Daiwa Securities Group Inc. Acquires 109,675 Shares of CubeSmart $CUBE

Daiwa Securities Group Inc. lifted its holdings in shares of CubeSmart (NYSE:CUBE) by 78.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 248,608 shares of the real estate investment trust’s stock after acquiring an additional 109,675 shares during the period. Daiwa Securities Group Inc.’s holdings in CubeSmart were worth $8,962,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in shares of CubeSmart by 57.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,099,134 shares of the real estate investment trust’s stock worth $39,624,000 after acquiring an additional 401,343 shares during the period. Bridges Investment Management Inc. lifted its holdings in shares of CubeSmart by 3.3% during the 4th quarter. Bridges Investment Management Inc. now owns 37,987 shares of the real estate investment trust’s stock worth $1,369,000 after acquiring an additional 1,211 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of CubeSmart by 3.1% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust’s stock worth $125,084,000 after acquiring an additional 105,105 shares during the period. Lasalle Investment Management Securities LLC lifted its holdings in CubeSmart by 3.0% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust’s stock valued at $38,947,000 after purchasing an additional 31,187 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in CubeSmart by 2.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 345,011 shares of the real estate investment trust’s stock valued at $12,438,000 after purchasing an additional 9,210 shares during the last quarter. 97.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CUBE. Royal Bank Of Canada reissued an “outperform” rating and set a $46.00 price target on shares of CubeSmart in a report on Monday, May 4th. Scotiabank raised shares of CubeSmart to a “hold” rating in a report on Thursday, March 19th. Barclays lifted their price target on shares of CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, UBS Group lifted their price target on shares of CubeSmart from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, CubeSmart currently has an average rating of “Hold” and a consensus target price of $43.42.

CubeSmart Trading Up 0.3%

Shares of CUBE stock opened at $40.43 on Monday. CubeSmart has a 12-month low of $35.09 and a 12-month high of $44.13. The company has a market capitalization of $9.15 billion, a P/E ratio of 28.47, a P/E/G ratio of 6.97 and a beta of 1.09. The firm has a 50-day moving average price of $39.13 and a 200 day moving average price of $38.23. 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 (NYSE:CUBE) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The company had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. 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 forecast that CubeSmart will post 2.58 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $0.53 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.2%. CubeSmart’s payout ratio is currently 149.30%.

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.