CX Institutional Has $4.82 Million Holdings in CubeSmart $CUBE

Key Points

• CX Institutional increased its stake in CubeSmart by 48.4%, owning 113,363 shares valued at $4.8 million as of the latest SEC filing.
• CubeSmart announced a quarterly dividend of $0.52 per share, providing an annual yield of 5.2%, with the payment scheduled for October 15th.
• Analysts have mixed ratings for CubeSmart, with a consensus target price of $46.00 and a balance of Buy and Hold ratings among the research community.

CX Institutional grew its stake in shares of CubeSmart (NYSE:CUBE - Free Report) by 48.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,363 shares of the real estate investment trust's stock after purchasing an additional 36,961 shares during the quarter. CX Institutional's holdings in CubeSmart were worth $4,818,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of CubeSmart by 115.2% during the 1st quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 501 shares during the last quarter. Covestor Ltd increased its holdings 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 acquiring an additional 292 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of CubeSmart by 446.2% during the 1st 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. UMB Bank n.a. increased its holdings in shares of CubeSmart by 103.5% during the 1st quarter. UMB Bank n.a. now owns 1,917 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 975 shares during the last quarter. Finally, CWM LLC increased its holdings 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 acquiring an additional 371 shares during the last quarter. 97.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on CUBE. UBS Group decreased their price objective on CubeSmart from $45.00 to $42.00 and set a "neutral" rating on the stock in a report on Tuesday, September 16th. Barclays decreased their price objective on CubeSmart from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Wall Street Zen raised CubeSmart from a "sell" rating to a "hold" rating in a report on Sunday. BNP Paribas Exane assumed coverage on CubeSmart in a research report on Tuesday, June 24th. They set a "neutral" rating and a $46.00 target price for the company. 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 report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $46.00.

CubeSmart Price Performance

CUBE traded down $0.05 on Tuesday, reaching $40.02. The stock had a trading volume of 426,237 shares, compared to its average volume of 1,779,423. CubeSmart has a fifty-two week low of $34.24 and a fifty-two week high of $54.17. The firm has a 50-day moving average of $40.48 and a 200-day moving average of $41.18. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 8.95 and a beta of 0.94.

CubeSmart (NYSE:CUBE - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The company 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 company earned $0.64 earnings per share. The firm's revenue 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. As a group, sell-side analysts anticipate that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.08 annualized dividend and a yield of 5.2%. CubeSmart's dividend payout ratio (DPR) is currently 126.83%.

About CubeSmart

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.