Greenland Capital Management LP Cuts Stake in CubeSmart $CUBE

Key Points

• Greenland Capital Management cut its CubeSmart stake by 50% in the second quarter, selling 40,000 shares and retaining 40,000 shares valued at approximately $1.59 million. Institutional investors collectively own 97.61% of CUBE shares.
• CubeSmart reported quarterly EPS of $0.39, missing the $0.64 consensus estimate, while revenue of $286.49 million exceeded expectations and increased 1.5% year over year. The company issued Q3 2026 EPS guidance of $0.64–$0.66.
• The REIT declared a quarterly dividend of $0.53 per share, equivalent to an annualized $2.12 payout and a 5.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $43.45, compared with a recent share price of $39.51.

Greenland Capital Management LP trimmed its stake in CubeSmart (NYSE:CUBE - Free Report) by 50.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,000 shares of the real estate investment trust's stock after selling 40,000 shares during the quarter. Greenland Capital Management LP's holdings in CubeSmart were worth $1,591,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in CubeSmart by 1.6% during the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust's stock worth $731,000 after purchasing an additional 265 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of CubeSmart by 4.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,964 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 269 shares during the period. Fifth Third Bancorp grew its stake in shares of CubeSmart by 12.5% during the 1st quarter. Fifth Third Bancorp now owns 2,608 shares of the real estate investment trust's stock valued at $96,000 after buying an additional 289 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of CubeSmart by 15.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,204 shares of the real estate investment trust's stock worth $79,000 after buying an additional 295 shares during the last quarter. Finally, Pacific Sun Financial Corp increased its holdings in shares of CubeSmart by 6.6% during the 3rd quarter. Pacific Sun Financial Corp now owns 5,022 shares of the real estate investment trust's stock worth $204,000 after buying an additional 310 shares during the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

CubeSmart Stock Up 0.0%

NYSE CUBE opened at $39.51 on Monday. The stock has a market cap of $8.90 billion, a PE ratio of 27.25, a P/E/G ratio of 6.50 and a beta of 1.05. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $43.26. The business has a 50 day moving average price of $40.96 and a two-hundred day moving average price of $39.98. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34.

CubeSmart (NYSE:CUBE - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.25). The firm had revenue of $286.49 million during the quarter, compared to analyst estimates of $281.12 million. CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The firm's revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. As a group, sell-side analysts predict that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart's dividend payout ratio (DPR) is presently 146.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CUBE shares. UBS Group lifted their target price on CubeSmart from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, July 10th. Barclays upgraded CubeSmart from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $45.00 to $46.00 in a research note on Friday, July 10th. Mizuho cut their price objective on CubeSmart from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Wednesday, September 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CubeSmart in a research note on Wednesday, July 15th. Finally, Raymond James Financial initiated coverage on CubeSmart in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $44.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, CubeSmart currently has a consensus rating of "Hold" and a consensus price target of $43.45.

CubeSmart Company Profile

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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