Jefferies Financial Group Inc. Invests $1.54 Million in CubeSmart $CUBE

Key Points

• Jefferies Financial Group bought a new position in CubeSmart during the fourth quarter, acquiring 42,634 shares worth about $1.54 million.
• Wall Street sentiment on CubeSmart is mixed: analysts currently have a Hold consensus rating with an average price target of $43.33, though several firms recently reiterated or upgraded their views.
• CubeSmart reported quarterly earnings of $0.36 per share, topping estimates, and it also announced a quarterly dividend of $0.53 per share, implying a 5.3% yield.

Jefferies Financial Group Inc. purchased a new position in CubeSmart (NYSE:CUBE - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 42,634 shares of the real estate investment trust's stock, valued at approximately $1,537,000.

Other institutional investors also recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in shares of CubeSmart in the 3rd quarter worth approximately $28,000. Geneos Wealth Management Inc. raised its stake 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 worth $38,000 after buying an additional 568 shares in the last quarter. Huntington National Bank raised its stake in shares of CubeSmart by 43.3% in the 3rd quarter. Huntington National Bank now owns 977 shares of the real estate investment trust's stock worth $40,000 after buying an additional 295 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of CubeSmart by 95.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,213 shares of the real estate investment trust's stock worth $44,000 after buying an additional 591 shares in the last quarter. Finally, Avalon Trust Co bought a new stake in shares of CubeSmart in the 3rd quarter worth $51,000. 97.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $46.00 price objective on shares of CubeSmart in a research note on Monday, May 4th. Scotiabank raised shares of CubeSmart to a "hold" rating in a research note on Thursday, March 19th. BNP Paribas Exane raised shares of CubeSmart from a "neutral" rating to an "outperform" rating and set a $43.00 price objective on the stock in a research note on Wednesday, March 18th. Wells Fargo & Company lowered their price objective on shares of CubeSmart from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 16th. Finally, Barclays lifted their price objective on shares of CubeSmart from $43.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $43.33.

Insiders Place Their Bets

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of CubeSmart stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total transaction of $949,530.96. Following the transaction, the insider owned 205,057 shares of the company's stock, valued at $8,411,438.14. The trade was a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.76% of the stock is currently owned by company insiders.

CubeSmart Price Performance

Shares of NYSE:CUBE opened at $40.01 on Thursday. The company's fifty day moving average is $38.79 and its two-hundred day moving average is $38.08. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29. CubeSmart has a 12-month low of $35.09 and a 12-month high of $44.13. The company has a market cap of $9.06 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 6.92 and a beta of 1.11.

CubeSmart (NYSE:CUBE - Get Free Report) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The company had revenue of $281.93 million for the quarter, compared to analysts' expectations of $275.25 million. During the same quarter in the previous year, the business posted $0.64 EPS. The business's revenue for the quarter was up 3.3% on a year-over-year basis. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Equities analysts expect that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. CubeSmart's payout ratio is 149.30%.

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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