Boston Trust Walden Corp Acquires 255,916 Shares of CubeSmart $CUBE

Key Points

• Boston Trust Walden Corp increased its stake in CubeSmart (NYSE:CUBE) by 28.2%, purchasing an additional 255,916 shares, bringing its total holdings to approximately $49.4 million.
• CubeSmart reported $0.65 earnings per share for the last quarter, exceeding expectations, with a revenue of $282.3 million, marking a year-over-year increase of 6.0%.
• The company declared a quarterly dividend of $0.52 per share, equating to an annualized dividend yield of 5.1%, and has a high dividend payout ratio of 126.83%.

Boston Trust Walden Corp raised its holdings in CubeSmart (NYSE:CUBE - Free Report) by 28.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,162,643 shares of the real estate investment trust's stock after purchasing an additional 255,916 shares during the period. Boston Trust Walden Corp owned approximately 0.51% of CubeSmart worth $49,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CUBE. Allworth Financial LP lifted its holdings in shares of CubeSmart by 115.2% during the 1st quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 501 shares during the period. Covestor Ltd lifted its holdings in shares of CubeSmart by 22.8% during the 1st quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust's stock worth $67,000 after acquiring an additional 292 shares during the period. Signaturefd LLC lifted its holdings in shares of CubeSmart by 82.8% during the 2nd quarter. Signaturefd LLC now owns 1,680 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 761 shares during the period. IFP Advisors Inc lifted its holdings in shares of CubeSmart by 737.2% during the 2nd quarter. IFP Advisors Inc now owns 1,532 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 1,349 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of 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 worth $76,000 after acquiring an additional 1,468 shares during the period. Institutional investors own 97.61% of the company's stock.

CubeSmart Price Performance

CUBE stock opened at $40.97 on Wednesday. The company has a fifty day moving average price of $40.27 and a 200-day moving average price of $41.01. The company has a market capitalization of $9.34 billion, a P/E ratio of 24.98, a PEG ratio of 8.97 and a beta of 0.96. CubeSmart has a 52-week low of $34.24 and a 52-week high of $50.86. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.06 and a current ratio of 0.06.

CubeSmart (NYSE:CUBE - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The firm had revenue of $282.30 million during the quarter, compared to the consensus estimate of $275.71 million. During the same quarter last year, the firm earned $0.64 earnings per share. The company's revenue for the quarter was up 6.0% on a year-over-year basis. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. As a group, equities analysts expect that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, October 1st. This represents a $2.08 annualized dividend and a dividend yield of 5.1%. CubeSmart's dividend payout ratio is 126.83%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CUBE. BNP Paribas raised shares of CubeSmart to a "hold" rating in a report on Tuesday, June 24th. Citigroup cut their price target on shares of CubeSmart from $45.00 to $43.00 and set a "neutral" rating for the company in a report on Monday, August 25th. Wall Street Zen raised shares of CubeSmart from a "sell" rating to a "hold" rating in a report on Sunday, September 21st. Evercore ISI increased their price objective on shares of CubeSmart from $48.00 to $49.00 and gave the company an "outperform" rating in a research note on Friday, October 3rd. Finally, Barclays dropped their price objective on shares of CubeSmart from $48.00 to $45.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, CubeSmart currently has a consensus rating of "Hold" and a consensus price target of $46.06.

CubeSmart Profile

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.

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