Sanctuary Advisors LLC acquired a new position in shares of CubeSmart (NYSE:CUBE – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 19,311 shares of the real estate investment trust’s stock, valued at approximately $768,000.
A number of other hedge funds have also modified their holdings of CUBE. Royal Bank of Canada raised its position in shares of CubeSmart by 1.3% during the first quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust’s stock worth $7,429,000 after purchasing an additional 2,284 shares during the period. Jones Financial Companies Lllp boosted its position in shares of CubeSmart by 944.3% in the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust’s stock valued at $303,000 after purchasing an additional 6,412 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of CubeSmart by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust’s stock valued at $20,684,000 after purchasing an additional 19,476 shares during the period. Caxton Associates LLP purchased a new position in CubeSmart in the 1st quarter worth about $270,000. Finally, Cetera Investment Advisers increased its stake in CubeSmart by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after purchasing an additional 265 shares in the last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have issued reports on CUBE shares. UBS Group boosted their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Truist Financial lifted their target price on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Evercore set a $47.00 price target on shares of CubeSmart in a report on Monday, July 6th. KeyCorp restated a “sector weight” rating on shares of CubeSmart in a research report on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $43.55.
CubeSmart Stock Performance
Shares of CUBE stock opened at $40.04 on Friday. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 6.58 and a beta of 1.07. CubeSmart has a 1-year low of $35.09 and a 1-year high of $43.26. 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 stock’s fifty day simple moving average is $41.07 and its 200-day simple moving average is $39.94.
CubeSmart (NYSE:CUBE – Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.35% and a net margin of 29.41%.The business had revenue of $286.49 million during the quarter, compared to analysts’ expectations of $281.12 million. During the same period in the prior year, the company posted $0.65 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. 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, sell-side analysts predict that CubeSmart will post 2.57 earnings per share for the current fiscal year.
CubeSmart Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s dividend payout ratio is 146.21%.
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.
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