Pallas Capital Advisors LLC Makes New Investment in CubeSmart $CUBE

Key Points

• Pallas Capital Advisors acquired 24,643 CubeSmart shares worth approximately $980,000, while institutional investors and hedge funds collectively own 97.61% of the REIT.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $43.50, versus the reported share price of $41.04.
• CubeSmart reported quarterly revenue of $286.49 million, ahead of estimates, but missed earnings expectations with EPS of $0.39. The company declared a $0.53 quarterly dividend, equivalent to a 5.2% annualized yield.

Pallas Capital Advisors LLC bought a new stake in CubeSmart (NYSE:CUBE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 24,643 shares of the real estate investment trust's stock, valued at approximately $980,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CUBE. Wiser Advisor Group LLC bought a new stake in shares of CubeSmart during the 3rd quarter worth approximately $28,000. Essential Partners LLC increased its stake in CubeSmart by 594.7% in the first quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 779 shares during the last quarter. Geneos Wealth Management Inc. raised its position in CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 568 shares in the last quarter. SJS Investment Consulting Inc. acquired a new position in CubeSmart during the first quarter valued at approximately $42,000. Finally, Los Angeles Capital Management LLC bought a new stake in CubeSmart during the fourth quarter worth $43,000. 97.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CUBE shares. Evercore set a $47.00 price target on CubeSmart in a research note on Monday, July 6th. Weiss Ratings restated a "hold (c)" rating on shares of CubeSmart in a research report on Wednesday, July 15th. Wells Fargo & Company raised their price objective on CubeSmart from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. KeyCorp reiterated a "sector weight" rating on shares of CubeSmart in a research report on Tuesday, August 4th. Finally, Mizuho lifted their target price on CubeSmart from $40.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, May 27th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, CubeSmart has a consensus rating of "Hold" and an average price target of $43.50.

CubeSmart Price Performance

Shares of NYSE:CUBE opened at $41.04 on Wednesday. CubeSmart has a one year low of $35.09 and a one year high of $43.26. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 6.82 and a beta of 1.07. The firm has a 50 day simple moving average of $41.14 and a 200 day simple moving average of $39.80.

CubeSmart (NYSE:CUBE - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.25). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The company had revenue of $286.49 million for the quarter, compared to the consensus estimate of $281.12 million. During the same period in the previous year, the firm posted $0.65 EPS. The business's quarterly revenue was up 1.5% compared to the same quarter last year. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. Research analysts predict that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a $0.53 dividend. The ex-dividend date is Thursday, October 1st. This represents a $2.12 annualized dividend and a yield of 5.2%. CubeSmart's dividend payout ratio (DPR) is currently 146.21%.

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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