Lasalle Investment Management Securities LLC Increases Stake in CubeSmart $CUBE

Lasalle Investment Management Securities LLC boosted its stake in shares of CubeSmart (NYSE:CUBEFree Report) by 3.0% in the 4th quarter, Holdings Channel reports. The fund owned 1,080,351 shares of the real estate investment trust’s stock after buying an additional 31,187 shares during the period. CubeSmart makes up 1.6% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 25th largest position. Lasalle Investment Management Securities LLC’s holdings in CubeSmart were worth $38,947,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Diamond Hill Capital Management Inc. raised its position in CubeSmart by 4.4% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,813,777 shares of the real estate investment trust’s stock valued at $73,748,000 after acquiring an additional 75,855 shares in the last quarter. JPMorgan Chase & Co. raised its position in CubeSmart by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 5,340,869 shares of the real estate investment trust’s stock valued at $217,162,000 after acquiring an additional 91,694 shares in the last quarter. American Century Companies Inc. raised its position in CubeSmart by 9.0% during the third quarter. American Century Companies Inc. now owns 723,754 shares of the real estate investment trust’s stock valued at $29,428,000 after acquiring an additional 59,990 shares in the last quarter. Legal & General Group Plc raised its position in CubeSmart by 16.3% during the fourth quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust’s stock valued at $49,808,000 after acquiring an additional 193,467 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in CubeSmart during the third quarter valued at approximately $8,171,000. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

CubeSmart Stock Up 0.0%

Shares of CUBE opened at $40.01 on Monday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. CubeSmart has a 12 month low of $35.09 and a 12 month high of $44.13. The stock’s 50 day moving average is $38.85 and its two-hundred day moving average is $38.12. The firm has a market cap of $9.06 billion, a P/E ratio of 28.17, a PEG ratio of 6.91 and a beta of 1.09.

CubeSmart (NYSE:CUBEGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The company had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. During the same period last year, the company earned $0.64 earnings per share. CubeSmart’s quarterly revenue was up 3.3% compared to the same quarter last year. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Analysts predict that CubeSmart will post 2.58 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a $0.53 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. CubeSmart’s payout ratio is currently 149.30%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CUBE. Wells Fargo & Company reduced their price target on CubeSmart from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. BNP Paribas Exane upgraded CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price target for the company in a research report on Wednesday, March 18th. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group raised their price objective on CubeSmart from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, Mizuho raised their price objective on CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.33.

Read Our Latest Stock Report on CubeSmart

Insider Activity

In other news, insider Jeffrey P. Foster sold 23,148 shares of CubeSmart stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total value of $949,530.96. Following the sale, the insider directly owned 205,057 shares of the company’s stock, valued at $8,411,438.14. The trade was a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.76% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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