BROOKFIELD Corp ON Acquires New Position in CubeSmart $CUBE

Key Points

• BROOKFIELD Corp ON acquired 215,136 shares of CubeSmart valued at approximately $9.2 million, representing a 0.09% ownership stake according to its recent SEC filing.
• CubeSmart reported earnings of $0.65 per share for the last quarter, exceeding expectations, with revenue of $282.3 million reflecting a 6% year-over-year increase.
• The company announced a quarterly dividend of $0.52 per share, indicating an annual yield of 5.0%, with a relatively high dividend payout ratio of 126.83%.

BROOKFIELD Corp ON acquired a new stake in shares of CubeSmart (NYSE:CUBE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 215,136 shares of the real estate investment trust's stock, valued at approximately $9,188,000. BROOKFIELD Corp ON owned 0.09% of CubeSmart as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP boosted its stake in CubeSmart by 115.2% in the 1st 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 increased its stake 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 valued at $67,000 after acquiring an additional 292 shares during the last quarter. Farther Finance Advisors LLC increased its stake 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 valued at $76,000 after acquiring an additional 1,468 shares during the last quarter. UMB Bank n.a. increased its stake in shares of CubeSmart by 103.5% during the 1st quarter. UMB Bank n.a. now owns 1,917 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 975 shares during the last quarter. Finally, CWM LLC increased its stake in shares of CubeSmart by 23.5% during the 1st quarter. CWM LLC now owns 1,950 shares of the real estate investment trust's stock valued at $83,000 after acquiring an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 97.61% of the company's stock.

CubeSmart Stock Performance

NYSE CUBE opened at $41.63 on Friday. The firm has a market capitalization of $9.49 billion, a P/E ratio of 25.38, a P/E/G ratio of 9.06 and a beta of 0.94. CubeSmart has a 1-year low of $34.24 and a 1-year high of $55.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06. The business's 50-day simple moving average is $40.73 and its 200-day simple moving average is $41.27.

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

CubeSmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a $0.52 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.0%. CubeSmart's dividend payout ratio (DPR) is 126.83%.

Analyst Upgrades and Downgrades

CUBE has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of CubeSmart from $47.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, May 19th. BNP Paribas Exane initiated coverage on shares of CubeSmart in a research note on Tuesday, June 24th. They set a "neutral" rating and a $46.00 price objective for the company. Wolfe Research initiated coverage on shares of CubeSmart in a research note on Monday, May 19th. They set an "outperform" rating and a $48.00 price objective for the company. Citigroup dropped their price objective on shares of CubeSmart from $45.00 to $43.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. Finally, Royal Bank Of Canada reduced their price objective on CubeSmart from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, CubeSmart presently has an average rating of "Hold" and a consensus target price of $46.69.

CubeSmart Company 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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