Deutsche Bank AG acquired a new stake in shares of CubeSmart (NYSE:CUBE - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 324,525 shares of the real estate investment trust's stock, valued at approximately $12,906,000. Deutsche Bank AG owned approximately 0.14% of CubeSmart as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Capital Financial Group Inc. Co. ADV bought a new stake in CubeSmart during the 2nd quarter valued at $774,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of CubeSmart in the 2nd quarter worth $7,721,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of CubeSmart in the 2nd quarter worth $68,552,000. Global Retirement Partners LLC bought a new position in shares of CubeSmart in the 2nd quarter worth $60,000. Finally, Alberta Investment Management Corp purchased a new stake in shares of CubeSmart during the 2nd quarter worth $8,908,000. 97.61% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on CUBE. Wall Street Zen upgraded shares of CubeSmart from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $47.00 price target on shares of CubeSmart in a report on Tuesday, August 4th. Mizuho upped their price target on CubeSmart from $40.00 to $42.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 27th. Wells Fargo & Company increased their price objective on CubeSmart from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. Finally, Truist Financial raised their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, June 17th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, CubeSmart currently has a consensus rating of "Hold" and a consensus target price of $43.50.
Get Our Latest Research Report on CUBE
CubeSmart Trading Down 0.6%
NYSE CUBE opened at $40.95 on Friday. The company has a fifty day simple moving average of $41.11 and a two-hundred day simple moving average of $39.86. The stock has a market cap of $9.22 billion, a P/E ratio of 28.24, a P/E/G ratio of 6.73 and a beta of 1.07. CubeSmart has a 12-month low of $35.09 and a 12-month high of $43.26. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34.
CubeSmart (NYSE:CUBE - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.25). CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The company had revenue of $286.49 million for the quarter, compared to analysts' expectations of $281.12 million. During the same period last year, the firm earned $0.65 earnings per share. CubeSmart's quarterly revenue was up 1.5% compared to the same quarter last year. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. On average, analysts forecast that CubeSmart will post 2.57 earnings per share for the current year.
CubeSmart Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 5.2%. The ex-dividend date is Thursday, October 1st. CubeSmart's payout ratio is presently 146.21%.
CubeSmart Profile
(
Free Report)
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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