Hsbc Holdings PLC Makes New $34.09 Million Investment in CubeSmart $CUBE

Key Points

• HSBC Holdings purchased 855,192 CubeSmart shares worth approximately $34.1 million, giving it a 0.38% stake. Institutional investors collectively own 97.61% of the self-storage REIT.
• CubeSmart shares were trading at $40.00, down 1.1%, with a market capitalization of $9.01 billion. The company’s latest quarterly EPS of $0.39 missed estimates, although revenue of $286.49 million exceeded expectations and rose 1.5% year over year.
• CubeSmart declared a quarterly dividend of $0.53 per share, equivalent to an annualized $2.12 payout and a 5.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $43.55.

Hsbc Holdings PLC purchased a new stake in CubeSmart (NYSE:CUBE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 855,192 shares of the real estate investment trust's stock, valued at approximately $34,085,000. Hsbc Holdings PLC owned about 0.38% of CubeSmart at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in CubeSmart in the third quarter worth $28,000. Essential Partners LLC boosted its position in shares of CubeSmart by 594.7% during the first quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 779 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of CubeSmart by 174.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 568 shares during the period. SJS Investment Consulting Inc. bought a new stake in shares of CubeSmart in the 1st quarter valued at $42,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of CubeSmart in the 4th quarter valued at $43,000. Institutional investors own 97.61% of the company's stock.

CubeSmart Trading Down 1.1%

NYSE CUBE opened at $40.00 on Friday. CubeSmart has a 52 week low of $35.09 and a 52 week high of $43.26. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07. The stock's 50 day moving average price is $41.08 and its two-hundred day moving average price is $39.94. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 6.66 and a beta of 1.07.

CubeSmart (NYSE:CUBE - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.25). The business 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%. CubeSmart's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. 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, analysts anticipate that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 annualized dividend and a yield of 5.3%. CubeSmart's payout ratio is 146.21%.

Analyst Upgrades and Downgrades

CUBE has been the subject of a number of research analyst reports. Raymond James Financial started coverage on CubeSmart in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $44.00 target price for the company. Truist Financial boosted their price objective on CubeSmart from $41.00 to $43.00 and gave the company a "buy" rating in a research report on Wednesday, June 17th. Mizuho raised their target price on shares of CubeSmart from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of CubeSmart from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of CubeSmart in a report on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CubeSmart presently has an average rating of "Hold" and an average price target of $43.55.

About CubeSmart

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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