Algert Global LLC Lowers Holdings in CubeSmart $CUBE

Algert Global LLC decreased its holdings in shares of CubeSmart (NYSE:CUBE - Free Report) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 461,180 shares of the real estate investment trust's stock after selling 51,116 shares during the quarter. Algert Global LLC owned about 0.20% of CubeSmart worth $18,341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CUBE. BlackRock Inc. purchased a new stake in CubeSmart in the 2nd quarter valued at about $1,349,164,000. Norges Bank purchased a new position in shares of CubeSmart during the 4th quarter worth approximately $395,968,000. Geode Capital Management LLC increased its holdings in CubeSmart by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust's stock valued at $169,975,000 after purchasing an additional 52,207 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in CubeSmart by 36.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust's stock valued at $174,185,000 after purchasing an additional 1,143,464 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in CubeSmart by 3.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust's stock valued at $125,084,000 after purchasing an additional 105,105 shares during the period. Hedge funds and other institutional investors own 97.61% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on CUBE. Wells Fargo & Company upped their price target on CubeSmart from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, July 24th. KeyCorp reiterated a "sector weight" rating on shares of CubeSmart in a report on Tuesday, August 4th. Wall Street Zen raised CubeSmart from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Truist Financial raised their target price on CubeSmart from $41.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday, June 17th. Finally, Evercore set a $47.00 target price on CubeSmart in a report on Monday, July 6th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $43.55.

CubeSmart Trading Up 0.0%

CUBE opened at $40.90 on Tuesday. The business has a fifty day moving average price of $41.10 and a 200 day moving average price of $39.90. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.26. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 6.73 and a beta of 1.07.

CubeSmart (NYSE:CUBE - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.25). The company had revenue of $286.49 million during the quarter, compared to analyst estimates of $281.12 million. CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. CubeSmart's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. Sell-side analysts expect that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a $0.53 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.2%. CubeSmart's dividend payout ratio is currently 146.21%.

CubeSmart Company Profile

CubeSmart NYSE: CUBE is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company's portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart's facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.

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