Exchange Traded Concepts LLC Grows Stake in CubeSmart $CUBE

Key Points

• Exchange Traded Concepts LLC significantly increased its stake in CubeSmart by 63.6%, owning 35,544 shares valued at approximately $1.51 million.
• CubeSmart reported earnings per share of $0.65 for the last quarter, beating estimates, and anticipates a Q3 2025 EPS guidance between 0.640-0.660.
• The real estate investment trust declared a quarterly dividend of $0.52, which represents an annualized yield of 5.2% and a payout ratio of 126.83%.

Exchange Traded Concepts LLC increased its holdings in CubeSmart (NYSE:CUBE - Free Report) by 63.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,544 shares of the real estate investment trust's stock after buying an additional 13,822 shares during the period. Exchange Traded Concepts LLC's holdings in CubeSmart were worth $1,511,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CUBE. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in CubeSmart by 4.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 47,920 shares of the real estate investment trust's stock valued at $2,037,000 after buying an additional 2,018 shares in the last quarter. Pallas Capital Advisors LLC increased its position in shares of CubeSmart by 5.2% during the 2nd quarter. Pallas Capital Advisors LLC now owns 50,866 shares of the real estate investment trust's stock worth $2,162,000 after purchasing an additional 2,537 shares in the last quarter. Mirador Capital Partners LP grew its position in CubeSmart by 4.8% during the 2nd quarter. Mirador Capital Partners LP now owns 13,940 shares of the real estate investment trust's stock worth $592,000 after acquiring an additional 637 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in CubeSmart by 8.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 228,461 shares of the real estate investment trust's stock worth $9,710,000 after acquiring an additional 17,994 shares during the last quarter. Finally, Gallacher Capital Management LLC raised its position in CubeSmart by 20.9% in the 2nd quarter. Gallacher Capital Management LLC now owns 22,269 shares of the real estate investment trust's stock worth $946,000 after purchasing an additional 3,855 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company's stock.

Wall Street Analysts Forecast Growth

CUBE has been the subject of several research analyst reports. Evercore ISI raised shares of CubeSmart from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $47.00 to $48.00 in a report on Monday, September 15th. Citigroup reduced their price target on shares of CubeSmart from $45.00 to $43.00 and set a "neutral" rating on the stock in a research note on Monday, August 25th. Mizuho upped their target price on CubeSmart from $39.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. Wall Street Zen raised shares of CubeSmart from a "sell" rating to a "hold" rating in a research report on Sunday. Finally, Barclays cut their price objective on shares of CubeSmart from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $46.00.

CubeSmart Trading Down 0.2%

Shares of CUBE traded down $0.08 during mid-day trading on Monday, hitting $40.12. 2,045,597 shares of the company's stock traded hands, compared to its average volume of 1,714,608. The business's 50-day moving average price is $40.48 and its 200-day moving average price is $41.18. The firm has a market capitalization of $9.15 billion, a P/E ratio of 24.46, a PEG ratio of 8.95 and a beta of 0.94. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.18. CubeSmart has a 1 year low of $34.24 and a 1 year high of $54.67.

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 (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 analyst estimates of $275.71 million. During the same period last year, the business earned $0.64 earnings per share. The business's revenue 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, sell-side analysts forecast that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart's payout ratio is 126.83%.

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.