Daiwa Securities Group Inc. Has $8.96 Million Stock Position in CubeSmart $CUBE

Daiwa Securities Group Inc. lifted its holdings in shares of CubeSmart (NYSE:CUBE - Free Report) by 78.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,608 shares of the real estate investment trust's stock after purchasing an additional 109,675 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.11% of CubeSmart worth $8,962,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CUBE. Royal Bank of Canada increased its stake in shares of CubeSmart by 1.3% during the 1st quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust's stock worth $7,429,000 after purchasing an additional 2,284 shares during the last quarter. Jones Financial Companies Lllp grew its stake in CubeSmart by 944.3% in the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust's stock valued at $303,000 after buying an additional 6,412 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in CubeSmart by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust's stock valued at $20,684,000 after buying an additional 19,476 shares during the last quarter. Caxton Associates LLP acquired a new position in CubeSmart in the 1st quarter valued at $270,000. Finally, Cetera Investment Advisers grew its stake in CubeSmart by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust's stock valued at $731,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CUBE shares. Wall Street Zen upgraded shares of CubeSmart from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Wells Fargo & Company raised their target price on shares of CubeSmart from $39.00 to $40.00 and gave the company an "equal weight" rating in a research note on Monday, June 1st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $46.00 target price on shares of CubeSmart in a research note on Monday, May 4th. Scotiabank upgraded shares of CubeSmart to a "hold" rating in a research note on Thursday, March 19th. Finally, Barclays raised their target price on shares of CubeSmart from $43.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, CubeSmart currently has an average rating of "Hold" and an average price target of $43.42.

CubeSmart Stock Performance

NYSE CUBE opened at $40.43 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 6.97 and a beta of 1.09. The company's fifty day moving average is $39.13 and its two-hundred day moving average is $38.23. CubeSmart has a 52-week low of $35.09 and a 52-week high of $44.13.

CubeSmart (NYSE:CUBE - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The company had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Equities research analysts forecast that CubeSmart will post 2.58 EPS for the current year.

CubeSmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, July 1st. CubeSmart's dividend payout ratio (DPR) is presently 149.30%.

CubeSmart Company Profile

CubeSmart NYSE: CUBE is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company's portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart's facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.

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