B. Metzler seel. Sohn & Co. AG acquired a new stake in CubeSmart (NYSE:CUBE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 70,771 shares of the real estate investment trust's stock, valued at approximately $2,815,000.
A number of other institutional investors and hedge funds have also made changes to their positions in CUBE. Cadence Bank acquired a new stake in shares of CubeSmart in the fourth quarter valued at about $4,043,000. Legal & General Group Plc increased its stake in shares of CubeSmart by 16.3% during the fourth quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust's stock worth $49,808,000 after purchasing an additional 193,467 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of CubeSmart by 2,806.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 228,407 shares of the real estate investment trust's stock worth $8,234,000 after purchasing an additional 220,549 shares in the last quarter. Lasalle Investment Management Securities LLC raised its position in shares of CubeSmart by 3.0% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust's stock worth $38,947,000 after purchasing an additional 31,187 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in shares of CubeSmart during the 4th quarter worth about $1,036,000. 97.61% of the stock is currently owned by hedge funds and other institutional investors.
CubeSmart Price Performance
CUBE stock opened at $40.95 on Friday. CubeSmart has a 1 year low of $35.09 and a 1 year high of $43.26. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $9.22 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 6.73 and a beta of 1.07. The business has a 50 day simple moving average of $41.11 and a 200-day simple moving average of $39.86.
CubeSmart (NYSE:CUBE - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.25). The company had revenue of $286.49 million for the quarter, compared to analysts' expectations of $281.12 million. CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Equities research analysts anticipate that CubeSmart will post 2.57 earnings per share for the current fiscal year.
CubeSmart Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Thursday, October 1st. CubeSmart's payout ratio is currently 146.21%.
Analyst Ratings Changes
A number of brokerages have commented on CUBE. Barclays raised CubeSmart from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $45.00 to $46.00 in a report on Friday, July 10th. Truist Financial boosted their price target on CubeSmart from $41.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, June 17th. Raymond James Financial assumed coverage on CubeSmart in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $44.00 price objective for the company. Wall Street Zen upgraded CubeSmart from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Evercore set a $47.00 target price on shares of CubeSmart in a research note on Monday, July 6th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $43.50.
View Our Latest Analysis on CUBE
About CubeSmart
(
Free Report)
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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