Hsbc Holdings PLC Purchases 731,883 Shares of CubeSmart $CUBE

Hsbc Holdings PLC lifted its position in shares of CubeSmart (NYSE:CUBE) by 73.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,726,419 shares of the real estate investment trust’s stock after buying an additional 731,883 shares during the period. Hsbc Holdings PLC’s holdings in CubeSmart were worth $62,260,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Wiser Advisor Group LLC bought a new stake in CubeSmart during the third quarter worth $28,000. Geneos Wealth Management Inc. increased its stake in shares of CubeSmart by 174.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 568 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of CubeSmart during the 4th quarter worth $43,000. Steward Partners Investment Advisory LLC raised its holdings in shares of CubeSmart by 101.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,208 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 608 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of CubeSmart by 95.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,213 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 591 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Stock Performance

Shares of CUBE stock opened at $40.98 on Monday. The stock has a market capitalization of $9.28 billion, a PE ratio of 28.86, a PEG ratio of 7.08 and a beta of 1.08. The business’s 50 day simple moving average is $40.23 and its 200 day simple moving average is $38.83. 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 one year low of $35.09 and a one year high of $43.63.

CubeSmart (NYSE:CUBE) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The firm had revenue of $281.93 million during the quarter, compared to analyst estimates of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 EPS. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, research analysts forecast that CubeSmart will post 2.58 earnings per share for the current year.

CubeSmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is presently 149.30%.

Analyst Upgrades and Downgrades

CUBE has been the topic of several research analyst reports. Scotiabank raised CubeSmart to a “hold” rating in a research note on Thursday, March 19th. UBS Group boosted their target price on CubeSmart from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $46.00 price target on shares of CubeSmart in a research note on Monday, May 4th. Finally, Wells Fargo & Company lifted their price target on shares of CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, CubeSmart currently has a consensus rating of “Hold” and an average 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.