Sumitomo Mitsui Trust Group Inc. increased its position in CubeSmart (NYSE:CUBE – Free Report) by 11.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,303,156 shares of the real estate investment trust’s stock after buying an additional 134,699 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CubeSmart were worth $47,761,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CUBE. Legal & General Group Plc boosted its stake in shares of CubeSmart by 16.3% in the fourth quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust’s stock worth $49,808,000 after acquiring an additional 193,467 shares during the period. Cadence Bank bought a new stake in CubeSmart during the 4th quarter valued at approximately $4,043,000. Lasalle Investment Management Securities LLC lifted its holdings in CubeSmart by 3.0% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust’s stock worth $38,947,000 after purchasing an additional 31,187 shares in the last quarter. SG Americas Securities LLC lifted its holdings in CubeSmart by 3,255.9% in the 4th quarter. SG Americas Securities LLC now owns 739,382 shares of the real estate investment trust’s stock worth $26,655,000 after purchasing an additional 717,350 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in CubeSmart in the 3rd quarter worth approximately $8,171,000. 97.61% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on CUBE shares. Mizuho increased their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Scotiabank upgraded shares of CubeSmart to a “hold” rating in a report on Thursday, March 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $46.00 price target on shares of CubeSmart in a research note on Monday, May 4th. Barclays raised shares of CubeSmart from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $45.00 to $46.00 in a report on Friday. Finally, BNP Paribas Exane upgraded CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.18.
CubeSmart Stock Up 0.0%
Shares of NYSE:CUBE opened at $40.20 on Monday. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 6.94 and a beta of 1.08. CubeSmart has a 12 month low of $35.09 and a 12 month high of $42.64. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average price of $40.30 and a 200 day moving average price of $38.99.
CubeSmart (NYSE:CUBE – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping 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 analysts’ expectations of $275.25 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter 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, equities research analysts predict that CubeSmart will post 2.58 earnings per share for the current year.
CubeSmart Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a $0.53 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $2.12 dividend on an annualized basis and a yield of 5.3%. CubeSmart’s dividend payout ratio (DPR) is currently 149.30%.
About CubeSmart
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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