K2 Principal Fund L.P. Takes Position in CubeSmart $CUBE

K2 Principal Fund L.P. bought a new stake in shares of CubeSmart (NYSE:CUBEFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 30,100 shares of the real estate investment trust’s stock, valued at approximately $1,085,000.

A number of other large investors have also recently made changes to their positions in the stock. Cetera Investment Advisers boosted its stake in shares of CubeSmart by 1.6% during the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after purchasing an additional 265 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of CubeSmart by 1.8% during the third quarter. Crossmark Global Holdings Inc. now owns 16,357 shares of the real estate investment trust’s stock valued at $665,000 after purchasing an additional 282 shares during the period. Huntington National Bank boosted its stake in shares of CubeSmart by 43.3% during the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 295 shares during the period. Pacific Sun Financial Corp boosted its stake in shares of CubeSmart by 6.6% during the third quarter. Pacific Sun Financial Corp now owns 5,022 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 310 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of CubeSmart by 16.9% during the fourth quarter. Fifth Third Bancorp now owns 2,319 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 335 shares during the period. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Stock Performance

Shares of CubeSmart stock opened at $41.85 on Friday. The company has a market capitalization of $9.48 billion, a PE ratio of 29.47, a P/E/G ratio of 7.24 and a beta of 1.09. 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 50-day simple moving average of $39.64 and a two-hundred day simple moving average of $38.40. CubeSmart has a one year low of $35.09 and a one year high of $43.63.

CubeSmart (NYSE:CUBEGet Free Report) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Research analysts expect that CubeSmart will post 2.58 EPS for the current fiscal year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.53 per share. The ex-dividend date is Wednesday, July 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.1%. CubeSmart’s dividend payout ratio is 149.30%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $46.00 price objective on shares of CubeSmart in a research note on Monday, May 4th. Scotiabank raised shares of CubeSmart to a “hold” rating in a research note on Thursday, March 19th. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Barclays upped their price objective on shares of CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Finally, Wells Fargo & Company upped their price objective on shares of CubeSmart from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, CubeSmart has a consensus rating of “Hold” and an average price target of $43.42.

Check Out Our Latest Analysis on CubeSmart

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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