CubeSmart $CUBE Shares Bought by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in CubeSmart by 38.5%, purchasing an additional 7,000 shares, bringing its total ownership to 25,170 shares valued at approximately $1.07 million.
• Several hedge funds have significantly boosted their positions in CubeSmart during the first and second quarters, showcasing strong institutional interest in the REIT sector.
• The company's quarterly earnings report highlighted a net margin of 35.44% and a year-over-year revenue increase of 6%, indicating solid financial performance.

Vanguard Personalized Indexing Management LLC raised its holdings in shares of CubeSmart (NYSE:CUBE - Free Report) by 38.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,170 shares of the real estate investment trust's stock after purchasing an additional 7,000 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in CubeSmart were worth $1,070,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP boosted its position in CubeSmart by 115.2% during the 1st quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 501 shares during the period. Covestor Ltd lifted its stake in CubeSmart by 22.8% in the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 292 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of CubeSmart by 82.8% during the second quarter. Signaturefd LLC now owns 1,680 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 761 shares during the period. IFP Advisors Inc boosted its holdings in shares of CubeSmart by 737.2% during the second quarter. IFP Advisors Inc now owns 1,532 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 1,349 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of CubeSmart by 446.2% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust's stock worth $76,000 after acquiring an additional 1,468 shares during the last quarter. Institutional investors own 97.61% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group cut their price objective on shares of CubeSmart from $45.00 to $42.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 16th. Weiss Ratings restated a "hold (c)" rating on shares of CubeSmart in a research note on Wednesday, October 8th. Wall Street Zen raised CubeSmart from a "sell" rating to a "hold" rating in a report on Sunday, September 21st. Barclays reduced their price objective on CubeSmart from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Finally, Royal Bank Of Canada lowered their target price on CubeSmart from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $46.06.

CubeSmart Stock Up 0.8%

Shares of CUBE stock opened at $42.20 on Friday. CubeSmart has a 1 year low of $34.24 and a 1 year high of $50.69. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.06 and a current ratio of 0.06. The business's fifty day moving average is $40.42 and its 200-day moving average is $41.00. The stock has a market cap of $9.62 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 9.37 and a beta of 0.96.

CubeSmart (NYSE:CUBE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share for the quarter, beating 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 business had revenue of $282.30 million during the quarter, compared to analyst estimates of $275.71 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The company'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. Equities analysts expect that CubeSmart will post 2.64 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $2.08 annualized dividend and a dividend yield of 4.9%. CubeSmart's payout ratio is currently 126.83%.

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.

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