Fieldview Capital Management LLC lessened its position in CubeSmart (NYSE:CUBE – Free Report) by 85.0% in the 4th quarter, Holdings Channel reports. The firm owned 17,001 shares of the real estate investment trust’s stock after selling 96,192 shares during the period. Fieldview Capital Management LLC’s holdings in CubeSmart were worth $613,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of CUBE. Wiser Advisor Group LLC bought a new stake in CubeSmart in the third quarter valued at approximately $28,000. Geneos Wealth Management Inc. increased its stake in CubeSmart by 174.8% in the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 568 shares in the last quarter. Huntington National Bank increased its stake in CubeSmart by 43.3% in 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 in the last quarter. Los Angeles Capital Management LLC bought a new stake in CubeSmart in the fourth quarter valued at approximately $43,000. Finally, Global Retirement Partners LLC increased its stake in CubeSmart by 95.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,213 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 591 shares in the last quarter. Institutional investors own 97.61% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Barclays upped their target price on shares of CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. UBS Group raised their price objective on shares of CubeSmart from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Mizuho raised their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, BNP Paribas Exane upgraded shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Wednesday, March 18th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, CubeSmart currently has an average rating of “Hold” and a consensus target price of $43.42.
CubeSmart Stock Down 1.4%
CubeSmart stock opened at $41.31 on Tuesday. The company has a market cap of $9.35 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 7.24 and a beta of 1.09. CubeSmart has a 1-year low of $35.09 and a 1-year high of $43.63. The company has a fifty day simple moving average of $39.72 and a 200 day simple moving average of $38.44. 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 (NYSE:CUBE – Get Free Report) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating 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 for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $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 anticipate that CubeSmart will post 2.58 earnings per share for the current fiscal year.
CubeSmart Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is 149.30%.
CubeSmart Profile
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.
Featured Articles
- Five stocks we like better than CubeSmart
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Want to see what other hedge funds are holding CUBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CubeSmart (NYSE:CUBE – Free Report).
Receive News & Ratings for CubeSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CubeSmart and related companies with MarketBeat.com's FREE daily email newsletter.
