Thrivent Financial for Lutherans Raises Stake in CubeSmart $CUBE

Posted by Brian Himes on May 23rd, 2026

Thrivent Financial for Lutherans boosted its holdings in shares of CubeSmart (NYSE:CUBE – Free Report) by 95.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 102,468 shares of the real estate investment trust’s stock after purchasing an additional 50,078 shares during the period. Thrivent Financial for Lutherans’ holdings in CubeSmart were worth $3,640,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wiser Advisor Group LLC purchased a new position in CubeSmart during the 3rd quarter worth $28,000. Geneos Wealth Management Inc. grew its position in CubeSmart by 174.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 568 shares during the last quarter. Huntington National Bank grew its position in CubeSmart by 43.3% during the 3rd quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 295 shares during the last quarter. Avalon Trust Co purchased a new position in CubeSmart during the 3rd quarter worth $51,000. Finally, Syntax Research Inc. purchased a new position in CubeSmart during the 3rd quarter worth $71,000. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Stock Down 0.1%

CUBE stock opened at $40.09 on Friday. CubeSmart has a one year low of $35.09 and a one year high of $44.13. The stock has a market capitalization of $9.08 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 6.95 and a beta of 1.11. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04. The company has a fifty day moving average of $38.70 and a 200-day moving average of $38.01.

CubeSmart (NYSE:CUBE – Get Free Report) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS 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 company had revenue of $281.93 million during the quarter, compared to analysts’ expectations of $275.25 million. During the same quarter last year, the business earned $0.64 EPS. The business’s revenue 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. As a group, analysts expect that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.53 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.3%. CubeSmart’s dividend payout ratio (DPR) is 149.30%.

Insider Activity at CubeSmart

In related news, insider Jeffrey P. Foster sold 23,148 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total value of $949,530.96. Following the completion of the sale, the insider owned 205,057 shares in the company, valued at $8,411,438.14. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on CUBE. BNP Paribas Exane raised shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research report on Wednesday, March 18th. Royal Bank Of Canada restated an “outperform” rating and issued a $46.00 target price on shares of CubeSmart in a research note on Monday, May 4th. Scotiabank upgraded shares of CubeSmart to a “hold” rating in a research note on Thursday, March 19th. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, UBS Group raised their target price on shares of CubeSmart from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.00.

Read Our Latest Stock Analysis on CUBE

CubeSmart Company Profile

(Free Report)

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.