Twin Tree Management LP Trims Position in CubeSmart $CUBE

Twin Tree Management LP decreased its position in shares of CubeSmart (NYSE:CUBE) by 42.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,199 shares of the real estate investment trust’s stock after selling 5,384 shares during the quarter. Twin Tree Management LP’s holdings in CubeSmart were worth $306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CUBE. Farther Finance Advisors LLC lifted its stake in shares of CubeSmart by 446.2% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 1,468 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of CubeSmart by 588.9% during the first quarter. Exchange Traded Concepts LLC now owns 21,722 shares of the real estate investment trust’s stock valued at $928,000 after buying an additional 18,569 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of CubeSmart during the first quarter valued at approximately $821,000. QRG Capital Management Inc. raised its stake in CubeSmart by 9.8% during the first quarter. QRG Capital Management Inc. now owns 10,761 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 963 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in CubeSmart by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 135,802 shares of the real estate investment trust’s stock worth $5,800,000 after purchasing an additional 2,083 shares during the period. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CUBE. Royal Bank Of Canada cut their price target on shares of CubeSmart from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Monday, August 4th. UBS Group cut their price target on shares of CubeSmart from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft set a $45.00 price target on shares of CubeSmart and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, Evercore ISI increased their price target on shares of CubeSmart from $48.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.06.

CubeSmart Price Performance

CubeSmart stock opened at $42.20 on Friday. CubeSmart has a 52-week low of $34.24 and a 52-week high of $50.69. The firm has a fifty day moving average of $40.42 and a 200-day moving average of $41.00. The firm has a market capitalization of $9.62 billion, a P/E ratio of 25.73, a PEG ratio of 9.31 and a beta of 0.96. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.18.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $275.71 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. As a group, analysts predict that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $2.08 annualized dividend and a dividend yield of 4.9%. CubeSmart’s dividend payout ratio is presently 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.