Wolverine Asset Management LLC Takes Position in CubeSmart $CUBE

Key Points

• Wolverine Asset Management purchased a new stake in CubeSmart (NYSE:CUBE) of 27,310 shares during Q4, valued at approximately $985,000.
• Insider Jeffrey P. Foster sold 23,148 shares on March 3 (avg. $41.02), trimming his stake by 10.14%; institutional investors now own about 97.61% of the company's stock while insiders hold 1.76%.
• Operational and payout update: CubeSmart beat Q1 estimates with $0.36 EPS (vs. $0.34) and $281.9M revenue (+3.3% YoY), issued FY2026 EPS guidance of $2.52–2.60, and pays a quarterly $0.53 dividend (annualized yield ~5.4%) with a high payout ratio of 149%.

Wolverine Asset Management LLC purchased a new stake in CubeSmart (NYSE:CUBE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 27,310 shares of the real estate investment trust's stock, valued at approximately $985,000.

Several other large investors have also modified their holdings of CUBE. Royal Bank of Canada lifted its stake in shares of CubeSmart by 1.3% in the 1st quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust's stock valued at $7,429,000 after purchasing an additional 2,284 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of CubeSmart by 944.3% in the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust's stock valued at $303,000 after acquiring an additional 6,412 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of CubeSmart by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust's stock valued at $20,684,000 after acquiring an additional 19,476 shares during the period. Caxton Associates LLP purchased a new stake in shares of CubeSmart in the 1st quarter valued at approximately $270,000. Finally, Cetera Investment Advisers raised its position in CubeSmart by 1.6% in the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust's stock valued at $731,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 97.61% of the company's stock.

Insider Activity at CubeSmart

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total value of $949,530.96. Following the sale, the insider directly owned 205,057 shares of the company's stock, valued at approximately $8,411,438.14. This represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.76% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group cut their target price on CubeSmart from $38.00 to $37.00 and set a "neutral" rating on the stock in a research report on Thursday, January 8th. Barclays boosted their price objective on CubeSmart from $43.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, March 5th. Wall Street Zen upgraded CubeSmart from a "sell" rating to a "hold" rating in a report on Saturday. Wolfe Research downgraded CubeSmart from an "outperform" rating to a "peer perform" rating in a report on Monday, January 26th. Finally, Scotiabank upgraded CubeSmart to a "hold" rating in a report on Thursday, March 19th. 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 stock has a consensus rating of "Hold" and a consensus price target of $43.57.

CubeSmart Price Performance

Shares of CUBE opened at $39.20 on Wednesday. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $44.13. The firm's 50 day moving average price is $38.82 and its 200 day moving average price is $38.11. The company has a market cap of $8.94 billion, a P/E ratio of 27.61, a PEG ratio of 6.18 and a beta of 1.11. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29.

CubeSmart (NYSE:CUBE - Get Free Report) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The firm had revenue of $281.93 million for the quarter, compared to the consensus estimate of $275.25 million. During the same period in the prior year, the firm earned $0.64 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. On average, research analysts forecast that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.4%. CubeSmart's dividend payout ratio is currently 149.30%.

CubeSmart Profile

CubeSmart NYSE: CUBE is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company's portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart's facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.

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