Strs Ohio Lowers Holdings in CubeSmart $CUBE

Strs Ohio reduced its position in CubeSmart (NYSE:CUBE) by 4.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 429,614 shares of the real estate investment trust’s stock after selling 21,908 shares during the quarter. Strs Ohio’s holdings in CubeSmart were worth $15,745,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CUBE. Norges Bank acquired a new position in shares of CubeSmart during the fourth quarter worth about $395,968,000. Geode Capital Management LLC lifted its position in CubeSmart by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock valued at $169,975,000 after purchasing an additional 52,207 shares during the period. Alyeska Investment Group L.P. lifted its position in CubeSmart by 36.4% in the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock valued at $174,185,000 after purchasing an additional 1,143,464 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its holdings in CubeSmart by 3.1% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust’s stock valued at $125,084,000 after purchasing an additional 105,105 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in CubeSmart by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,412,567 shares of the real estate investment trust’s stock valued at $123,023,000 after purchasing an additional 171,539 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Price Performance

Shares of NYSE:CUBE opened at $40.98 on Friday. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 7.08 and a beta of 1.08. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.04 and a quick ratio of 0.04. The business’s 50 day simple moving average is $40.23 and its 200-day simple moving average is $38.82. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.63.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data 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%.CubeSmart’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $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, equities analysts forecast that CubeSmart will post 2.58 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $46.00 target price on shares of CubeSmart in a research report on Monday, May 4th. Scotiabank upgraded CubeSmart to a “hold” rating in a research note on Thursday, March 19th. Truist Financial upped their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Mizuho increased their price objective on CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, Wells Fargo & Company increased their price objective on CubeSmart from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.00.

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.