Barrow Hanley Mewhinney & Strauss LLC Makes New $12.38 Million Investment in CubeSmart $CUBE

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 311,186 CubeSmart shares worth approximately $12.38 million, giving it a 0.14% stake. Institutional investors collectively own 97.61% of the REIT.
• CubeSmart reported quarterly EPS of $0.39, below the $0.64 consensus estimate, while revenue of $286.49 million exceeded forecasts and increased 1.5% year over year.
• The company declared a quarterly dividend of $0.53, equivalent to $2.12 annually and a 5.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $43.50.

Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in CubeSmart (NYSE:CUBE - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 311,186 shares of the real estate investment trust's stock, valued at approximately $12,376,000. Barrow Hanley Mewhinney & Strauss LLC owned about 0.14% of CubeSmart as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in CubeSmart during the 2nd quarter worth $1,349,164,000. Norges Bank bought a new position in CubeSmart in the fourth quarter valued at approximately $395,968,000. Geode Capital Management LLC boosted its stake 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 worth $169,975,000 after purchasing an additional 52,207 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of CubeSmart by 36.4% during the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust's stock worth $174,185,000 after buying an additional 1,143,464 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in CubeSmart by 3.1% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust's stock worth $125,084,000 after acquiring an additional 105,105 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company's stock.

CubeSmart Stock Performance

Shares of CUBE opened at $40.95 on Monday. The firm's fifty day simple moving average is $41.11 and its two-hundred day simple moving average is $39.88. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.26. The stock has a market capitalization of $9.22 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 6.73 and a beta of 1.07. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34.

CubeSmart (NYSE:CUBE - Get Free Report) last announced 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). The company had revenue of $286.49 million for 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 quarter in the prior year, the company 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. As a group, analysts predict that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Announces Dividend

The business 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 annualized dividend and a yield of 5.2%. CubeSmart's payout ratio is currently 146.21%.

Analyst Ratings Changes

CUBE has been the topic of several recent analyst reports. UBS Group boosted their price target on CubeSmart from $41.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, July 10th. Truist Financial boosted their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, June 17th. Weiss Ratings restated a "hold (c)" rating on shares of CubeSmart in a research note on Wednesday, July 15th. Wall Street Zen upgraded CubeSmart from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, Mizuho boosted their target price on shares of CubeSmart from $40.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, May 27th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, CubeSmart presently has a consensus rating of "Hold" and an average price target of $43.50.

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.

Want to see what other hedge funds are holding CUBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CubeSmart (NYSE:CUBE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source