Jefferies Financial Group Inc. Buys Shares of 42,634 CubeSmart $CUBE

Jefferies Financial Group Inc. bought a new stake in shares of CubeSmart (NYSE:CUBE) in the fourth quarter, Holdings Channel reports. The firm bought 42,634 shares of the real estate investment trust’s stock, valued at approximately $1,537,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CUBE. Alyeska Investment Group L.P. raised its stake in shares of CubeSmart by 36.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock worth $174,185,000 after purchasing an additional 1,143,464 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of CubeSmart by 37.3% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,364,619 shares of the real estate investment trust’s stock worth $136,805,000 after purchasing an additional 914,884 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of CubeSmart by 3,255.9% during the 4th quarter. SG Americas Securities LLC now owns 739,382 shares of the real estate investment trust’s stock worth $26,655,000 after purchasing an additional 717,350 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of CubeSmart during the 3rd quarter worth about $23,516,000. Finally, Engineers Gate Manager LP raised its stake in shares of CubeSmart by 4,329.6% during the 2nd quarter. Engineers Gate Manager LP now owns 363,224 shares of the real estate investment trust’s stock worth $15,437,000 after purchasing an additional 355,024 shares in the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CUBE. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $46.00 price target on shares of CubeSmart in a research note on Monday, May 4th. Scotiabank upgraded shares of CubeSmart to a “hold” rating in a research note on Thursday, March 19th. Barclays increased their price target on shares of CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Finally, Wells Fargo & Company decreased their price target on CubeSmart from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, CubeSmart has an average rating of “Hold” and an average target price of $43.33.

CubeSmart Price Performance

Shares of CubeSmart stock opened at $40.01 on Thursday. The firm has a fifty day simple moving average of $38.79 and a 200-day simple moving average of $38.08. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. CubeSmart has a 1-year low of $35.09 and a 1-year high of $44.13. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 6.92 and a beta of 1.11.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $281.93 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. 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 expect that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a $0.53 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.3%. CubeSmart’s dividend payout ratio (DPR) is presently 149.30%.

Insider Activity

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. Insiders own 1.76% of the company’s stock.

About CubeSmart

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.