Strs Ohio Purchases Shares of 382,900 CubeSmart $CUBE

Key Points

• Strs Ohio purchased 382,900 shares of CubeSmart (CUBE) valued at approximately $16.35 million during the first quarter, representing a 0.17% ownership stake in the company.
• CubeSmart's latest quarterly earnings report showed an EPS of $0.65, exceeding analyst expectations, and indicated a revenue increase of 6.0% year-over-year.
• The company announced a quarterly dividend of $0.52, yielding 5.0%, with a dividend payout ratio of 126.83%, scheduled for payment on October 15th.

Strs Ohio acquired a new position in shares of CubeSmart (NYSE:CUBE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 382,900 shares of the real estate investment trust's stock, valued at approximately $16,354,000. Strs Ohio owned 0.17% of CubeSmart at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC raised its holdings in CubeSmart by 19.9% during the 1st quarter. HighTower Advisors LLC now owns 37,160 shares of the real estate investment trust's stock worth $1,587,000 after buying an additional 6,179 shares during the period. MetLife Investment Management LLC increased 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 during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of CubeSmart by 140.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 808,440 shares of the real estate investment trust's stock valued at $34,528,000 after purchasing an additional 472,596 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of CubeSmart in the 1st quarter valued at about $821,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of CubeSmart by 1.5% in the 1st 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 purchasing an additional 72,513 shares during the period. Institutional investors and hedge funds own 97.61% of the company's stock.

CubeSmart Stock Performance

Shares of NYSE CUBE traded down $0.23 during trading hours on Thursday, reaching $40.99. The stock had a trading volume of 392,369 shares, compared to its average volume of 1,772,980. The business's fifty day moving average is $40.60 and its two-hundred day moving average is $41.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 9.13 and a beta of 0.94. CubeSmart has a twelve month low of $34.24 and a twelve month high of $54.67.

CubeSmart (NYSE:CUBE - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $282.30 million during the quarter, compared to analyst estimates of $275.71 million. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 earnings per share. 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 expect that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Dividend Announcement

The company 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 $0.52 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $2.08 annualized dividend and a yield of 5.1%. CubeSmart's dividend payout ratio (DPR) is currently 126.83%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CUBE shares. Barclays lowered their price target on CubeSmart from $48.00 to $45.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Wall Street Zen cut CubeSmart from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. BMO Capital Markets raised CubeSmart from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $48.00 to $49.00 in a research note on Friday, June 20th. UBS Group lowered their price target on CubeSmart from $45.00 to $42.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Citigroup lowered their price target on CubeSmart from $45.00 to $43.00 and set a "neutral" rating for the company in a research note on Monday, August 25th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $46.00.

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.