CubeSmart $CUBE Shares Bought by Presima Securities ULC

Key Points

• Presima Securities ULC increased its stake in CubeSmart by 12.6% in Q1, holding approximately 500,282 shares worth $21.37 million, which makes it the fund's 9th largest holding.
• CubeSmart's quarterly dividend of $0.52 will be paid on October 15th, representing an annualized yield of 5.0% with a payout ratio of 126.83%.
• Latest earnings show $0.65 earnings per share, exceeding estimates of $0.63, with a projected growth of 6.0% year-over-year in revenue.

Presima Securities ULC raised its holdings in CubeSmart (NYSE:CUBE - Free Report) by 12.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500,282 shares of the real estate investment trust's stock after buying an additional 55,892 shares during the quarter. CubeSmart accounts for approximately 4.8% of Presima Securities ULC's holdings, making the stock its 9th biggest holding. Presima Securities ULC owned approximately 0.22% of CubeSmart worth $21,367,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CUBE. Allworth Financial LP boosted its position in shares of CubeSmart by 115.2% during the 1st quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 501 shares in the last quarter. Covestor Ltd lifted its stake in CubeSmart by 22.8% during the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 292 shares during the period. Farther Finance Advisors LLC boosted its holdings in CubeSmart by 446.2% during 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 purchasing an additional 1,468 shares in the last quarter. UMB Bank n.a. boosted its holdings in CubeSmart by 103.5% during 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 purchasing an additional 975 shares in the last quarter. Finally, CWM LLC grew its stake in shares of CubeSmart by 23.5% in the 1st quarter. CWM LLC now owns 1,950 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 371 shares during the period. Institutional investors and hedge funds own 97.61% of the company's stock.

CubeSmart Price Performance

CUBE traded down $0.02 during midday trading on Wednesday, hitting $40.72. The company had a trading volume of 1,807,492 shares, compared to its average volume of 1,515,582. CubeSmart has a twelve month low of $34.24 and a twelve month high of $55.14. The company has a market capitalization of $9.28 billion, a PE ratio of 15.43, a P/E/G ratio of 9.07 and a beta of 0.94. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.06 and a current ratio of 0.06. The firm's 50-day simple moving average is $40.82 and its 200-day simple moving average is $41.28.

CubeSmart (NYSE:CUBE - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The business had revenue of $282.30 million for the quarter, compared to analysts' expectations of $275.71 million. During the same period in the prior year, the firm 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. Equities research analysts predict that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Announces Dividend

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

Wall Street Analysts Forecast Growth

CUBE has been the subject of several analyst reports. Royal Bank Of Canada cut their target price on CubeSmart from $48.00 to $47.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Barclays cut their price objective on CubeSmart from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. BMO Capital Markets upgraded shares of CubeSmart from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $48.00 to $49.00 in a research note on Friday, June 20th. BNP Paribas upgraded shares of CubeSmart to a "hold" rating in a research report on Tuesday, June 24th. Finally, Wolfe Research initiated coverage on shares of CubeSmart in a report on Monday, May 19th. They set an "outperform" rating and a $48.00 price target for the company. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $46.69.

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.