Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 28,735 Shares of CubeSmart $CUBE

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in CubeSmart (NYSE:CUBE) by 21.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,057 shares of the real estate investment trust’s stock after buying an additional 28,735 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CubeSmart were worth $5,866,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in CubeSmart during the fourth quarter valued at $395,968,000. Geode Capital Management LLC grew its position in shares of CubeSmart by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock worth $169,975,000 after buying an additional 52,207 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of CubeSmart by 36.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock worth $174,185,000 after acquiring an additional 1,143,464 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of 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 worth $125,084,000 after acquiring an additional 105,105 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in CubeSmart by 5.3% during 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 acquiring an additional 171,539 shares during the period. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

CubeSmart Price Performance

Shares of NYSE:CUBE opened at $40.63 on Wednesday. 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 firm has a market cap of $9.20 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 7.01 and a beta of 1.08. The business has a 50-day simple moving average of $40.33 and a two-hundred day simple moving average of $39.06. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $42.64.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $275.25 million. During the same quarter last year, the firm posted $0.64 EPS. The business’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. On average, analysts expect that CubeSmart will post 2.58 earnings per share for the current year.

CubeSmart Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on CUBE. UBS Group raised their target price on shares of CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday. Royal Bank Of Canada reiterated an “outperform” rating and set a $46.00 price target on shares of CubeSmart in a report on Monday, May 4th. BNP Paribas Exane upgraded shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective for the company in a report on Wednesday, March 18th. Barclays raised CubeSmart from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $45.00 to $46.00 in a research report on Friday. Finally, Evercore set a $47.00 target price on CubeSmart in a research note on Monday, July 6th. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, CubeSmart has an average rating of “Hold” and a consensus target price of $43.18.

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.