13,523 Shares in CubeSmart $CUBE Purchased by TD Waterhouse Canada Inc.

Posted by George Bondi on Oct 24th, 2026

TD Waterhouse Canada Inc. purchased a new stake in CubeSmart (NYSE:CUBE – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,523 shares of the real estate investment trust’s stock, valued at approximately $507,000.

A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. acquired a new position in CubeSmart during the second quarter worth $1,349,164,000. Canada Pension Plan Investment Board acquired a new stake in CubeSmart in the second quarter valued at $288,512,000. Dimensional Fund Advisors LP lifted its holdings in CubeSmart by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,354,921 shares of the real estate investment trust’s stock valued at $122,953,000 after acquiring an additional 48,268 shares during the period. Bank of New York Mellon Corp acquired a new stake in CubeSmart in the second quarter valued at $74,199,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in CubeSmart in the second quarter valued at $68,552,000. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group decreased their target price on shares of CubeSmart from $43.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, October 16th. KeyCorp reiterated a “sector weight” rating on shares of CubeSmart in a report on Tuesday, August 4th. Truist Financial assumed coverage on shares of CubeSmart in a research note on Friday, October 2nd. They issued a “buy” rating and a $41.00 price objective for the company. Raymond James Financial began coverage on shares of CubeSmart in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price objective for the company. Finally, Mizuho decreased their price objective on shares of CubeSmart from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, September 2nd. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, CubeSmart has a consensus rating of “Hold” and an average price target of $42.73.

Check Out Our Latest Stock Analysis on CubeSmart

CubeSmart Stock Performance

CubeSmart stock opened at $40.15 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a fifty day moving average of $39.15 and a two-hundred day moving average of $39.96. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 6.79 and a beta of 1.05. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $43.26.

CubeSmart (NYSE:CUBE – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%. The company had revenue of $286.49 million during the quarter, compared to analyst estimates of $281.12 million. During the same period last year, the firm earned $0.65 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. On average, analysts anticipate that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Thursday, October 1st. CubeSmart’s dividend payout ratio is 146.21%.

CubeSmart Profile

(Free Report)

CubeSmart (NYSE: CUBE) is a self-administered and self-managed real estate investment trust that owns, operates and manages self-storage facilities in the United States. The company provides storage space for households, businesses and other customers through a portfolio serving metropolitan areas and communities across the country.

Its facilities offer a range of storage options, including traditional and climate-controlled units, as well as space for vehicles, boats and recreational vehicles at select locations.