Greenland Capital Management LP acquired a new stake in shares of CubeSmart (NYSE:CUBE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40,000 shares of the real estate investment trust's stock, valued at approximately $1,591,000.
Several other large investors have also recently made changes to their positions in CUBE. Royal Bank of Canada grew its holdings in 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 valued at $7,429,000 after buying an additional 2,284 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of CubeSmart by 944.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust's stock worth $303,000 after acquiring an additional 6,412 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of CubeSmart by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust's stock worth $20,684,000 after acquiring an additional 19,476 shares in the last quarter. Caxton Associates LLP bought a new position in shares of CubeSmart during the 1st quarter valued at approximately $270,000. Finally, Cetera Investment Advisers grew its holdings in shares of CubeSmart by 1.6% in the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust's stock valued at $731,000 after purchasing an additional 265 shares in the last quarter. 97.61% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
CUBE has been the topic of a number of recent research reports. Mizuho upped their price target on shares of CubeSmart from $40.00 to $42.00 and gave the company a "neutral" rating in a research note on Wednesday, May 27th. KeyCorp restated a "sector weight" rating on shares of CubeSmart in a research report on Tuesday, August 4th. UBS Group increased their price target on shares of CubeSmart from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, July 10th. Weiss Ratings reissued a "hold (c)" rating on shares of CubeSmart in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $47.00 price objective on shares of CubeSmart in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, CubeSmart presently has a consensus rating of "Hold" and an average price target of $43.50.
Get Our Latest Analysis on CUBE
CubeSmart Stock Down 0.6%
Shares of NYSE:CUBE opened at $40.95 on Friday. The firm has a market capitalization of $9.22 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 6.73 and a beta of 1.07. The business has a 50 day simple moving average of $41.11 and a two-hundred day simple moving average of $39.86. CubeSmart has a 1 year low of $35.09 and a 1 year high of $43.26. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07.
CubeSmart (NYSE:CUBE - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.25). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The business had revenue of $286.49 million during the quarter, compared to analysts' expectations of $281.12 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company'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, equities analysts predict that CubeSmart will post 2.57 EPS for the current year.
CubeSmart Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a $0.53 dividend. The ex-dividend date is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a yield of 5.2%. CubeSmart's dividend payout ratio (DPR) is presently 146.21%.
About CubeSmart
(
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.
Further Reading
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