Dimensional Fund Advisors LP Has $122.95 Million Position in CubeSmart $CUBE

Dimensional Fund Advisors LP lifted its position in shares of CubeSmart (NYSE:CUBE) by 1.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,354,921 shares of the real estate investment trust’s stock after acquiring an additional 48,268 shares during the quarter. Dimensional Fund Advisors LP’s holdings in CubeSmart were worth $122,953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of CubeSmart by 1.3% during 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 buying an additional 2,284 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of CubeSmart by 944.3% in the first quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust’s stock valued at $303,000 after purchasing an additional 6,412 shares during the period. Goldman Sachs Group Inc. increased its stake in CubeSmart by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust’s stock valued at $20,684,000 after purchasing an additional 19,476 shares during the last quarter. Caxton Associates LLP acquired a new position in CubeSmart in the first quarter valued at $270,000. Finally, Cetera Investment Advisers lifted its position in CubeSmart by 1.6% during the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after buying an additional 265 shares during the period. 97.61% of the stock is owned by institutional investors.

CubeSmart Price Performance

NYSE:CUBE opened at $42.27 on Tuesday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29. The firm has a market cap of $9.57 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 7.28 and a beta of 1.08. CubeSmart has a 12 month low of $35.09 and a 12 month high of $42.90. The company’s 50-day moving average price is $40.61 and its two-hundred day moving average price is $39.41.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $275.25 million. During the same quarter last year, the business posted $0.64 earnings per share. The company’s 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, equities analysts anticipate that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on CUBE. Barclays raised CubeSmart from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $45.00 to $46.00 in a research note on Friday, July 10th. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Raymond James Financial began coverage on shares of CubeSmart in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 target price on the stock. Mizuho boosted their target price on shares of CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, Wells Fargo & Company upped their price target on shares of CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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.