OLD National Bancorp IN decreased its stake in shares of CubeSmart (NYSE:CUBE - Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,701 shares of the real estate investment trust's stock after selling 10,178 shares during the quarter. OLD National Bancorp IN owned approximately 0.06% of CubeSmart worth $5,512,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in CUBE. HighTower Advisors LLC raised its holdings in CubeSmart by 19.9% in the first quarter. HighTower Advisors LLC now owns 37,160 shares of the real estate investment trust's stock valued at $1,587,000 after acquiring an additional 6,179 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of CubeSmart by 63.7% in the 1st quarter. MetLife Investment Management LLC now owns 219,496 shares of the real estate investment trust's stock valued at $9,375,000 after purchasing an additional 85,414 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CubeSmart by 140.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 808,440 shares of the real estate investment trust's stock worth $34,528,000 after purchasing an additional 472,596 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of CubeSmart during the first quarter worth $821,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in CubeSmart by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,065,101 shares of the real estate investment trust's stock valued at $212,886,000 after buying an additional 72,513 shares during the last quarter. Hedge funds and other institutional investors own 97.61% of the company's stock.
CubeSmart Stock Performance
Shares of CUBE opened at $40.70 on Monday. The company's 50 day simple moving average is $40.30 and its 200-day simple moving average is $41.08. The firm has a market cap of $9.28 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 9.06 and a beta of 0.96. CubeSmart has a 12-month low of $34.24 and a 12-month high of $51.85. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.18.
CubeSmart (NYSE:CUBE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share 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 firm had revenue of $282.30 million during the quarter, compared to analysts' expectations of $275.71 million. During the same quarter in the prior year, the business earned $0.64 EPS. CubeSmart's quarterly 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, equities analysts predict that CubeSmart will post 2.64 EPS for the current year.
CubeSmart Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.1%. CubeSmart's dividend payout ratio (DPR) is currently 126.83%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on CUBE shares. Evercore ISI lifted their price target on CubeSmart from $48.00 to $49.00 and gave the stock an "outperform" rating in a report on Friday. Citigroup decreased their target price on CubeSmart from $45.00 to $43.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. BMO Capital Markets upgraded shares of CubeSmart from a "market perform" rating to an "outperform" rating and increased their price target for the company from $48.00 to $49.00 in a research note on Friday, June 20th. Weiss Ratings restated a "hold (c)" rating on shares of CubeSmart in a research report on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of CubeSmart from a "sell" rating to a "hold" rating in a report on Sunday, September 21st. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $46.06.
Check Out Our Latest Stock Analysis on CUBE
CubeSmart Profile
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding CUBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CubeSmart (NYSE:CUBE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider CubeSmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CubeSmart wasn't on the list.
While CubeSmart currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.