo & Company from $40.00 to $42.00 in a report released on Friday, Marketbeat reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 0.20% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Barclays upgraded CubeSmart from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $45.00 to $46.00 in a report on Friday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, July 15th. Mizuho increased their price target on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Raymond James Financial started coverage on shares of CubeSmart in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price objective for the company. Finally, Truist Financial raised their price target on shares of CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, CubeSmart presently has a consensus rating of “Hold” and an average target price of $43.42.

CubeSmart Stock Up 2.6%

Shares of NYSE CUBE opened at $42.09 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $40.55 and its two-hundred day moving average is $39.34. CubeSmart has a 52-week low of $35.09 and a 52-week high of $42.90. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 7.28 and a beta of 1.08.

CubeSmart (NYSE:CUBE) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The business 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 posted $0.64 earnings per share. The company’s quarterly revenue 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. Research analysts predict that CubeSmart will post 2.57 EPS for the current year.

Institutional Trading of CubeSmart

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in shares of CubeSmart by 1.3% during the first quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust’s stock worth $7,429,000 after purchasing an additional 2,284 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of CubeSmart by 944.3% during the first quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 6,412 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of CubeSmart by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust’s stock valued at $20,684,000 after purchasing an additional 19,476 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of CubeSmart in the 1st quarter valued at about $270,000. Finally, Cetera Investment Advisers boosted its position in shares of CubeSmart by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after purchasing an additional 265 shares during the period. 97.61% of the stock is owned by hedge funds and other 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.