Dimensional Fund Advisors LP Sells 27,849 Shares of CubeSmart $CUBE

Key Points

• Dimensional Fund Advisors LP reduced its stake in CubeSmart by 0.8%, selling 27,849 shares, leaving them with 3,308,949 shares valued at approximately $141.32 million.
• CubeSmart reported $0.65 EPS for the last quarter, beating expectations of $0.63, with revenue rising to $282.30 million, a 6% increase year-over-year.
• The company declared a quarterly dividend of $0.52 per share, yielding 5.2%, and has a dividend payout ratio of 126.83%.

Dimensional Fund Advisors LP decreased its stake in CubeSmart (NYSE:CUBE - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,308,949 shares of the real estate investment trust's stock after selling 27,849 shares during the period. Dimensional Fund Advisors LP owned 1.45% of CubeSmart worth $141,321,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CUBE. Alyeska Investment Group L.P. raised its stake in CubeSmart by 219.4% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,574,641 shares of the real estate investment trust's stock valued at $110,323,000 after acquiring an additional 1,768,626 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in CubeSmart by 27.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,727,155 shares of the real estate investment trust's stock valued at $288,259,000 after acquiring an additional 1,464,331 shares in the last quarter. Nuveen LLC bought a new stake in CubeSmart during the 1st quarter valued at $53,980,000. JPMorgan Chase & Co. raised its stake in CubeSmart by 29.3% during the 1st quarter. JPMorgan Chase & Co. now owns 5,561,206 shares of the real estate investment trust's stock valued at $237,519,000 after acquiring an additional 1,261,746 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of CubeSmart by 46.6% in the 4th quarter. Northern Trust Corp now owns 3,758,863 shares of the real estate investment trust's stock worth $161,067,000 after buying an additional 1,195,246 shares in the last quarter. Institutional investors own 97.61% of the company's stock.

CubeSmart Stock Down 1.3%

Shares of NYSE:CUBE traded down $0.55 on Monday, reaching $40.54. The company had a trading volume of 438,423 shares, compared to its average volume of 1,774,804. CubeSmart has a twelve month low of $34.24 and a twelve month high of $55.14. The stock has a 50-day moving average price of $41.27 and a 200 day moving average price of $41.37. The stock has a market capitalization of $9.24 billion, a P/E ratio of 24.72, a P/E/G ratio of 9.15 and a beta of 0.94. 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 (NYSE:CUBE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $275.71 million. During the same quarter in the previous year, the firm earned $0.64 EPS. 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. On average, equities analysts expect that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart's payout ratio is presently 126.83%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Scotiabank boosted their price objective on CubeSmart from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Evercore ISI decreased their target price on CubeSmart from $48.00 to $47.00 and set an "in-line" rating on the stock in a report on Monday, August 4th. Mizuho lifted their target price on CubeSmart from $39.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Barclays decreased their target price on CubeSmart from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Finally, BNP Paribas upgraded CubeSmart to a "hold" rating in a report on Tuesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, CubeSmart currently has an average rating of "Hold" and a consensus price target of $46.69.

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.