CubeSmart $CUBE Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its holdings in CubeSmart (NYSE:CUBE) by 66.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,934 shares of the real estate investment trust’s stock after selling 19,683 shares during the quarter. OLD National Bancorp IN’s holdings in CubeSmart were worth $364,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Wiser Advisor Group LLC acquired a new stake in CubeSmart in the 3rd quarter valued at $28,000. Geneos Wealth Management Inc. raised its position in CubeSmart by 174.8% during 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 period. Huntington National Bank lifted its holdings in CubeSmart by 43.3% during the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 295 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in CubeSmart during the fourth quarter valued at $43,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of CubeSmart by 101.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,208 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 608 shares during the period. 97.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CUBE shares. BNP Paribas Exane raised shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Wednesday, March 18th. Truist Financial raised their price target on shares of CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Wells Fargo & Company lifted their price objective on CubeSmart from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Scotiabank upgraded CubeSmart to a “hold” rating in a research note on Thursday, March 19th. Finally, Mizuho increased their target price on CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, CubeSmart has an average rating of “Hold” and an average price target of $43.00.

CubeSmart Stock Performance

NYSE:CUBE opened at $41.21 on Monday. The company has a market cap of $9.33 billion, a P/E ratio of 29.02, a P/E/G ratio of 7.13 and a beta of 1.09. CubeSmart has a twelve month low of $35.09 and a twelve month high of $43.63. The company’s 50-day moving average price is $40.14 and its 200-day moving average price is $38.68. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $281.93 million during the quarter, compared to analysts’ expectations of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. CubeSmart’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 EPS. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. On average, sell-side analysts forecast that CubeSmart will post 2.58 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $0.53 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.1%. CubeSmart’s dividend payout ratio is 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.