BNP Paribas Financial Markets Has $7.49 Million Holdings in CubeSmart $CUBE

BNP Paribas Financial Markets lifted its stake in shares of CubeSmart (NYSE:CUBE) by 109.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 207,632 shares of the real estate investment trust’s stock after buying an additional 108,589 shares during the period. BNP Paribas Financial Markets’ holdings in CubeSmart were worth $7,485,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Cetera Investment Advisers lifted its position in shares of 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 purchasing an additional 265 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in CubeSmart by 1.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,357 shares of the real estate investment trust’s stock valued at $665,000 after buying an additional 282 shares during the last quarter. Huntington National Bank boosted its position in CubeSmart by 43.3% in the 3rd quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 295 shares during the last quarter. Pacific Sun Financial Corp boosted its position in CubeSmart by 6.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 5,022 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 310 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in CubeSmart by 16.9% in the 4th quarter. Fifth Third Bancorp now owns 2,319 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 335 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.

CubeSmart Trading Up 3.6%

Shares of NYSE CUBE opened at $41.60 on Wednesday. The company’s 50 day simple moving average is $39.32 and its 200 day simple moving average is $38.29. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $44.13. The firm has a market capitalization of $9.42 billion, a P/E ratio of 29.30, a P/E/G ratio of 6.94 and a beta of 1.09. 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 (NYSE:CUBE) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating 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 business had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. During the same period in the prior year, the business posted $0.64 earnings per share. CubeSmart’s revenue was up 3.3% compared to the same quarter last year. 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, analysts predict that CubeSmart will post 2.58 EPS for the current year.

CubeSmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, July 1st. CubeSmart’s dividend payout ratio is currently 149.30%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Mizuho increased their price objective on CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Scotiabank upgraded CubeSmart to a “hold” rating in a research report on Thursday, March 19th. Barclays increased their price objective on CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. UBS Group increased their price objective on CubeSmart from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Finally, BNP Paribas Exane upgraded CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research report on Wednesday, March 18th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CubeSmart has a consensus rating of “Hold” and an average target price of $43.42.

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.