CubeSmart $CUBE Shares Sold by Strs Ohio

Strs Ohio lowered its holdings in CubeSmart (NYSE:CUBE) by 4.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 429,614 shares of the real estate investment trust’s stock after selling 21,908 shares during the quarter. Strs Ohio owned about 0.19% of CubeSmart worth $15,745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CUBE. Royal Bank of Canada boosted its holdings in CubeSmart by 1.3% in the first quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust’s stock valued at $7,429,000 after purchasing an additional 2,284 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of CubeSmart by 944.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 6,412 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of CubeSmart by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust’s stock worth $20,684,000 after buying an additional 19,476 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of CubeSmart in the 1st quarter valued at $270,000. Finally, Cetera Investment Advisers boosted its holdings in shares of CubeSmart by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of CubeSmart from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Scotiabank upgraded shares of CubeSmart to a “hold” rating in a research note on Thursday, March 19th. Truist Financial raised their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Wells Fargo & Company boosted their target price on CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.00.

CubeSmart Stock Down 0.0%

Shares of NYSE:CUBE opened at $40.98 on Friday. CubeSmart has a 1-year low of $35.09 and a 1-year high of $43.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market cap of $9.28 billion, a P/E ratio of 28.86, a P/E/G ratio of 7.08 and a beta of 1.08. The firm has a fifty day moving average price of $40.23 and a 200 day moving average price of $38.82.

CubeSmart (NYSE:CUBE) last posted 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. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The company had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. During the same period in the previous year, the business posted $0.64 earnings per share. CubeSmart’s quarterly 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. Sell-side analysts predict that CubeSmart will post 2.58 EPS for the current year.

CubeSmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid 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 yield of 5.2%. CubeSmart’s dividend payout ratio is currently 149.30%.

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.