CubeSmart $CUBE Shares Sold by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its stake in CubeSmart (NYSE:CUBE) by 12.8%, selling 6,622 shares and holding 45,277 shares valued at approximately $1.93 million.
• CubeSmart reported earnings of $0.65 per share for the last quarter, beating expectations and showing a 6% year-over-year revenue increase to $282.3 million.
• The company announced a quarterly dividend of $0.52 per share, representing a 5.0% yield with a dividend payout ratio of 126.83%.

IFM Investors Pty Ltd trimmed its stake in shares of CubeSmart (NYSE:CUBE - Free Report) by 12.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,277 shares of the real estate investment trust's stock after selling 6,622 shares during the quarter. IFM Investors Pty Ltd's holdings in CubeSmart were worth $1,934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its position in 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 acquiring an additional 255 shares during the period. Covestor Ltd raised its stake in shares of CubeSmart by 22.8% during the 1st quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust's stock worth $67,000 after buying an additional 292 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of CubeSmart by 0.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 63,200 shares of the real estate investment trust's stock worth $2,699,000 after buying an additional 300 shares in the last quarter. Cerity Partners LLC raised its stake in shares of CubeSmart by 6.2% during the 1st quarter. Cerity Partners LLC now owns 5,375 shares of the real estate investment trust's stock worth $230,000 after buying an additional 316 shares in the last quarter. Finally, CWM LLC raised its stake in shares of CubeSmart by 23.5% during the 1st quarter. CWM LLC now owns 1,950 shares of the real estate investment trust's stock worth $83,000 after buying an additional 371 shares in the last quarter. 97.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup cut their target price on CubeSmart from $45.00 to $43.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. BNP Paribas Exane assumed coverage on CubeSmart in a research note on Tuesday, June 24th. They set a "neutral" rating and a $46.00 target price for the company. BNP Paribas raised CubeSmart to a "hold" rating in a research note on Tuesday, June 24th. Wall Street Zen downgraded CubeSmart from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Royal Bank Of Canada cut their target price on CubeSmart from $48.00 to $47.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.20.

CubeSmart Stock Performance

NYSE CUBE opened at $41.23 on Friday. CubeSmart has a 1-year low of $34.24 and a 1-year high of $55.14. The company has a market capitalization of $9.40 billion, a P/E ratio of 25.14, a PEG ratio of 9.27 and a beta of 0.94. The business has a 50 day moving average price of $40.69 and a 200 day moving average price of $41.26. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06.

CubeSmart (NYSE:CUBE - Get Free Report) last released 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 firm had revenue of $282.30 million during the quarter, compared to the consensus estimate of $275.71 million. During the same period last year, the business posted $0.64 EPS. CubeSmart's quarterly 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. Sell-side analysts expect that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, October 1st. CubeSmart's dividend payout ratio is 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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