Ceredex Value Advisors LLC Invests $11.38 Million in CubeSmart $CUBE

Key Points

• Ceredex Value Advisors acquired 286,250 CubeSmart shares worth approximately $11.38 million, while several other institutions also initiated positions. Institutional investors collectively own 97.61% of the REIT.
• Analysts maintain a generally cautious outlook, with six Buy ratings and nine Holds producing a consensus rating of “Hold” and an average price target of $43.50.
• CubeSmart reported quarterly EPS of $0.39, missing estimates of $0.64, despite revenue of $286.49 million exceeding expectations. The company declared a quarterly dividend of $0.53 per share, implying a 5.1% annualized yield.

Ceredex Value Advisors LLC purchased a new stake in shares of CubeSmart (NYSE:CUBE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 286,250 shares of the real estate investment trust's stock, valued at approximately $11,384,000. Ceredex Value Advisors LLC owned 0.13% of CubeSmart at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Trillium Asset Management LLC acquired a new position in CubeSmart in the 2nd quarter worth approximately $2,963,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in CubeSmart during the 2nd quarter valued at $991,000. AssuredPartners Investment Advisors LLC acquired a new stake in CubeSmart during the 2nd quarter valued at $341,000. West Family Investments Inc. purchased a new stake in shares of CubeSmart in the second quarter valued at $643,000. Finally, Alpine Woods Capital Investors LLC purchased a new stake in shares of CubeSmart in the second quarter valued at $288,000. Hedge funds and other institutional investors own 97.61% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CUBE shares. Weiss Ratings reiterated a "hold (c)" rating on shares of CubeSmart in a report on Wednesday, July 15th. Barclays raised CubeSmart from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $45.00 to $46.00 in a research note on Friday, July 10th. UBS Group raised their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, July 10th. KeyCorp reiterated a "sector weight" rating on shares of CubeSmart in a report on Tuesday, August 4th. Finally, Evercore set a $47.00 price target on shares of CubeSmart in a research report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $43.50.

CubeSmart Trading Down 0.7%

CubeSmart stock opened at $41.19 on Friday. The company's fifty day simple moving average is $41.12 and its 200-day simple moving average is $39.85. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.26. The stock has a market cap of $9.27 billion, a P/E ratio of 28.41, a P/E/G ratio of 6.82 and a beta of 1.07.

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 (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.25). The firm 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%.CubeSmart's revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 earnings per share. 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, sell-side analysts forecast that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.1%. CubeSmart's dividend payout ratio (DPR) is 146.21%.

CubeSmart Company 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.

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