Pallas Capital Advisors LLC Makes New $980,000 Investment in CubeSmart $CUBE

Pallas Capital Advisors LLC purchased a new stake in CubeSmart (NYSE:CUBE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,643 shares of the real estate investment trust’s stock, valued at approximately $980,000.

Other large investors have also recently modified their holdings of the company. Cetera Investment Advisers lifted its holdings in shares of CubeSmart by 1.6% during the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after purchasing an additional 265 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of CubeSmart by 4.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 6,964 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 269 shares during the last quarter. Fifth Third Bancorp increased its holdings 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 valued at $96,000 after purchasing an additional 289 shares during the period. Rockefeller Capital Management L.P. increased its holdings in CubeSmart by 15.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,204 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 295 shares during the period. Finally, Pacific Sun Financial Corp raised its position in CubeSmart by 6.6% during the 3rd quarter. Pacific Sun Financial Corp now owns 5,022 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 310 shares during the last quarter. Institutional investors own 97.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CUBE shares. Mizuho lifted their target price on CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Raymond James Financial initiated coverage on CubeSmart in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Evercore set a $47.00 price objective on CubeSmart in a research note on Monday, July 6th. Finally, Barclays upgraded CubeSmart from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $45.00 to $46.00 in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.50.

CubeSmart Price Performance

CUBE stock opened at $41.04 on Wednesday. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 6.82 and a beta of 1.07. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. CubeSmart has a 12-month low of $35.09 and a 12-month high of $43.26. The company’s fifty day simple moving average is $41.14 and its 200 day simple moving average is $39.80.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The firm had revenue of $286.49 million for the quarter, compared to the consensus estimate of $281.12 million. During the same period last year, the company posted $0.65 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. On average, analysts expect that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, October 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.2%. CubeSmart’s dividend payout ratio is presently 146.21%.

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.