Short interest for CubeSmart gives investors a sense of the degree to which investors are betting on the decline of CubeSmart's stock. Short interest data is updated every two weeks.

CubeSmart Stock (NYSE:CUBE), Short Interest Report

CubeSmart

CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.

Climate,Indoor,&amp;,Outdoor,Storages

REIT

Real Estate

CUBE

These Self-Storage REITs Yield Up to 6.3% and Have Track Records of Dividend Growth

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$LTC

Gain Exposure to Real Estate With These REITs Yielding Up to 7.1%

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Somnium Space Cubes

Cube - United States Dollar

A substantial insider activity was disclosed on May 6, as Keaton, COO at CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>), reported the exercise of a large sell of company stock options.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001298675/000122520824005673//Archives/edgar/data/1298675/000122520824005673/0001225208-24-005673-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Keaton, COO at CubeSmart, a company in the Real Estate sector, just exercised stock options worth 57,422 shares of CUBE stock with an exercise price of $27.82.
As of Tuesday morning, CubeSmart shares are down by 0.0%, with a current price of $41.85. This implies that Keaton's 57,422 shares have a value of $805,583.
<h3>About CubeSmart</h3>
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
<h3>CubeSmart's Economic Impact: An Analysis</h3>
Revenue Growth: CubeSmart's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 1.9%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 70.53%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): CubeSmart's EPS is below the industry average. The company faced challenges with a current EPS of 0.42. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: CubeSmart's debt-to-equity ratio is below the industry average. With a ratio of 1.07, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 23.12 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 8.98 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 17.53 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Unmasking the Significance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001298675">Check Out The Full List Of CubeSmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Insider Trades

Trading Ideas

Joel Keaton Exercises Options, Realizes $805K

CubeSmart's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) short percent of float has risen 7.43% since its last report. The company recently reported that it has 5.30 million shares sold short, which is 3.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>CubeSmart Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714666512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CubeSmart has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing CubeSmart's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, CubeSmart's peer group average for short interest as a percentage of float is 4.01%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About CubeSmart?

Guidance

CubeSmart Still Expects FY24 FFO Per Share, As Adjusted, Of $2.59-$2.69 (Est $2.65); $0.63-$0.65 For Q2 (Est $0.65)

CubeSmart Sees 2024 Adj. FFO $2.59-$2.69

CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) reported quarterly earnings of $0.64 per share which missed the analyst consensus estimate of $0.65 by 1.54 percent. The company reported quarterly sales of $261.406 million which beat the analyst consensus estimate of $242.356 million by 7.86 percent. This is a 1.90 percent increase over sales of $256.528 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

CubeSmart Q1 2024 FFO $0.64 Misses $0.65 Estimate, Sales $261.406M Beat $242.356M Estimate

Self-storage center real estate investment trusts (REITs) are companies that specialize in owning and operating income-generating storage facilities, commonly known as self-storage centers. Self-store center REITs invest in properties where individuals and businesses can rent space to store their belongings, such as furniture, household items, business inventory, and vehicles of all types.
Investors in self-storage center REITs benefit from the income generated through leasing storage units to tenants. The demand for self-storage has been driven by various factors, including residential moves, downsizing, and businesses seeking additional space.
If you're interested in investing in a self-storage REIT, here are two you could buy today.
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<li>Want To Grow Your Wealth Passively? Unlock Real Wealth with <a href="https://www.benzinga.com/money/cityfunds-yield">Cityfunds&#8217; Exclusive 8% Yield Fund</a>.</li>
</ul>
<h2 class="wp-block-heading">CubeSmart</h2>
CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) is the third largest owner and operator of self-storage facilities in the United States with a portfolio of <a href="https://s201.q4cdn.com/604002580/files/doc_presentations/2024/Mar/04/cube-ir-presentation-march-2024-final.pdf">1,406 properties</a> across 178 markets in 41 states and the District of Columbia.
CubeSmart currently pays a quarterly dividend of $0.51 per share, equating to an annualized dividend of $2.04 per share, which gives its stock a yield of about 4.9% at the time of this writing.
In addition to sporting a high yield, CubeSmart is a dividend-growth superstar. Its <a href="https://investors.cubesmart.com/news--events/news-details/2023/CubeSmart-Announces-4.1-Increase-in-Quarterly-Common-Dividend/default.aspx">4.1% hike in December</a> marked the 14th consecutive year in which it has raised its annual dividend payment.
<h2 class="wp-block-heading">Trending:</h2>
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</ul>
<h2 class="wp-block-heading">National Storage Affiliates Trust</h2>
National Storage Affiliates Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSA#NYSE">NSA</a>) is a leading owner and operator of self-storage facilities in the U.S. with ownership interests in <a href="https://d1io3yog0oux5.cloudfront.net/_7cb5f849447bdcf18d510090a08d741e/nationalstorageaffiliates/db/226/5086/pdf/NSA+Presentation_March+Update+2024_FINAL.pdf">1,050 properties</a> containing approximately 68.6 million rentable square feet across 42 states and Puerto Rico.
National Storage currently pays a quarterly dividend of $0.56 per share, equating to an annualized dividend of $2.24 per share, which gives its stock a yield of about 6.3% at the time of this writing.&nbsp;
Like CubeSmart, National Storage is a dividend-growth superstar. It has raised its annual dividend payment every year since its initial public offering in 2015, putting it on track for 2024 to mark the ninth consecutive year with an increase.
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Image Credit: Shutterstock

