Bank of New York Mellon Corp Has $70.72 Million Stock Holdings in CubeSmart $CUBE

Bank of New York Mellon Corp trimmed its position in shares of CubeSmart (NYSE:CUBE) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,961,674 shares of the real estate investment trust’s stock after selling 174,380 shares during the period. Bank of New York Mellon Corp’s holdings in CubeSmart were worth $70,718,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CUBE. Norges Bank acquired a new stake in shares of CubeSmart during the fourth quarter valued at about $395,968,000. Alyeska Investment Group L.P. raised its position in shares of CubeSmart by 36.4% during the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock worth $174,185,000 after acquiring an additional 1,143,464 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of CubeSmart by 37.3% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,364,619 shares of the real estate investment trust’s stock worth $136,805,000 after acquiring an additional 914,884 shares during the last quarter. SG Americas Securities LLC raised its position in shares of CubeSmart by 3,255.9% during the fourth quarter. SG Americas Securities LLC now owns 739,382 shares of the real estate investment trust’s stock worth $26,655,000 after acquiring an additional 717,350 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of CubeSmart during the third quarter worth about $23,516,000. 97.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CUBE. UBS Group raised their price objective on CubeSmart from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Scotiabank upgraded CubeSmart to a “hold” rating in a research report on Thursday, March 19th. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays lifted their target price on CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Finally, BNP Paribas Exane upgraded CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 target price for the company in a report on Wednesday, March 18th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, CubeSmart presently has a consensus rating of “Hold” and a consensus price target of $43.42.

CubeSmart Trading Up 3.6%

NYSE CUBE opened at $41.60 on Wednesday. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 6.94 and a beta of 1.09. CubeSmart has a 52 week low of $35.09 and a 52 week high of $44.13. The business has a 50 day moving average price of $39.32 and a 200-day moving average price of $38.29. 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 released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm 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 company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. As a group, equities analysts expect that CubeSmart will post 2.58 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.1%. CubeSmart’s payout ratio is presently 149.30%.

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.