Summary:
- CubeSmart sustains its quarterly dividend with a 4.79% yield.
- Analysts predict a moderate upside for CubeSmart shares.
- The stock holds a "Hold" recommendation from brokerage firms.
CubeSmart (CUBE, Financial) has recently declared a consistent quarterly dividend of $0.52 per share. This decision maintains its previous payout level, with the dividend offering a forward yield of 4.79%. Investors who hold shares by July 1 will qualify for the payout on July 15. Despite ongoing market fluctuations, CubeSmart's financial performance and growth remain robust.
Wall Street Analysts' Outlook
In the arena of price forecasts, 16 Wall Street analysts have provided their one-year target prices for CubeSmart (CUBE, Financial). The average target price is pegged at $45.88, with an optimistic high estimate of $50.00 and a cautious low estimate of $39.00. This average target suggests a potential upside of 5.65% from the current market price of $43.42. For further insights, refer to our CubeSmart (CUBE) Forecast page.
The consensus recommendation from 18 brokerage firms places CubeSmart (CUBE, Financial) at an average recommendation of 2.6, indicative of a "Hold" status. This rating scale ranges from 1 (Strong Buy) to 5 (Sell), suggesting that the stock may be appropriately valued at its current level.
GuruFocus Valuation Estimates
According to GuruFocus, the estimated GF Value for CubeSmart (CUBE, Financial) one year from now is $46.01. This estimate indicates a projected upside of 5.96% from the current share price of $43.42. The GF Value takes into account the historical multiples at which the stock has traded, as well as past business growth and future performance estimates. Further details are available on the CubeSmart (CUBE) Summary page.