WIIM

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Shares of REITs are trading lower as Treasury yields rise following hotter-than-expected March inflation data.

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.
Let's take a look at two REITs with yields up to 7.1% that have been growing their dividends in recent years.
<h2 class="wp-block-heading">CubeSmart</h2>
CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) is the third largest owner and operator of self storage facilities in the United States. It currently owns or manages <a href="https://s201.q4cdn.com/604002580/files/doc_presentations/2024/Mar/04/cube-ir-presentation-march-2024-final.pdf">1,406 self storage properties</a> across 178 markets in 41 states and the District of Columbia.
CubeSmart currently pays a quarterly dividend of $0.51 per share, equating to an annualized dividend of $2.04 per share, which gives its stock a yield of about 4.4% at the time of this writing.
On top of having a high yield, CubeSmart is a dividend-growth star, as its <a href="https://investors.cubesmart.com/news--events/news-details/2023/CubeSmart-Announces-4.1-Increase-in-Quarterly-Common-Dividend/default.aspx">4.1% hike in December</a> marked the 14th consecutive year in which it has raised its annual dividend payment.
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</ul>
<h2 class="wp-block-heading">LTC Properties</h2>
LTC Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTC#NYSE">LTC</a>) is a REIT that invests primarily in senior housing and healthcare properties. Its portfolio currently consists of <a href="https://irp.cdn-website.com/86b996c9/files/uploaded/Investor%20Presentation%20April%202024.pdf">202 properties</a>, including 124 assisted living facilities and 77 skilled nursing facilities, across 26 states with 30 operating partners.
LTC currently pays a monthly dividend of $0.19 per share, equating to an annualized dividend of $2.28 per share, which gives its stock a yield of about 7.1% at the time of this writing.
On top of being a high yielder, LTC is a reliable dividend payer, as it has maintained its current monthly dividend rate since October 2016.
<h2 class="wp-block-heading">Explore Opportunities Beyond REITs</h2>
While publicly traded REITs offer a convenient way to invest in real estate, we believe that some of the most compelling opportunities lie in the private market. Benzinga's <a href="https://www.benzinga.com/go/real-estate-screener">real estate offering screener</a> features a curated selection of private market real estate offerings from trusted platforms with a track record of strong returns.
Whether you&#8217;re an accredited or non-accredited investor, you can filter opportunities based on your investment criteria, including minimum investment, property type and target return. These offerings provide a unique chance to diversify your portfolio and tap into potential high-yield investments that are not available on public exchanges.
<a href="https://www.benzinga.com/go/real-estate-screener">Browse offerings</a>
<h3 class="wp-block-heading">Latest Private Market Offerings</h3>
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<li><a href="https://www.benzinga.com/alternative-investments/listing/qoz-fund-iii">QOZ Fund III</a>: Realize massive tax benefits by investing in a portfolio of multifamily development projects with long-term growth potential located in designated Opportunity Zones.</li>
<li><a href="https://www.benzinga.com/alternative-investments/listing/incomeplus-fund">Income Plus Fund:</a> A private real estate fund for investors seeking passive income and appreciation &#8211; Target net annual return of 9% &#8211; 11%.&nbsp;</li>
<li><a href="https://www.benzinga.com/alternative-investments/listing/gold-leaf-farming-lp">Golden Leaf Farming LP</a>: Top-tier almond and pistachio farms with a target cash yield of 13.8%</li>
</ul>
Discover these and other exclusive real estate investment opportunities on Benzinga's offering screener. Dive into the private market and uncover the potential for substantial returns beyond the public REIT market.
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Image Credit: Shutterstock

Wells Fargo analyst Eric Luebchow maintains CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) with a Equal-Weight and raises the price target from $42 to $46.

Price Target

Analyst Ratings

Wells Fargo Maintains Equal-Weight on CubeSmart, Raises Price Target to $46

Raymond James analyst Jonathan Hughes reiterates CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) with a Outperform and maintains $48 price target.

