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Investing.com - RBC Capital has lowered its price target on CubeSmart (NYSE:CUBE) to $46.00 from $47.00 while maintaining an Outperform rating on the self-storage real estate investment trust. CubeSmart currently trades at $37.67, with InvestingPro data showing the stock has taken a significant 9.62% hit over the past week.
The price target reduction follows CubeSmart’s third-quarter 2025 financial results, which RBC Capital described as "largely in line" with their expectations. The firm noted that move-in rates turning positive year-over-year represented a better-than-expected development.
RBC Capital expressed surprise at the negative share price reaction to the earnings report, particularly since CubeSmart’s larger competitors had already reported what the firm considered to be weaker results for the same period. Despite recent volatility, InvestingPro highlights that CubeSmart offers a 5.52% dividend yield and has maintained dividend payments for 21 consecutive years.
The investment bank suggested that market sentiment might be "finally adjusting away from expectations for a v-shaped storage recovery," indicating a more gradual improvement outlook for the self-storage sector.
As a result of the quarterly performance, RBC Capital reduced its 2026 core funds from operations per share estimate for CubeSmart by 1%, which contributed to the $1 reduction in the price target.
In other recent news, CubeSmart announced its third-quarter earnings for 2025, which showed mixed results. The company reported an earnings per share (EPS) of $0.36, slightly below the forecasted $0.38. However, CubeSmart’s revenue exceeded expectations, reaching $285.08 million compared to the anticipated $281.89 million. These figures reflect the company’s ongoing financial performance and market position. No significant mergers or acquisitions were reported during this period. Analyst notes on CubeSmart did not indicate any upgrades or downgrades in their stock ratings. These developments are part of CubeSmart’s recent financial activities, providing investors with insights into the company’s current standing.
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