Lecap Asset Management Ltd. Takes Position in CubeSmart $CUBE

Lecap Asset Management Ltd. acquired a new position in shares of CubeSmart (NYSE:CUBE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,080 shares of the real estate investment trust’s stock, valued at approximately $386,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its stake in CubeSmart by 115.2% during the 1st quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 501 shares during the period. Covestor Ltd raised its position in shares of CubeSmart by 22.8% during the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 292 shares during the period. Signaturefd LLC lifted its holdings 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 worth $71,000 after purchasing an additional 761 shares in the last quarter. Farther Finance Advisors LLC grew its position in CubeSmart by 446.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 1,468 shares during the period. Finally, UMB Bank n.a. increased its stake in CubeSmart by 103.5% during the 1st quarter. UMB Bank n.a. now owns 1,917 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 975 shares in the last quarter. 97.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

CUBE has been the topic of a number of recent research reports. Evercore ISI raised their price objective on shares of CubeSmart from $48.00 to $49.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group dropped 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 decreased their price objective on CubeSmart from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Monday, August 25th. BNP Paribas raised CubeSmart to a “hold” rating in a research note on Tuesday, June 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a research report on Saturday, September 27th. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CubeSmart has a consensus rating of “Hold” and a consensus price target of $46.06.

CubeSmart Trading Up 1.2%

Shares of CubeSmart stock opened at $40.70 on Friday. The firm has a market cap of $9.28 billion, a PE ratio of 24.82, a P/E/G ratio of 8.96 and a beta of 0.96. CubeSmart has a 1 year low of $34.24 and a 1 year high of $51.85. 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 stock has a fifty day moving average price of $40.30 and a 200-day moving average price of $41.09.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $282.30 million during the quarter, compared to analyst estimates of $275.71 million. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Equities research analysts anticipate 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. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart’s dividend payout ratio is currently 126.83%.

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.