Mutual of America Capital Management LLC Sells 3,035 Shares of CubeSmart $CUBE

Mutual of America Capital Management LLC decreased its stake in CubeSmart (NYSE:CUBE) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,362 shares of the real estate investment trust’s stock after selling 3,035 shares during the period. Mutual of America Capital Management LLC’s holdings in CubeSmart were worth $4,818,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of CubeSmart by 115.2% in 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 last quarter. IFP Advisors Inc increased its stake in CubeSmart by 737.2% in the second quarter. IFP Advisors Inc now owns 1,532 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 1,349 shares during the last quarter. Covestor Ltd increased its stake in CubeSmart by 22.8% in the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 292 shares during the last quarter. Signaturefd LLC increased its stake in CubeSmart by 82.8% in the second quarter. Signaturefd LLC now owns 1,680 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 761 shares during the last quarter. Finally, CWM LLC increased its position in shares of CubeSmart by 23.5% during the 1st quarter. CWM LLC now owns 1,950 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 371 shares during the last quarter. Institutional investors own 97.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CUBE. Evercore ISI increased their price objective on CubeSmart from $48.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $45.00 target price on shares of CubeSmart and gave the company a “buy” rating in a report on Monday, October 13th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.06.

CubeSmart Stock Up 0.5%

Shares of CubeSmart stock opened at $42.36 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.06 and a current ratio of 0.06. CubeSmart has a 52-week low of $34.24 and a 52-week high of $50.69. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 9.37 and a beta of 0.96. The company’s 50 day moving average price is $40.62 and its 200-day moving average price is $41.03.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $282.30 million for 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 company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $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 research analysts forecast that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Announces Dividend

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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Wednesday, October 1st. CubeSmart’s dividend payout ratio (DPR) is currently 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.