West Family Investments Inc. purchased a new stake in CubeSmart (NYSE:CUBE – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,172 shares of the real estate investment trust’s stock, valued at approximately $643,000.
Other institutional investors have also recently bought and sold shares of the company. Alpine Woods Capital Investors LLC bought a new position in shares of CubeSmart during the second quarter worth $288,000. BlackRock Inc. bought a new position in CubeSmart during the second quarter worth about $1,349,164,000. Pallas Capital Advisors LLC acquired a new position in CubeSmart in the second quarter valued at about $980,000. Deutsche Bank AG acquired a new position in CubeSmart in the second quarter valued at about $12,906,000. Finally, Capital Financial Group Inc. Co. ADV bought a new stake in shares of CubeSmart in the second quarter worth about $774,000. Institutional investors and hedge funds own 97.61% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. UBS Group lifted their price target on shares of CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. KeyCorp reissued a “sector weight” rating on shares of CubeSmart in a research note on Tuesday, August 4th. Truist Financial upped their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, July 15th. Finally, Raymond James Financial assumed coverage on CubeSmart in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.50.
CubeSmart Stock Performance
Shares of NYSE CUBE opened at $41.46 on Thursday. 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 capitalization of $9.34 billion, a P/E ratio of 28.60, a P/E/G ratio of 6.74 and a beta of 1.07. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.26. The stock has a 50 day moving average of $41.13 and a 200-day moving average of $39.82.
CubeSmart (NYSE:CUBE – Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). The company had revenue of $286.49 million for the quarter, compared to analyst estimates of $281.12 million. CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. As a group, equities research analysts predict that CubeSmart will post 2.57 EPS for the current year.
CubeSmart Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued 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 5.1%. CubeSmart’s dividend payout ratio (DPR) is currently 146.21%.
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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