Graham Capital Management L.P. Sells 7,143 Shares of CubeSmart $CUBE

Key Points

• Graham Capital Management L.P. reduced its holdings in CubeSmart by 13.0%, selling 7,143 shares and now owns 47,888 shares valued at approximately $2.04 million.
• CubeSmart reported an Earnings Per Share (EPS) of $0.65 for the last quarter, surpassing estimates and indicating a 6.0% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.52 per share, reflecting an annualized yield of 5.1%, with a payout ratio of 126.83%.

Graham Capital Management L.P. trimmed its stake in shares of CubeSmart (NYSE:CUBE - Free Report) by 13.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,888 shares of the real estate investment trust's stock after selling 7,143 shares during the quarter. Graham Capital Management L.P.'s holdings in CubeSmart were worth $2,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of CubeSmart by 115.2% in the 1st quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 501 shares in the last quarter. Covestor Ltd raised its holdings in shares of CubeSmart by 22.8% in the 1st quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 292 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of CubeSmart by 446.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 1,468 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of CubeSmart by 103.5% during the first quarter. UMB Bank n.a. now owns 1,917 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 975 shares during the period. Finally, CWM LLC raised its holdings in shares of CubeSmart by 23.5% during the first quarter. CWM LLC now owns 1,950 shares of the real estate investment trust's stock valued at $83,000 after acquiring an additional 371 shares during the period. 97.61% of the stock is currently owned by institutional investors.

CubeSmart Stock Performance

Shares of NYSE CUBE traded up $0.71 during trading hours on Friday, hitting $41.69. 1,499,381 shares of the stock were exchanged, compared to its average volume of 1,450,534. The firm has a market capitalization of $9.51 billion, a P/E ratio of 25.42, a P/E/G ratio of 9.12 and a beta of 0.94. CubeSmart has a one year low of $34.24 and a one year high of $55.14. The company's 50 day moving average is $40.88 and its 200 day moving average is $41.29. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06.

CubeSmart (NYSE:CUBE - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The firm had revenue of $282.30 million during the quarter, compared to analysts' expectations of $275.71 million. During the same period in the prior year, the company earned $0.64 EPS. The business's quarterly 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, research analysts expect that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Dividend Announcement

The company 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. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.08 annualized dividend and a dividend yield of 5.0%. CubeSmart's dividend payout ratio is presently 126.83%.

Analysts Set New Price Targets

CUBE has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of CubeSmart from $47.00 to $48.00 and gave the company a "buy" rating in a report on Monday, May 19th. BNP Paribas raised shares of CubeSmart to a "hold" rating in a research report on Tuesday, June 24th. Bank of America raised shares of CubeSmart from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $44.00 to $50.00 in a research report on Tuesday, May 13th. BNP Paribas Exane initiated coverage on shares of CubeSmart in a research report on Tuesday, June 24th. They issued a "neutral" rating and a $46.00 target price for the company. Finally, Scotiabank boosted their target price on shares of CubeSmart from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $46.69.

CubeSmart Company 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.