CubeSmart $CUBE Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of CubeSmart (NYSE:CUBE) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 508,977 shares of the real estate investment trust’s stock after purchasing an additional 18,475 shares during the period. Principal Financial Group Inc. owned approximately 0.22% of CubeSmart worth $18,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Chicago Partners Investment Group LLC lifted its stake in CubeSmart by 174.4% during the first quarter. Chicago Partners Investment Group LLC now owns 18,415 shares of the real estate investment trust’s stock valued at $720,000 after purchasing an additional 11,704 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in CubeSmart by 21.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 160,057 shares of the real estate investment trust’s stock worth $5,866,000 after buying an additional 28,735 shares in the last quarter. Fifth Third Bancorp grew its position in CubeSmart by 12.5% in the first quarter. Fifth Third Bancorp now owns 2,608 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 289 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in CubeSmart by 28.5% in the first quarter. Sequoia Financial Advisors LLC now owns 78,494 shares of the real estate investment trust’s stock worth $2,877,000 after buying an additional 17,406 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its holdings in shares of CubeSmart by 3.5% in the first quarter. Azzad Asset Management Inc. ADV now owns 23,857 shares of the real estate investment trust’s stock valued at $874,000 after buying an additional 816 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Stock Up 0.5%

Shares of NYSE:CUBE opened at $41.13 on Thursday. The firm has a 50 day simple moving average of $40.44 and a 200 day simple moving average of $39.28. CubeSmart has a 52 week low of $35.09 and a 52 week high of $42.90. 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 company has a market cap of $9.31 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 7.08 and a beta of 1.08.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings data 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. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The firm had revenue of $281.93 million for the quarter, compared to analysts’ expectations of $275.25 million. During the same period in the previous year, the company posted $0.64 EPS. The company’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. As a group, research analysts expect 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, July 15th. Investors of record on Wednesday, July 1st were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Wednesday, July 1st. CubeSmart’s dividend payout ratio is currently 149.30%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CUBE. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Truist Financial upped their target price on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Wells Fargo & Company increased their price target on CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Finally, UBS Group increased their price target on CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $43.25.

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.