Vanderbilt University Buys 20,580 Shares of CubeSmart $CUBE

Key Points

• Vanderbilt University increased its holdings in CubeSmart by 130.3% during the second quarter, acquiring an additional 20,580 shares for a total worth of approximately $1,546,000.
• Several institutional investors, including Lecap Asset Management and Signaturefd LLC, also boosted their stakes in CubeSmart during the same quarter, indicating a strong interest in the real estate investment trust.
• CubeSmart recently announced a quarterly dividend of $0.52, representing an annualized yield of 5.2%, with a dividend payout ratio of 126.83%.

Vanderbilt University boosted its holdings in shares of CubeSmart (NYSE:CUBE - Free Report) by 130.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,371 shares of the real estate investment trust's stock after buying an additional 20,580 shares during the period. Vanderbilt University's holdings in CubeSmart were worth $1,546,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Lecap Asset Management Ltd. acquired a new stake in CubeSmart during the second quarter worth $386,000. Naples Global Advisors LLC boosted its stake in CubeSmart by 9.8% during the second quarter. Naples Global Advisors LLC now owns 28,495 shares of the real estate investment trust's stock worth $1,211,000 after buying an additional 2,535 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of CubeSmart by 21.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 224,500 shares of the real estate investment trust's stock valued at $9,541,000 after purchasing an additional 40,000 shares in the last quarter. Signaturefd LLC boosted its stake in shares of CubeSmart by 82.8% in the 2nd quarter. Signaturefd LLC now owns 1,680 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 761 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of CubeSmart by 0.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 136,413 shares of the real estate investment trust's stock valued at $5,796,000 after purchasing an additional 611 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company's stock.

CubeSmart Stock Performance

Shares of NYSE:CUBE opened at $40.21 on Friday. The stock has a market capitalization of $9.17 billion, a P/E ratio of 24.52, a P/E/G ratio of 9.01 and a beta of 0.96. CubeSmart has a 1-year low of $34.24 and a 1-year high of $52.47. 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 business has a 50-day moving average price of $40.32 and a two-hundred day moving average price of $41.10.

CubeSmart (NYSE:CUBE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share 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 analysts' expectations of $275.71 million. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business 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. Equities analysts predict that CubeSmart will post 2.64 earnings per share for the current year.

CubeSmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.2%. CubeSmart's dividend payout ratio is 126.83%.

Wall Street Analysts Forecast Growth

CUBE has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of CubeSmart from a "sell" rating to a "hold" rating in a research note on Sunday, September 21st. BNP Paribas Exane started coverage on shares of CubeSmart in a research note on Tuesday, June 24th. They issued a "neutral" rating and a $46.00 target price on the stock. UBS Group reduced their price target on shares of CubeSmart from $45.00 to $42.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 16th. Citigroup reduced their price target on shares of CubeSmart from $45.00 to $43.00 and set a "neutral" rating on the stock in a research report on Monday, August 25th. Finally, Evercore ISI upgraded shares of CubeSmart from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $47.00 to $48.00 in a research report on Monday, September 15th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $46.00.

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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