Jump Financial LLC Invests $824,000 in CubeSmart $CUBE

Key Points

• Jump Financial LLC acquired 19,300 shares of CubeSmart, valued at approximately $824,000, marking a new investment for the firm.
• A significant percentage of CubeSmart's stock, approximately 97.61%, is now owned by institutional investors, indicating strong institutional support.
• CubeSmart announced a quarterly dividend of $0.52 to be paid on October 15th, reflecting an annualized dividend yield of 5.1%.

Jump Financial LLC bought a new position in CubeSmart (NYSE:CUBE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,300 shares of the real estate investment trust's stock, valued at approximately $824,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CUBE. Cbre Investment Management Listed Real Assets LLC increased its stake in CubeSmart by 5.6% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,556,377 shares of the real estate investment trust's stock valued at $151,893,000 after buying an additional 188,355 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of CubeSmart by 50.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,383 shares of the real estate investment trust's stock valued at $187,000 after acquiring an additional 1,465 shares during the last quarter. APG Asset Management US Inc. purchased a new stake in shares of CubeSmart during the first quarter valued at approximately $2,902,000. 1832 Asset Management L.P. raised its stake in shares of CubeSmart by 35.2% during the 1st quarter. 1832 Asset Management L.P. now owns 13,702 shares of the real estate investment trust's stock worth $585,000 after purchasing an additional 3,564 shares during the period. Finally, Norinchukin Bank The boosted its stake in CubeSmart by 4.5% in the first quarter. Norinchukin Bank The now owns 10,441 shares of the real estate investment trust's stock valued at $446,000 after acquiring an additional 445 shares during the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

CubeSmart Price Performance

CubeSmart stock traded down $0.23 during midday trading on Thursday, reaching $40.61. 471,290 shares of the stock were exchanged, compared to its average volume of 1,772,294. CubeSmart has a 52 week low of $34.24 and a 52 week high of $55.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market cap of $9.26 billion, a PE ratio of 24.75, a PEG ratio of 9.11 and a beta of 0.94. The company's fifty day moving average is $40.92 and its 200-day moving average is $41.30.

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

CubeSmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Wednesday, October 1st. CubeSmart's dividend payout ratio (DPR) is 126.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial upped their price target on CubeSmart from $47.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Scotiabank upped their price objective on shares of CubeSmart from $40.00 to $45.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Evercore ISI reduced their target price on shares of CubeSmart from $48.00 to $47.00 and set an "in-line" rating for the company in a research note on Monday, August 4th. BNP Paribas Exane assumed coverage on shares of CubeSmart in a research report on Tuesday, June 24th. They issued a "neutral" rating and a $46.00 price target on the stock. Finally, Royal Bank Of Canada cut their price objective on shares of CubeSmart from $48.00 to $47.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, CubeSmart currently has a consensus rating of "Hold" and a consensus target price of $46.69.

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.