UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $76.26 Million Stock Holdings in CubeSmart $CUBE

Key Points

• UBS Asset Management has increased its stake in CubeSmart by 19.2%, owning approximately $76.26 million worth of shares after purchasing an additional 287,792 shares in the first quarter.
• CubeSmart's recent quarterly earnings showed an EPS of $0.65, surpassing the consensus estimate of $0.63, with revenues rising 6% year-over-year.
• The company declared a quarterly dividend of $0.52 per share, contributing to an annualized yield of 5.0%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in CubeSmart (NYSE:CUBE - Free Report) by 19.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,785,460 shares of the real estate investment trust's stock after buying an additional 287,792 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.78% of CubeSmart worth $76,257,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC increased its position in shares of 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 purchasing an additional 6,179 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of CubeSmart by 63.7% during the 1st 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 during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of CubeSmart by 140.7% during the 1st 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 during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of CubeSmart during the 1st quarter worth approximately $821,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of CubeSmart by 1.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,065,101 shares of the real estate investment trust's stock worth $212,886,000 after purchasing an additional 72,513 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CUBE shares. BNP Paribas raised CubeSmart to a "hold" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada lowered their price target on CubeSmart from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. BMO Capital Markets raised CubeSmart from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $48.00 to $49.00 in a report on Friday, June 20th. BNP Paribas Exane assumed coverage on CubeSmart in a report on Tuesday, June 24th. They set a "neutral" rating and a $46.00 target price on the stock. Finally, Barclays decreased their target price on CubeSmart from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $46.20.

CubeSmart Stock Performance

CUBE opened at $41.23 on Friday. The business has a fifty day simple moving average of $40.69 and a 200 day simple moving average of $41.25. The company has a market capitalization of $9.40 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 9.27 and a beta of 0.94. CubeSmart has a 1 year low of $34.24 and a 1 year high of $55.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06.

CubeSmart (NYSE:CUBE - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $282.30 million during the quarter, compared to the consensus estimate of $275.71 million. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 EPS. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a $0.52 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $2.08 annualized dividend and a yield of 5.0%. CubeSmart's payout ratio is 126.83%.

CubeSmart 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.

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