Aberdeen Group plc Increases Position in CubeSmart $CUBE

Key Points

• Aberdeen Group plc increased its holdings in CubeSmart by 29.9% during the second quarter, bringing its total to 96,840 shares valued at $4,116,000.
• Several institutional investors have participated in CubeSmart's stock acquisition, with T. Rowe Price increasing its holdings by 28.8% and Millennium Management raising theirs by 129.6%.
• CubeSmart announced a quarterly dividend of $0.52 per share, representing an annualized yield of 5.0% and indicating a payout ratio of 126.83%.

Aberdeen Group plc raised its holdings in shares of CubeSmart (NYSE:CUBE - Free Report) by 29.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,840 shares of the real estate investment trust's stock after acquiring an additional 22,300 shares during the quarter. Aberdeen Group plc's holdings in CubeSmart were worth $4,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CUBE. T. Rowe Price Investment Management Inc. raised its holdings in CubeSmart by 28.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,664,210 shares of the real estate investment trust's stock valued at $370,049,000 after acquiring an additional 1,937,055 shares during the period. Millennium Management LLC raised its holdings in CubeSmart by 129.6% during the 1st quarter. Millennium Management LLC now owns 2,261,419 shares of the real estate investment trust's stock valued at $96,585,000 after acquiring an additional 1,276,340 shares during the period. Nuveen LLC bought a new stake in CubeSmart during the 1st quarter valued at $53,980,000. JPMorgan Chase & Co. raised its holdings in CubeSmart by 29.3% during the 1st quarter. JPMorgan Chase & Co. now owns 5,561,206 shares of the real estate investment trust's stock valued at $237,519,000 after acquiring an additional 1,261,746 shares during the period. Finally, Long Pond Capital LP bought a new stake in CubeSmart during the 1st quarter valued at $47,358,000. Institutional investors own 97.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CUBE shares. Citigroup lowered their target price on shares of CubeSmart from $45.00 to $43.00 and set a "neutral" rating on the stock in a report on Monday, August 25th. Evercore ISI upped their price target on shares of CubeSmart from $48.00 to $49.00 and gave the stock an "outperform" rating in a report on Friday, October 3rd. Royal Bank Of Canada decreased their price target on shares of CubeSmart from $48.00 to $47.00 and set an "outperform" rating on the stock in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $45.00 price target on shares of CubeSmart and gave the stock a "buy" rating in a report on Monday. Finally, UBS Group decreased their price target on shares of CubeSmart from $45.00 to $42.00 and set a "neutral" rating on the stock in a report on Tuesday, September 16th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, CubeSmart currently has a consensus rating of "Hold" and an average target price of $46.06.

CubeSmart Stock Up 1.9%

Shares of NYSE:CUBE opened at $41.89 on Friday. CubeSmart has a 52-week low of $34.24 and a 52-week high of $50.69. The firm has a fifty day moving average of $40.35 and a 200 day moving average of $41.00. The firm has a market capitalization of $9.55 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 9.14 and a beta of 0.96. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.06 and a current ratio of 0.06.

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

CubeSmart Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a $0.52 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $2.08 annualized dividend and a yield of 5.0%. CubeSmart's payout ratio is 126.83%.

CubeSmart 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.

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