Louisiana State Employees Retirement System Invests $2.42 Million in CubeSmart $CUBE

Louisiana State Employees Retirement System acquired a new position in CubeSmart (NYSE:CUBE) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 66,100 shares of the real estate investment trust’s stock, valued at approximately $2,423,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of CubeSmart by 1.3% in the 1st quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust’s stock worth $7,429,000 after buying an additional 2,284 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings 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 acquiring an additional 6,412 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 acquiring an additional 19,476 shares during the last quarter. Caxton Associates LLP purchased a new position in CubeSmart in the first quarter worth $270,000. Finally, Cetera Investment Advisers grew its position in CubeSmart by 1.6% in the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after acquiring an additional 265 shares in the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Trading Down 1.4%

NYSE CUBE opened at $40.70 on Tuesday. The stock has a market cap of $9.21 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 7.13 and a beta of 1.09. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $43.63. The stock has a 50 day simple moving average of $40.17 and a two-hundred day simple moving average of $38.72. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04.

CubeSmart (NYSE:CUBE) last announced its earnings results 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 return on equity of 11.84% and a net margin of 28.93%.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 company earned $0.64 earnings per share. The firm’s revenue for the quarter 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, analysts forecast that CubeSmart will post 2.58 earnings per share for the current year.

CubeSmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is currently 149.30%.

Analysts Set New Price Targets

CUBE has been the topic of a number of research reports. Barclays raised their price target on CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Mizuho upped their price objective on CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Wells Fargo & Company increased their price objective on CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Truist Financial raised their price objective on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, UBS Group boosted their target price on CubeSmart from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.00.

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.