New York State Teachers Retirement System Has $6.10 Million Stock Position in CubeSmart $CUBE

New York State Teachers Retirement System grew its holdings in shares of CubeSmart (NYSE:CUBE) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,105 shares of the real estate investment trust’s stock after purchasing an additional 18,308 shares during the quarter. New York State Teachers Retirement System’s holdings in CubeSmart were worth $6,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wiser Advisor Group LLC acquired a new position in CubeSmart during the third quarter worth $28,000. Geneos Wealth Management Inc. raised its holdings in CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 568 shares in the last quarter. Huntington National Bank lifted its position in shares of CubeSmart by 43.3% in the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 295 shares during the last quarter. Avalon Trust Co bought a new stake in shares of CubeSmart during the 3rd quarter worth about $51,000. Finally, Syntax Research Inc. bought a new stake in shares of CubeSmart during the 3rd quarter worth about $71,000. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Trading Up 0.4%

CubeSmart stock opened at $39.20 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04. The business’s 50-day simple moving average is $38.82 and its 200-day simple moving average is $38.11. The firm has a market capitalization of $8.94 billion, a PE ratio of 27.61, a PEG ratio of 6.18 and a beta of 1.11. CubeSmart has a 52 week low of $35.09 and a 52 week high of $44.13.

CubeSmart (NYSE:CUBE) last announced its 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. The firm had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities research analysts forecast that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Wednesday, April 1st. CubeSmart’s dividend payout ratio is currently 149.30%.

Insider Buying and Selling at CubeSmart

In other news, insider Jeffrey P. Foster sold 23,148 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total value of $949,530.96. Following the sale, the insider owned 205,057 shares in the company, valued at approximately $8,411,438.14. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

CUBE has been the topic of a number of recent analyst reports. UBS Group cut their price objective on CubeSmart from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Wolfe Research cut CubeSmart from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 26th. Wells Fargo & Company lowered their price target on CubeSmart from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Barclays lifted their price target on shares of CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Finally, BNP Paribas Exane upgraded shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective for the company in a research note on Wednesday, March 18th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.57.

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.