Cbre Investment Management Listed Real Assets LLC Has $151.89 Million Stock Holdings in CubeSmart $CUBE

Key Points

• CBRE Investment Management listed Real Assets LLC increased its holdings in CubeSmart ($CUBE) by 5.6% during the first quarter, now owning approximately 3.56 million shares of the REIT.
• CubeSmart recently declared a quarterly dividend of $0.52 to be paid on October 15th, representing a 5.1% dividend yield with a payout ratio of 126.83%.
• Research analysts have a mixed outlook on CubeSmart, with an average rating of "Hold" and a price target of $46.93 following multiple upgrades and downgrades in ratings.

Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of CubeSmart (NYSE:CUBE - Free Report) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,556,377 shares of the real estate investment trust's stock after buying an additional 188,355 shares during the period. CubeSmart comprises approximately 2.3% of Cbre Investment Management Listed Real Assets LLC's investment portfolio, making the stock its 9th biggest position. Cbre Investment Management Listed Real Assets LLC owned approximately 1.56% of CubeSmart worth $151,893,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mariner LLC grew its stake in shares of CubeSmart by 2.5% in the fourth quarter. Mariner LLC now owns 13,653 shares of the real estate investment trust's stock worth $585,000 after purchasing an additional 328 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of CubeSmart in the fourth quarter worth $315,000. GeoWealth Management LLC grew its stake in shares of CubeSmart by 16.2% in the fourth quarter. GeoWealth Management LLC now owns 3,074 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 429 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of CubeSmart by 176.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 19,283 shares of the real estate investment trust's stock worth $826,000 after purchasing an additional 12,296 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of CubeSmart by 9.6% in the fourth quarter. Hsbc Holdings PLC now owns 360,492 shares of the real estate investment trust's stock worth $15,431,000 after purchasing an additional 31,506 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.

CubeSmart Stock Up 1.3%

NYSE:CUBE traded up $0.54 on Wednesday, hitting $40.76. The stock had a trading volume of 2,645,041 shares, compared to its average volume of 1,784,578. CubeSmart has a 1 year low of $34.24 and a 1 year high of $55.14. The firm's fifty day simple moving average is $41.16 and its two-hundred day simple moving average is $41.35. The stock has a market cap of $9.29 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 8.99 and a beta of 0.94. 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 earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. The firm had revenue of $282.30 million during the quarter, compared to the consensus estimate of $275.71 million. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The company's revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. Analysts predict that CubeSmart will post 2.64 earnings per share for the current year.

CubeSmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart's dividend payout ratio (DPR) is presently 126.83%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Bank of America raised shares of CubeSmart from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $44.00 to $50.00 in a research note on Tuesday, May 13th. Citigroup reduced their price objective on shares of CubeSmart from $45.00 to $43.00 and set a "neutral" rating on the stock in a research note on Monday. Scotiabank boosted their price objective on shares of CubeSmart from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Mizuho boosted their price objective on shares of CubeSmart from $39.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Finally, Wolfe Research began coverage on shares of CubeSmart in a research report on Monday, May 19th. They set an "outperform" rating and a $48.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, CubeSmart currently has a consensus rating of "Hold" and a consensus price target of $46.69.

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.