Lecap Asset Management Ltd. Invests $386,000 in CubeSmart $CUBE

Key Points

• Lecap Asset Management Ltd. has invested $386,000 in CubeSmart by acquiring 9,080 shares during the 2nd quarter.
• Several institutional investors have increased their stakes in CubeSmart, indicating strong support from the investment community.
• CubeSmart recently reported an EPS of $0.65 for the quarter, surpassing analysts' expectations and showing a year-over-year revenue increase of 6.0%.

Lecap Asset Management Ltd. purchased a new position in shares of CubeSmart (NYSE:CUBE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,080 shares of the real estate investment trust's stock, valued at approximately $386,000.

Several other institutional investors have also added to or reduced their stakes in CUBE. Allworth Financial LP boosted its holdings in shares of CubeSmart by 115.2% in the 1st quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 501 shares in the last quarter. Covestor Ltd lifted its position in shares of CubeSmart by 22.8% during the 1st quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust's stock worth $67,000 after buying an additional 292 shares during the last quarter. Signaturefd LLC lifted its position in shares of CubeSmart by 82.8% during the 2nd quarter. Signaturefd LLC now owns 1,680 shares of the real estate investment trust's stock worth $71,000 after buying an additional 761 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in CubeSmart by 446.2% in the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 1,468 shares in the last quarter. Finally, UMB Bank n.a. grew its position in CubeSmart by 103.5% in the first quarter. UMB Bank n.a. now owns 1,917 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 975 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CUBE has been the subject of a number of research reports. BNP Paribas Exane initiated coverage on shares of CubeSmart in a report on Tuesday, June 24th. They issued a "neutral" rating and a $46.00 target price for the company. UBS Group lowered their price objective on shares of CubeSmart from $45.00 to $42.00 and set a "neutral" rating for the company in a research report on Tuesday, September 16th. Evercore ISI raised their target price on shares of CubeSmart from $48.00 to $49.00 and gave the company an "outperform" rating in a research report on Friday. Citigroup decreased their target price on shares of CubeSmart from $45.00 to $43.00 and set a "neutral" rating on the stock in a research note on Monday, August 25th. Finally, BNP Paribas upgraded CubeSmart to a "hold" rating in a research note on Tuesday, June 24th. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, CubeSmart has an average rating of "Hold" and a consensus target price of $46.06.

CubeSmart Trading Up 1.2%

CUBE opened at $40.70 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06. CubeSmart has a fifty-two week low of $34.24 and a fifty-two week high of $51.85. The company's 50 day moving average price is $40.30 and its two-hundred day moving average price is $41.09. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 8.96 and a beta of 0.96.

CubeSmart (NYSE:CUBE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The company had revenue of $282.30 million for the quarter, compared to analyst estimates of $275.71 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. CubeSmart's revenue was up 6.0% compared to the same quarter last year. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. As a group, research analysts predict that CubeSmart will post 2.64 earnings per share for the current year.

CubeSmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.08 annualized dividend and a dividend yield of 5.1%. CubeSmart's dividend payout ratio is presently 126.83%.

CubeSmart Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

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