Twin Tree Management LP Invests $537,000 in CubeSmart $CUBE

Key Points

• Twin Tree Management LP has made a $537,000 investment in CubeSmart, acquiring 12,583 shares during the first quarter.
• CubeSmart reported a quarterly earnings per share of $0.65, beating analysts' expectations, and a revenue increase of 6.0% year-over-year, totaling $282.30 million.
• The company has declared a quarterly dividend of $0.52, providing an annualized yield of 5.1%, with a high dividend payout ratio of 126.83%.

Twin Tree Management LP purchased a new position in shares of CubeSmart (NYSE:CUBE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,583 shares of the real estate investment trust's stock, valued at approximately $537,000.

Other large investors have also made changes to their positions in the company. HighTower Advisors LLC increased its position in shares of CubeSmart by 19.9% during the first quarter. HighTower Advisors LLC now owns 37,160 shares of the real estate investment trust's stock worth $1,587,000 after purchasing an additional 6,179 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of CubeSmart by 140.7% during the first 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 in the last quarter. MetLife Investment Management LLC increased its position in shares of CubeSmart by 63.7% during the first quarter. MetLife Investment Management LLC now owns 219,496 shares of the real estate investment trust's stock worth $9,375,000 after purchasing an additional 85,414 shares in 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 grew its holdings in shares of CubeSmart by 1.5% during 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. 97.61% of the stock is owned by institutional investors and hedge funds.

CubeSmart Price Performance

NYSE:CUBE opened at $40.92 on Tuesday. CubeSmart has a one year low of $34.24 and a one year high of $55.14. 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 has a market cap of $9.33 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 9.11 and a beta of 0.94. The firm's fifty day moving average is $41.02 and its two-hundred day moving average is $41.31.

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 net margin of 35.44% and a return on equity of 13.12%. The company had revenue of $282.30 million for the quarter, compared to analyst estimates of $275.71 million. During the same period in the prior year, the company earned $0.64 earnings per share. The firm's revenue 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. Research analysts expect that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart's dividend payout ratio is presently 126.83%.

Wall Street Analyst Weigh In

CUBE has been the topic of several research reports. Barclays cut their target price on CubeSmart from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Truist Financial upped their target price on CubeSmart from $47.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Royal Bank Of Canada cut their target price on CubeSmart from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Bank of America raised CubeSmart from a "neutral" rating to a "buy" rating and upped their target price for the company from $44.00 to $50.00 in a research report on Tuesday, May 13th. Finally, Citigroup cut their target price on CubeSmart from $45.00 to $43.00 and set a "neutral" rating on the stock in a research report on Monday, August 25th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, CubeSmart presently has a consensus rating of "Hold" and a consensus target price of $46.69.

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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