Corient Private Wealth LP Buys New Position in CubeSmart $CUBE

Key Points

• Corient Private Wealth LP acquired 130,610 CubeSmart shares worth approximately $5.2 million, representing about 0.06% of the self-storage REIT. Institutional investors collectively own 97.61% of the company.
• CubeSmart’s latest quarterly EPS of $0.39 missed the $0.64 consensus estimate, although revenue rose 1.5% year over year to $286.5 million. The company provided full-year 2026 EPS guidance of $2.54–$2.60.
• CubeSmart declared a quarterly dividend of $0.53, or $2.12 annually, equating to a 5.3% yield. Analysts’ consensus rating is “Hold,” with an average price target of $43.55 versus the stock’s cited price of $39.73.

Corient Private Wealth LP purchased a new position in shares of CubeSmart (NYSE:CUBE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 130,610 shares of the real estate investment trust's stock, valued at approximately $5,194,000. Corient Private Wealth LP owned approximately 0.06% of CubeSmart at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada lifted its holdings in CubeSmart by 1.3% during the first quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust's stock worth $7,429,000 after acquiring an additional 2,284 shares during the period. Jones Financial Companies Lllp increased its position in shares of CubeSmart by 944.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust's stock valued at $303,000 after purchasing an additional 6,412 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of CubeSmart by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust's stock valued at $20,684,000 after purchasing an additional 19,476 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of CubeSmart during the 1st quarter worth $270,000. Finally, Cetera Investment Advisers raised its stake in shares of CubeSmart by 1.6% during the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust's stock worth $731,000 after purchasing an additional 265 shares during the period. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Price Performance

CUBE stock opened at $39.73 on Tuesday. The firm has a 50 day moving average of $41.06 and a 200-day moving average of $39.96. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $8.95 billion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 6.58 and a beta of 1.07. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.26.

CubeSmart (NYSE:CUBE - Get Free Report) last posted its earnings results 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). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The firm had revenue of $286.49 million during the quarter, compared to analysts' expectations of $281.12 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. 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 predict that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Thursday, October 1st. CubeSmart's dividend payout ratio (DPR) is 146.21%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CUBE. Wells Fargo & Company upped their price target on CubeSmart from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. Royal Bank Of Canada reissued an "outperform" rating and issued a $47.00 price objective on shares of CubeSmart in a report on Tuesday, August 4th. Weiss Ratings restated a "hold (c)" rating on shares of CubeSmart in a research note on Wednesday, July 15th. Truist Financial upped their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday, June 17th. Finally, Barclays upgraded shares of CubeSmart from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $43.55.

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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