7,254,520 Shares in CubeSmart $CUBE Acquired by Canada Pension Plan Investment Board

Posted by Geri Gentry on Aug 26th, 2026

Canada Pension Plan Investment Board acquired a new stake in shares of CubeSmart (NYSE:CUBE – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,254,520 shares of the real estate investment trust’s stock, valued at approximately $288,512,000.

A number of other large investors have also added to or reduced their stakes in the stock. Wiser Advisor Group LLC bought a new position in shares of CubeSmart during the third quarter valued at $28,000. Geneos Wealth Management Inc. boosted its stake in CubeSmart by 174.8% in 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 in the last quarter. Essential Partners LLC boosted its stake in CubeSmart by 594.7% in the 1st quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 779 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in CubeSmart during the 4th quarter valued at about $43,000. Finally, SJS Investment Consulting Inc. purchased a new stake in CubeSmart during the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CUBE shares. Mizuho raised their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Raymond James Financial initiated coverage on shares of CubeSmart in a report on Wednesday, July 15th. They set an “outperform” rating and a $44.00 price target on the stock. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. KeyCorp reissued a “sector weight” rating on shares of CubeSmart in a report on Tuesday, August 4th. Finally, UBS Group raised their price target on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.55.

Check Out Our Latest Report on CUBE

CubeSmart Stock Performance

CUBE opened at $40.62 on Wednesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 6.73 and a beta of 1.07. The company’s 50 day moving average is $41.09 and its 200 day moving average is $39.91. CubeSmart has a 12-month low of $35.09 and a 12-month high of $43.26.

CubeSmart (NYSE:CUBE – Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.25). CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The business had revenue of $286.49 million for the quarter, compared to the consensus estimate of $281.12 million. During the same quarter last year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. On average, equities research analysts predict that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.2%. CubeSmart’s payout ratio is presently 146.21%.

CubeSmart 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.