Ieq Capital LLC Makes New $9.97 Million Investment in CubeSmart $CUBE

Key Points

• Ieq Capital LLC acquired 250,599 CubeSmart shares worth approximately $9.97 million in the second quarter, joining other institutional investors that expanded or initiated positions. Institutions and hedge funds now own 97.61% of the stock.
• Analysts maintain a generally neutral outlook, with a consensus “Hold” rating and a $43.50 price target. CubeSmart recently traded at $40.95, while its shares have ranged from $35.09 to $43.26 over the past year.
• CubeSmart reported quarterly revenue of $286.49 million, above expectations, but earnings per share of $0.39 missed estimates. The REIT declared a $0.53 quarterly dividend, equivalent to a 5.2% annualized yield.

Ieq Capital LLC bought a new position in shares of CubeSmart (NYSE:CUBE - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 250,599 shares of the real estate investment trust's stock, valued at approximately $9,966,000. Ieq Capital LLC owned approximately 0.11% of CubeSmart as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CUBE. Fund Advisors of America Inc FL acquired a new position in CubeSmart during the second quarter worth about $218,000. Allworth Financial LP purchased a new stake in CubeSmart during the 2nd quarter valued at about $518,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in CubeSmart in the 2nd quarter valued at about $2,815,000. Ceredex Value Advisors LLC acquired a new stake in CubeSmart in the 2nd quarter valued at about $11,384,000. Finally, Trillium Asset Management LLC purchased a new position in CubeSmart in the 2nd quarter worth approximately $2,963,000. 97.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CUBE. Weiss Ratings restated a "hold (c)" rating on shares of CubeSmart in a report on Wednesday, July 15th. Wall Street Zen raised CubeSmart from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. UBS Group raised their target price on CubeSmart from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, July 10th. Royal Bank Of Canada reissued an "outperform" rating and set a $47.00 price target on shares of CubeSmart in a research report on Tuesday, August 4th. Finally, Evercore set a $47.00 price objective on shares of CubeSmart in a report on Monday, July 6th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $43.50.

CubeSmart Trading Down 0.6%

CUBE opened at $40.95 on Friday. CubeSmart has a one year low of $35.09 and a one year high of $43.26. The stock has a market capitalization of $9.22 billion, a PE ratio of 28.24, a P/E/G ratio of 6.73 and a beta of 1.07. The business's 50 day moving average price is $41.11 and its 200 day moving average price is $39.86. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07.

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 for the quarter, missing the consensus estimate of $0.64 by ($0.25). The business had revenue of $286.49 million during the quarter, compared to analysts' expectations of $281.12 million. CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The company's revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $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, equities research analysts expect that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.2%. CubeSmart's dividend payout ratio is currently 146.21%.

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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