Perpetual Ltd Purchases Shares of 14,738 CubeSmart $CUBE

Key Points

• Perpetual Ltd acquired 14,738 shares of CubeSmart, totaling approximately $626,000, during the second quarter.
• CubeSmart reported an earnings per share (EPS) of $0.65 for the last quarter, surpassing estimates, with a revenue of $282.30 million, a 6% increase from the previous year.
• The company announced a quarterly dividend of $0.52 per share, representing a 5.2% yield, with a payout ratio of 126.83%.

Perpetual Ltd acquired a new stake in shares of CubeSmart (NYSE:CUBE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,738 shares of the real estate investment trust's stock, valued at approximately $626,000.

Several other large investors also recently made changes to their positions in the business. Bessemer Group Inc. boosted its position in shares of CubeSmart by 7.4% during the 1st quarter. Bessemer Group Inc. now owns 3,721 shares of the real estate investment trust's stock valued at $158,000 after purchasing an additional 255 shares in the last quarter. Covestor Ltd boosted its holdings in shares of CubeSmart by 22.8% in the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust's stock worth $67,000 after buying an additional 292 shares during the period. UniSuper Management Pty Ltd boosted its holdings in shares of CubeSmart by 0.5% in the first quarter. UniSuper Management Pty Ltd now owns 63,200 shares of the real estate investment trust's stock worth $2,699,000 after buying an additional 300 shares during the period. Cerity Partners LLC boosted its holdings in shares of CubeSmart by 6.2% in the first quarter. Cerity Partners LLC now owns 5,375 shares of the real estate investment trust's stock worth $230,000 after buying an additional 316 shares during the period. Finally, CWM LLC boosted its holdings in shares of CubeSmart by 23.5% in the first quarter. CWM LLC now owns 1,950 shares of the real estate investment trust's stock worth $83,000 after buying an additional 371 shares during the period. Institutional investors own 97.61% of the company's stock.

CubeSmart Stock Down 0.2%

CUBE stock traded down $0.08 during trading hours on Monday, hitting $40.12. The company's stock had a trading volume of 2,045,597 shares, compared to its average volume of 1,714,608. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $9.15 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 8.95 and a beta of 0.94. CubeSmart has a 12 month low of $34.24 and a 12 month high of $54.67. The stock has a 50 day moving average price of $40.48 and a two-hundred day moving average price of $41.18.

CubeSmart (NYSE:CUBE - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $282.30 million during the quarter, compared to the consensus estimate of $275.71 million. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. On average, equities research analysts expect that CubeSmart will post 2.64 earnings per share for the current year.

CubeSmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a $0.52 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $2.08 dividend on an annualized basis and a yield of 5.2%. CubeSmart's dividend payout ratio (DPR) is presently 126.83%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group decreased their target price on shares of CubeSmart from $45.00 to $42.00 and set a "neutral" rating for the company in a report on Tuesday, September 16th. BMO Capital Markets raised shares of CubeSmart from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $48.00 to $49.00 in a research report on Friday, June 20th. Royal Bank Of Canada dropped their price objective on shares of CubeSmart from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. BNP Paribas upgraded shares of CubeSmart to a "hold" rating in a research note on Tuesday, June 24th. Finally, Evercore ISI upgraded shares of CubeSmart from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $47.00 to $48.00 in a research note on Monday, September 15th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $46.00.

CubeSmart Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.