D.A. Davidson & CO. Raises Stock Holdings in CubeSmart $CUBE

D.A. Davidson & CO. raised its holdings in CubeSmart (NYSE:CUBE) by 53.6% during the 1st quarter, Holdings Channel reports. The firm owned 44,689 shares of the real estate investment trust’s stock after buying an additional 15,590 shares during the quarter. D.A. Davidson & CO.’s holdings in CubeSmart were worth $1,638,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in CubeSmart during the fourth quarter worth $395,968,000. Geode Capital Management LLC lifted its holdings in CubeSmart by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock valued at $169,975,000 after purchasing an additional 52,207 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of CubeSmart by 36.4% in the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock valued at $174,185,000 after purchasing an additional 1,143,464 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its position in shares of CubeSmart by 3.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust’s stock valued at $125,084,000 after purchasing an additional 105,105 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of CubeSmart by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,412,567 shares of the real estate investment trust’s stock worth $123,023,000 after purchasing an additional 171,539 shares in the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

CubeSmart Stock Performance

NYSE:CUBE opened at $40.95 on Wednesday. The company has a market cap of $9.27 billion, a P/E ratio of 28.84, a P/E/G ratio of 7.19 and a beta of 1.08. CubeSmart has a twelve month low of $35.09 and a twelve month high of $42.90. The company’s 50-day moving average price is $40.42 and its 200-day moving average price is $39.24. 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 released 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 during the quarter, compared to the consensus estimate of $275.25 million. During the same quarter in the prior year, the firm earned $0.64 EPS. 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. On average, sell-side analysts forecast that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

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

Wall Street Analysts Forecast Growth

CUBE has been the subject of several research analyst reports. Raymond James Financial started coverage on shares of CubeSmart in a research report on Wednesday, July 15th. They set an “outperform” rating and a $44.00 price target for the company. 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. Truist Financial boosted their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, July 15th. Finally, Evercore set a $47.00 target price on CubeSmart in a research report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.25.

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.