CubeSmart $CUBE Shares Purchased by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in CubeSmart by 43.4%, holding 98,606 shares valued at approximately $4.19 million as of the end of the second quarter.
• CubeSmart's recent earnings report showed earnings per share of $0.65, exceeding the consensus estimate of $0.63, while revenue increased by 6.0% year-over-year.
• The company declared a quarterly dividend of $0.52, resulting in an annualized yield of 5.1%, despite a payout ratio of 126.83%.

Knights of Columbus Asset Advisors LLC increased its position in shares of CubeSmart (NYSE:CUBE - Free Report) by 43.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,606 shares of the real estate investment trust's stock after purchasing an additional 29,860 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in CubeSmart were worth $4,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in shares of CubeSmart by 7.4% during the 1st quarter. Bessemer Group Inc. now owns 3,721 shares of the real estate investment trust's stock worth $158,000 after buying an additional 255 shares during the last quarter. Covestor Ltd increased its stake in CubeSmart by 22.8% during the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust's stock worth $67,000 after acquiring an additional 292 shares during the last quarter. UniSuper Management Pty Ltd raised its position in CubeSmart by 0.5% in the first quarter. UniSuper Management Pty Ltd now owns 63,200 shares of the real estate investment trust's stock valued at $2,699,000 after purchasing an additional 300 shares during the period. Cerity Partners LLC lifted its stake in shares of CubeSmart by 6.2% in the 1st quarter. Cerity Partners LLC now owns 5,375 shares of the real estate investment trust's stock valued at $230,000 after purchasing an additional 316 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of CubeSmart by 23.5% in the 1st quarter. CWM LLC now owns 1,950 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 371 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CUBE has been the subject of a number of recent analyst reports. 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 report on Monday, August 25th. Barclays dropped their price target on shares of CubeSmart from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Wall Street Zen upgraded shares of CubeSmart from a "sell" rating to a "hold" rating in a report on Sunday, September 21st. BNP Paribas Exane initiated coverage on shares of CubeSmart in a report on Tuesday, June 24th. They issued a "neutral" rating and a $46.00 target price for the company. Finally, UBS Group cut their target price on CubeSmart from $45.00 to $42.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 16th. Seven 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 presently has a consensus rating of "Hold" and an average target price of $46.06.

CubeSmart Price Performance

CubeSmart stock opened at $40.70 on Monday. 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 52-week low of $34.24 and a 52-week high of $51.85. The firm has a market cap of $9.28 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 9.06 and a beta of 0.96. The company's 50 day moving average is $40.30 and its two-hundred day moving average is $41.08.

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 (EPS) 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 for the quarter, compared to analysts' expectations of $275.71 million. During the same period last year, the firm earned $0.64 earnings per share. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. On average, research analysts expect that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a $0.52 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $2.08 dividend on an annualized basis and a yield of 5.1%. 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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