CubeSmart $CUBE Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in CubeSmart (NYSE:CUBE) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,714,128 shares of the real estate investment trust’s stock after acquiring an additional 52,207 shares during the quarter. Geode Capital Management LLC owned approximately 2.07% of CubeSmart worth $169,975,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new position in shares of CubeSmart in the third quarter worth $28,000. Geneos Wealth Management Inc. raised its holdings in shares of CubeSmart by 174.8% in the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 568 shares during the last quarter. Huntington National Bank raised its holdings in shares of CubeSmart by 43.3% in the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 295 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of 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 worth $44,000 after acquiring an additional 591 shares during the last quarter. Finally, Avalon Trust Co acquired a new position in shares of CubeSmart in the third quarter worth $51,000. 97.61% of the stock is owned by institutional investors and hedge funds.

CubeSmart Price Performance

Shares of NYSE:CUBE opened at $39.12 on Thursday. The company has a market cap of $8.86 billion, a P/E ratio of 27.55, a P/E/G ratio of 6.81 and a beta of 1.09. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29. CubeSmart has a 52 week low of $35.09 and a 52 week high of $44.13. The business has a fifty day simple moving average of $38.97 and a 200-day simple moving average of $38.17.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS 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 return on equity of 11.84% and a net margin of 28.93%.The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities research analysts forecast that CubeSmart will post 2.58 EPS for the current year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, July 1st. CubeSmart’s payout ratio is 149.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CUBE shares. Barclays boosted their price target on CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Scotiabank raised CubeSmart to a “hold” rating in a research report on Thursday, March 19th. Mizuho lifted their price objective on CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, BNP Paribas Exane raised CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, CubeSmart currently has an average rating of “Hold” and an average target price of $43.42.

CubeSmart Company 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.