Louisiana State Employees Retirement System Makes New $2.42 Million Investment in CubeSmart $CUBE

Louisiana State Employees Retirement System bought a new stake in CubeSmart (NYSE:CUBE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 66,100 shares of the real estate investment trust’s stock, valued at approximately $2,423,000.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada grew its stake in CubeSmart by 1.3% in the first quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust’s stock worth $7,429,000 after purchasing an additional 2,284 shares during the period. Jones Financial Companies Lllp raised its holdings in CubeSmart by 944.3% in the first quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 6,412 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in CubeSmart by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust’s stock valued at $20,684,000 after buying an additional 19,476 shares during the period. Caxton Associates LLP purchased a new position in CubeSmart during the first quarter valued at $270,000. Finally, Cetera Investment Advisers boosted its holdings in shares of CubeSmart by 1.6% during the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after buying an additional 265 shares in the last quarter. 97.61% of the stock is currently owned by institutional investors.

CubeSmart Stock Performance

CUBE stock opened at $40.70 on Tuesday. The stock’s 50 day simple moving average is $40.17 and its 200 day simple moving average is $38.72. 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 12-month low of $35.09 and a 12-month high of $43.63. The stock has a market capitalization of $9.21 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 7.13 and a beta of 1.09.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share 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 analysts’ expectations of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, research analysts forecast that CubeSmart will post 2.58 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

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

Analyst Upgrades and Downgrades

CUBE has been the topic of a number of recent research reports. Truist Financial upped their target price on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. 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. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Mizuho upped their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, BNP Paribas Exane raised shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CubeSmart currently has a consensus rating of “Hold” and a consensus price target of $43.00.

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.