CubeSmart $CUBE Stock Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of CubeSmart (NYSE:CUBE) by 19.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 594,294 shares of the real estate investment trust’s stock after selling 145,088 shares during the quarter. SG Americas Securities LLC’s holdings in CubeSmart were worth $21,781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legal & General Group Plc increased its stake in CubeSmart by 16.3% during the 4th quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust’s stock valued at $49,808,000 after buying an additional 193,467 shares during the period. American Century Companies Inc. lifted its stake in shares of CubeSmart by 9.0% in the 3rd quarter. American Century Companies Inc. now owns 723,754 shares of the real estate investment trust’s stock worth $29,428,000 after acquiring an additional 59,990 shares during the period. Lasalle Investment Management Securities LLC boosted its holdings in shares of CubeSmart by 3.0% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust’s stock valued at $38,947,000 after acquiring an additional 31,187 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of CubeSmart during the third quarter valued at approximately $8,171,000. Finally, Cadence Bank acquired a new position in shares of CubeSmart during the fourth quarter valued at approximately $4,043,000. Institutional investors own 97.61% of the company’s stock.

CubeSmart Stock Down 0.5%

NYSE CUBE opened at $40.63 on Thursday. 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 company’s 50 day simple moving average is $40.07 and its 200 day simple moving average is $38.62. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.63. The company has a market capitalization of $9.20 billion, a P/E ratio of 28.61, a PEG ratio of 7.05 and a beta of 1.09.

CubeSmart (NYSE:CUBE) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $281.93 million during the quarter, compared to analyst estimates of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior 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. Equities research analysts expect that CubeSmart will post 2.58 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

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 given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, July 1st. CubeSmart’s dividend payout ratio is 149.30%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Scotiabank raised CubeSmart to a “hold” rating in a report on Thursday, March 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a $46.00 price target on shares of CubeSmart in a research report on Monday, May 4th. Barclays boosted their price objective on CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Wells Fargo & Company upped their price objective on CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, BNP Paribas Exane raised 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 assigned a Hold rating to the company. According to MarketBeat, CubeSmart presently has a consensus rating of “Hold” and an average price target of $43.00.

CubeSmart Company 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.