Alyeska Investment Group L.P. Has $81.95 Million Stock Position in CubeSmart $CUBE

Alyeska Investment Group L.P. lessened its stake in CubeSmart (NYSE:CUBE - Free Report) by 15.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,060,726 shares of the real estate investment trust's stock after selling 384,743 shares during the quarter. Alyeska Investment Group L.P. owned about 0.92% of CubeSmart worth $81,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CUBE. Northwestern Mutual Wealth Management Co. lifted its stake in shares of CubeSmart by 15.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,245 shares of the real estate investment trust's stock valued at $209,000 after acquiring an additional 703 shares during the period. United Capital Financial Advisors LLC acquired a new stake in CubeSmart in the second quarter worth about $291,000. Papamarkou Wellner Asset Management inc. acquired a new stake in CubeSmart in the second quarter worth about $231,000. Pacific Heights Asset Management LLC bought a new stake in CubeSmart during the 2nd quarter worth about $19,885,000. Finally, Public Employees Retirement System of Ohio bought a new stake in CubeSmart during the 2nd quarter worth about $13,174,000. 97.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CUBE. Barclays upgraded shares of CubeSmart from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Wells Fargo & Company increased their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Truist Financial raised their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, June 17th. KeyCorp reaffirmed a "sector weight" rating on shares of CubeSmart in a report on Tuesday, August 4th. Finally, UBS Group upped their target price on shares of CubeSmart from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, CubeSmart has an average rating of "Hold" and an average target price of $43.55.

CubeSmart Stock Performance

Shares of NYSE:CUBE opened at $40.04 on Friday. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 6.58 and a beta of 1.07. The firm's 50 day simple moving average is $41.07 and its 200 day simple moving average is $39.94. 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 fifty-two week low of $35.09 and a fifty-two week high of $43.26.

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

CubeSmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, October 1st. This represents a $2.12 annualized dividend and a yield of 5.3%. CubeSmart's payout ratio is currently 146.21%.

CubeSmart 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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