Sequoia Financial Advisors LLC Boosts Stock Position in CubeSmart $CUBE

Key Points

• Sequoia Financial Advisors LLC increased its stake in CubeSmart by 41.3%, owning 47,017 shares valued at approximately $1.998 million after acquiring additional shares in the second quarter.
• CubeSmart reported a quarterly earnings per share (EPS) of $0.65, exceeding estimates, and has set its Q3 2025 guidance at $0.640-0.660 EPS.
• The company also declared a $0.52 quarterly dividend, resulting in an annualized dividend yield of 5.1%, despite a high dividend payout ratio of 126.83%.

Sequoia Financial Advisors LLC raised its position in shares of CubeSmart (NYSE:CUBE - Free Report) by 41.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,017 shares of the real estate investment trust's stock after purchasing an additional 13,731 shares during the quarter. Sequoia Financial Advisors LLC's holdings in CubeSmart were worth $1,998,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its stake in 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 purchasing an additional 501 shares during the last quarter. Covestor Ltd boosted its stake in shares of CubeSmart by 22.8% in the first 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 boosted its stake in shares of CubeSmart by 82.8% in the second 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. IFP Advisors Inc boosted its stake in shares of CubeSmart by 737.2% in the second quarter. IFP Advisors Inc now owns 1,532 shares of the real estate investment trust's stock worth $71,000 after buying an additional 1,349 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of 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 worth $76,000 after buying an additional 1,468 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 stock opened at $41.13 on Thursday. CubeSmart has a 12-month low of $34.24 and a 12-month high of $50.69. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $9.38 billion, a P/E ratio of 25.08, a P/E/G ratio of 9.10 and a beta of 0.96. The business's 50 day moving average is $40.31 and its two-hundred day moving average is $41.01.

CubeSmart (NYSE:CUBE - Get Free Report) last posted 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 return on equity of 13.12% and a net margin of 35.44%.The firm had revenue of $282.30 million during the quarter, compared to analysts' expectations of $275.71 million. During the same quarter last year, the firm earned $0.64 earnings per share. The business's revenue for the quarter was up 6.0% on a year-over-year basis. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. Analysts expect that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, October 1st. CubeSmart's dividend payout ratio (DPR) is currently 126.83%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets upgraded CubeSmart from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $48.00 to $49.00 in a research note on Friday, June 20th. Royal Bank Of Canada lowered their target price on CubeSmart from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Wall Street Zen upgraded CubeSmart from a "sell" rating to a "hold" rating in a research note on Sunday, September 21st. BNP Paribas Exane assumed coverage on CubeSmart in a research note on Tuesday, June 24th. They issued a "neutral" rating and a $46.00 target price on the stock. Finally, Citigroup lowered their target price on CubeSmart from $45.00 to $43.00 and set a "neutral" rating on the stock in a research note on Monday, August 25th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $46.06.

About CubeSmart

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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