Drucker Wealth 3.0 LLC Takes $437,000 Position in CubeSmart $CUBE

Key Points

• Drucker Wealth 3.0 LLC has taken a new position in CubeSmart by purchasing 10,285 shares valued at approximately $437,000 in the second quarter.
• CubeSmart's most recent earnings report shows a EPS of $0.65, surpassing analysts' expectations of $0.63, with a revenue increase of 6.0% year-over-year.
• The company announced a quarterly dividend of $0.52 will be paid on October 15, reflecting a 5.3% dividend yield.

Drucker Wealth 3.0 LLC purchased a new stake in CubeSmart (NYSE:CUBE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,285 shares of the real estate investment trust's stock, valued at approximately $437,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in shares of CubeSmart by 19.9% in the first quarter. HighTower Advisors LLC now owns 37,160 shares of the real estate investment trust's stock valued at $1,587,000 after buying an additional 6,179 shares during the period. MetLife Investment Management LLC grew its stake in CubeSmart by 63.7% during the first quarter. MetLife Investment Management LLC now owns 219,496 shares of the real estate investment trust's stock worth $9,375,000 after purchasing an additional 85,414 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in CubeSmart by 140.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 808,440 shares of the real estate investment trust's stock worth $34,528,000 after purchasing an additional 472,596 shares during the period. Janney Montgomery Scott LLC acquired a new stake in CubeSmart during the first quarter worth approximately $821,000. Finally, Allspring Global Investments Holdings LLC grew its stake in CubeSmart by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,065,101 shares of the real estate investment trust's stock worth $212,886,000 after purchasing an additional 72,513 shares during the period. Institutional investors and hedge funds own 97.61% of the company's stock.

CubeSmart Stock Down 1.1%

CUBE stock opened at $39.34 on Friday. CubeSmart has a twelve month low of $34.24 and a twelve month high of $50.86. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.18. The stock's 50 day moving average is $40.23 and its 200-day moving average is $41.02. The firm has a market capitalization of $8.97 billion, a PE ratio of 23.99, a P/E/G ratio of 8.76 and a beta of 0.96.

CubeSmart (NYSE:CUBE - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $275.71 million. During the same quarter last year, the company earned $0.64 earnings per share. The company's revenue for the quarter 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. Stockholders of record on Wednesday, October 1st will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Wednesday, October 1st. CubeSmart's dividend payout ratio (DPR) is currently 126.83%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CUBE. Evercore ISI raised their target price on CubeSmart from $48.00 to $49.00 and gave the stock an "outperform" rating in a research note on Friday, October 3rd. Citigroup decreased 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CubeSmart in a research note on Wednesday. BNP Paribas upgraded CubeSmart to a "hold" rating in a report on Tuesday, June 24th. Finally, Barclays cut their price target on CubeSmart from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $46.06.

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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