Reiteration

Raymond James Reiterates Outperform on CubeSmart, Maintains $48 Price Target

4 analysts have shared their evaluations of CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $46.5, a high estimate of $53.00, and a low estimate of $40.00. Surpassing the previous average price target of $40.50, the current average has increased by 14.81%.
<img src="https://www.benzinga.com/files/images/story/2024/1711544432_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The perception of CubeSmart by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brendan Lynch</td>
<td>Barclays</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$48.00</td>
<td>-</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$45.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Omotayo Okusanya</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Sell</td>
<td>$40.00</td>
<td>-</td>
</tr>
<tr>
<td>Jonathan Petersen</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$53.00</td>
<td>$38.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to CubeSmart. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of CubeSmart compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of CubeSmart's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CUBE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CubeSmart analyst ratings.</a>
<h2>About CubeSmart</h2>
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
<h3>CubeSmart: Financial Performance Dissected</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: CubeSmart displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 1.59%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: CubeSmart's net margin is impressive, surpassing industry averages. With a net margin of 42.5%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): CubeSmart's ROE stands out, surpassing industry averages. With an impressive ROE of 4.02%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): CubeSmart's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.81%, the company showcases efficient use of assets and strong financial health.
Debt Management: CubeSmart's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.07.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating CubeSmart: Insights From 4 Financial Analysts

Barclays initiates coverage on CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) with a Equal-Weight rating and announces Price Target of $48.

Initiation

Barclays Initiates Coverage On CubeSmart with Equal-Weight Rating, Announces Price Target of $48

CubeSmart's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) short percent of float has risen 9.06% since its last report. The company recently reported that it has 5.70 million shares sold short, which is 2.89% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.36 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>CubeSmart Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711374311_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CubeSmart has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing CubeSmart's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, CubeSmart's peer group average for short interest as a percentage of float is 3.79%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Ratings for CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for CubeSmart, revealing an average target of $45.43, a high estimate of $53.00, and a low estimate of $40.00. This current average has increased by 9.47% from the previous average price target of $41.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1709586012_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The perception of CubeSmart by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$45.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Omotayo Okusanya</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Sell</td>
<td>$40.00</td>
<td>-</td>
</tr>
<tr>
<td>Jonathan Petersen</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$53.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$46.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Juan Sanabria</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$49.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Eric Luebchow</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$42.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$43.00</td>
<td>$42.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to CubeSmart. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of CubeSmart compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of CubeSmart's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into CubeSmart's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CUBE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on CubeSmart analyst ratings.</a>
<h2>Get to Know CubeSmart Better</h2>
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
<h3>A Deep Dive into CubeSmart's Financials</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: CubeSmart's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 2.47%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 38.32%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): CubeSmart's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.66%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): CubeSmart's ROA excels beyond industry benchmarks, reaching 1.64%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 1.06, CubeSmart adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From CubeSmart Analyst Ratings

Evercore ISI Group analyst Steve Sakwa maintains CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) with a In-Line and raises the price target from $43 to $45.

Evercore ISI Group Maintains In-Line on CubeSmart, Raises Price Target to $45

Exploring real estate investment trusts (REITs) like CubeSmart, Public Storage, and Extra Space Storage offers a clear view into how these entities are adapting to meet the evolving expectations of today&#8217;s market, especially the Gen Z demographic. This segment of consumers is distinct in its prioritization of technology and sustainability, two factors these REITs are focusing on in their operational strategies.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> Dara Khosrowshahi-backed startup</a> will allow you to become a landlord in just 10 minutes, and you only need $100.</li>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
</ul>
Public Storage
Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>), with a dividend of 4%, stands as a leader in the self-storage sector, differentiating itself through scale, brand recognition, and a widespread network of locations. Their business strategy includes continuous expansion through acquisitions and the development of new properties, particularly in high-demand areas that appeal to a broad demographic, including Gen Z. They adapt to the eco-conscious and tech-savvy nature of younger consumers by implementing sustainable practices, such as solar-powered units and energy-efficient lighting, and providing a digital-first customer experience. This approach not only strengthens their market position but also aligns with the environmental values and digital preferences of Gen Z, potentially increasing their loyalty and patronage.
<h3 class="wp-block-heading">Extra Space Storage</h3>
Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>), offering a dividend of 4%, has an operational strategy centered on maximizing customer convenience and leveraging technology to enhance the self-storage experience. The company focuses on smart facility upgrades, such as climate-controlled units and state-of-the-art security features, which are significant selling points for Gen Z consumers who value both innovation and the safety of their possessions. Extra Space Storage's marketing strategies are tailored to resonate with a younger demographic through social media engagement, mobile app functionality, and online customer service, reflecting Gen Z's preference for online interactions. Their strategic locations in urban and suburban areas ensure they serve customers who may be living in smaller spaces but need additional storage for their belongings.
CubeSmart&nbsp;
CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>), offering a dividend of 5%, has strategically positioned itself in the self-storage industry by prioritizing innovation and customer experience—key factors that resonate with Gen Z's preferences. The company's business model is built around providing convenient, flexible, and technologically advanced storage solutions. They leverage a robust online platform that offers easy rental processes, virtual tours, and online account management, aligning with Gen Z's expectations for seamless digital experiences. CubeSmart's investment in security technology and well-maintained, clean facilities addresses the safety and quality concerns that are important to younger consumers. By focusing on urban and densely populated suburban areas, CubeSmart taps into the growing segment of young adults who might lack adequate storage space in smaller living quarters.&nbsp;
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus &amp; Millichap is changing that,<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> allowing individuals to invest in commercial real estate with as little as $5,000.&nbsp;</a></li>
<li>Collecting passive income from real estate just got a whole lot simpler. A new<a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100"> real estate fund backed by Dara Khosrowshahi</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
</ul>
Image credit: Shutterstock

