Algert Global LLC Makes New Investment in CubeSmart $CUBE

Key Points

• Algert Global LLC has made a new investment of approximately $3.91 million by acquiring 91,500 shares in CubeSmart (NYSE:CUBE) during the first quarter.
• CubeSmart reported earnings of $0.65 per share for the quarter, exceeding analysts' expectations, and has set its Q3 2025 guidance at 0.640-0.660 EPS.
• The company announced a quarterly dividend of $0.52 per share, reflecting a dividend yield of 5.2% and a payout ratio of 126.83%.

Algert Global LLC purchased a new position in CubeSmart (NYSE:CUBE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 91,500 shares of the real estate investment trust's stock, valued at approximately $3,908,000.

Several other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in CubeSmart by 115.2% in the first quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust's stock worth $37,000 after buying an additional 501 shares during the last quarter. Covestor Ltd lifted its position in CubeSmart by 22.8% in the 1st quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 292 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in CubeSmart by 446.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 1,468 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of CubeSmart by 103.5% in the 1st quarter. UMB Bank n.a. now owns 1,917 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 975 shares in the last quarter. Finally, CWM LLC raised its stake 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 purchasing an additional 371 shares during the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Stock Performance

Shares of CUBE stock traded up $1.05 during mid-day trading on Friday, reaching $41.07. 1,223,453 shares of the company's stock traded hands, compared to its average volume of 1,770,445. 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 capitalization of $9.37 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 9.15 and a beta of 0.94. CubeSmart has a 12 month low of $34.24 and a 12 month high of $55.14. The firm has a 50 day moving average price of $41.27 and a two-hundred day moving average price of $41.38.

CubeSmart (NYSE:CUBE - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $282.30 million for the quarter, compared to the consensus estimate of $275.71 million. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $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, research analysts forecast that CubeSmart will post 2.64 EPS 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 dividend of $0.52 per share. The ex-dividend date is Wednesday, October 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.1%. CubeSmart's payout ratio is 126.83%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CUBE shares. Evercore ISI decreased their target price on CubeSmart from $48.00 to $47.00 and set an "in-line" rating for the company in a research report on Monday, August 4th. Wolfe Research initiated coverage on shares of CubeSmart in a research note on Monday, May 19th. They issued an "outperform" rating and a $48.00 price target for the company. Truist Financial increased their price objective on shares of CubeSmart from $47.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, May 19th. BNP Paribas raised shares of CubeSmart to a "hold" rating in a research report on Tuesday, June 24th. Finally, Barclays lowered their price target on CubeSmart from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, CubeSmart presently has a consensus rating of "Hold" and a consensus target price of $46.93.

About CubeSmart

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.