Bank of New York Mellon Corp Sells 45,197 Shares of CubeSmart $CUBE

Bank of New York Mellon Corp decreased its position in shares of CubeSmart (NYSE:CUBE) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,916,477 shares of the real estate investment trust’s stock after selling 45,197 shares during the quarter. Bank of New York Mellon Corp’s holdings in CubeSmart were worth $70,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wiser Advisor Group LLC bought a new position in CubeSmart in the third quarter valued at about $28,000. Geneos Wealth Management Inc. grew its holdings in shares of CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 568 shares during the last quarter. SJS Investment Consulting Inc. bought a new stake in shares of CubeSmart during the first quarter worth about $42,000. Los Angeles Capital Management LLC acquired a new position in shares of CubeSmart in the fourth quarter valued at approximately $43,000. Finally, Global Retirement Partners LLC increased its stake in shares of CubeSmart by 95.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,213 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 591 shares during the period. Institutional investors own 97.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group lifted their target price on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Barclays raised shares of CubeSmart from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Truist Financial lifted their price target on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company lifted their price objective on shares of CubeSmart from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, CubeSmart has an average rating of “Hold” and a consensus target price of $43.25.

CubeSmart Stock Performance

Shares of CUBE stock opened at $41.13 on Thursday. The stock has a market capitalization of $9.31 billion, a P/E ratio of 28.96, a PEG ratio of 7.08 and a beta of 1.08. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. The firm’s 50 day moving average is $40.44 and its 200 day moving average is $39.28. CubeSmart has a 12 month low of $35.09 and a 12 month high of $42.90.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results 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 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 analysts’ expectations of $275.25 million. During the same period in the previous year, the business earned $0.64 earnings per share. The firm’s quarterly 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, sell-side analysts anticipate that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.2%. CubeSmart’s dividend payout ratio (DPR) is currently 149.30%.

CubeSmart 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.