You Won't Believe How Gen Z is Transforming These REITs!

CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) reported quarterly earnings of $0.70 per share which beat the analyst consensus estimate of $0.68 by 2.94 percent. The company reported quarterly sales of $222.30 million which missed the analyst consensus estimate of $244.66 million by 9.14 percent. This is a 14.82 percent decrease over sales of $260.99 million the same period last year.

CubeSmart Q4 2023 FFO $0.70 Beats $0.68 Estimate, Sales $222.30M Miss $244.66M Estimate

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Melco Resorts & Entertainment Limited - American Depositary Shares

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Earnings Scheduled For February 29, 2024

CubeSmart's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) short percent of float has risen 9.06% since its last report. The company recently reported that it has 5.70 million shares sold short, which is 2.89% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.36 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>CubeSmart Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709134215_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CubeSmart has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing CubeSmart's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, CubeSmart's peer group average for short interest as a percentage of float is 3.94%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(CUBE) - Analyzing CubeSmart's Short Interest

CubeSmart's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) short percent of float has fallen 7.11% since its last report. The company recently reported that it has 4.37 million shares sold short, which is 2.22% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.96 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>CubeSmart Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707150613_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CubeSmart has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing CubeSmart's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, CubeSmart's peer group average for short interest as a percentage of float is 3.99%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

CubeSmart (CUBE) Q1 2024 Earnings Call Transcript

Benchmark Your Portfolio: The VNQ Challenge

Stagflation Is Back

KeyBanc analyst Todd Thomas reiterated a Hold rating on Cubesmart (CUBE – Research Report) today. The company's shares closed yesterday at $41.24. ...

Cubesmart (CUBE) Receives a Hold from KeyBanc

Analysts have been eager to weigh in on the Real Estate sector with new ratings on Apollo Real Estate (ARI – Research Report), Centerspace (CSR – R...

Analysts Offer Insights on Real Estate Companies: Apollo Real Estate (ARI), Centerspace (CSR) and Cubesmart (CUBE)

CubeSmart: Rising Costs And Declining Occupancy Are A Drain On FFO

13 Fast-Growing REITs With Strong Balance Sheets

The Labor Downshift

Cubesmart (CUBE) just unveiled an announcement. Dive into the world of stock trading where savvy investors navigate the complexities of financial m...

Cubesmart Investors Maneuver Through Market Complexities

The latest announcement is out from Cubesmart (CUBE). Dive into the dynamic world of stock trading with our latest insights, tailored for both new ...

Cubesmart Insights: Navigating Stock Markets with Expert Advice

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Dividends

Press Releases

CubeSmart Reports Second Quarter 2023 Results

CubeSmart Announces the Date of Its Third Quarter 2023 Earnings Release and Conference Call

CubeSmart Reports Third Quarter 2023 Results

CubeSmart Announces 4.1% Increase in Quarterly Common Dividend

CubeSmart Announces Tax Allocations of 2023 Distributions

CubeSmart Announces the Date of Its Fourth Quarter 2023 Earnings Release and Conference Call

CubeSmart Reports Fourth Quarter and Annual 2023 Results

CubeSmart Declares First Quarter 2024 Dividend

CubeSmart Announces the Date of Its First Quarter 2024 Earnings Release and Conference Call

CubeSmart Reports First Quarter 2024 Results

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CubeSmart Stock (NYSE:CUBE), Short Interest Report

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