AlphaQuest LLC Sells 1,555 Shares of CubeSmart $CUBE

AlphaQuest LLC lessened its holdings in shares of CubeSmart (NYSE:CUBE) by 4.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,049 shares of the real estate investment trust’s stock after selling 1,555 shares during the quarter. AlphaQuest LLC’s holdings in CubeSmart were worth $1,405,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP lifted its holdings 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 purchasing an additional 501 shares during the last quarter. Covestor Ltd boosted its stake in shares of 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 buying an additional 292 shares during the period. Signaturefd LLC boosted its stake in shares of 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 buying an additional 761 shares during the period. IFP Advisors Inc boosted its stake in shares of 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 buying an additional 1,349 shares during the period. Finally, CWM LLC boosted its stake in shares of CubeSmart by 23.5% in the first quarter. CWM LLC now owns 1,950 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 371 shares during the period. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Price Performance

CUBE stock opened at $42.03 on Friday. CubeSmart has a 52-week low of $34.24 and a 52-week high of $50.69. The business has a 50-day simple moving average of $40.72 and a two-hundred day simple moving average of $41.11. The company has a market capitalization of $9.58 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 9.32 and a beta of 0.96. 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 (NYSE:CUBE) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $282.30 million for the quarter, compared to analysts’ expectations of $275.71 million. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. CubeSmart’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Research analysts expect that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.9%. The ex-dividend date was Wednesday, October 1st. CubeSmart’s dividend payout ratio is presently 126.83%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CUBE shares. Deutsche Bank Aktiengesellschaft set a $45.00 price target on CubeSmart and gave the company a “buy” rating in a research note on Monday, October 13th. Barclays cut their target price on CubeSmart from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Evercore ISI upped their target price on CubeSmart from $48.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. UBS Group cut their target price on CubeSmart from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Finally, Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a research note on Sunday, September 21st. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, CubeSmart presently has a consensus rating of “Hold” and a consensus price target of $46.06.

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.