California Public Employees Retirement System Decreases Position in CubeSmart $CUBE

California Public Employees Retirement System decreased its position in shares of CubeSmart (NYSE:CUBE) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 392,814 shares of the real estate investment trust’s stock after selling 22,850 shares during the quarter. California Public Employees Retirement System owned 0.17% of CubeSmart worth $14,397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of CubeSmart during the 4th quarter worth $395,968,000. Geode Capital Management LLC increased its holdings in CubeSmart by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock worth $169,975,000 after acquiring an additional 52,207 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in CubeSmart by 36.4% during the 3rd 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 period. Cbre Investment Management Listed Real Assets LLC lifted its holdings in CubeSmart by 3.1% during 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in CubeSmart by 5.3% in the 4th 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 buying an additional 171,539 shares in the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

CubeSmart Trading Up 2.6%

Shares of NYSE:CUBE opened at $42.09 on Friday. The business’s 50-day moving average is $40.55 and its 200 day moving average is $39.34. The firm has a market capitalization of $9.53 billion, a P/E ratio of 29.64, a P/E/G ratio of 7.09 and a beta of 1.08. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.04 and a quick ratio of 0.04. CubeSmart has a 1 year low of $35.09 and a 1 year high of $42.90.

CubeSmart (NYSE:CUBE) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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 revenue was up 3.3% compared to the same quarter last year. 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. On average, research analysts predict that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is presently 149.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays upgraded CubeSmart from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $46.00 price objective on shares of CubeSmart in a research note on Monday, May 4th. UBS Group raised their price objective on CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Raymond James Financial assumed coverage on CubeSmart in a report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 target price for the company. Finally, Truist Financial lifted their target price on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, CubeSmart has a consensus rating of “Hold” and an average target price of $43.42.

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.