The Manufacturers Life Insurance Company Sells 14,489 Shares of CubeSmart $CUBE

The Manufacturers Life Insurance Company cut its position in shares of CubeSmart (NYSE:CUBE) by 6.6% in the first quarter, Holdings Channel.com reports. The firm owned 203,601 shares of the real estate investment trust’s stock after selling 14,489 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in CubeSmart were worth $7,462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. lifted its stake in CubeSmart by 8.0% in the first quarter. Measured Risk Portfolios Inc. now owns 61,518 shares of the real estate investment trust’s stock worth $2,255,000 after purchasing an additional 4,552 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of CubeSmart by 115.0% during the first quarter. Quantinno Capital Management LP now owns 808,353 shares of the real estate investment trust’s stock valued at $29,626,000 after buying an additional 432,415 shares during the last quarter. Entropy Technologies LP raised its holdings in shares of CubeSmart by 160.2% in the first quarter. Entropy Technologies LP now owns 180,056 shares of the real estate investment trust’s stock worth $6,599,000 after buying an additional 110,864 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of CubeSmart by 3.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 831,090 shares of the real estate investment trust’s stock worth $30,459,000 after buying an additional 28,036 shares during the period. Finally, Inceptionr LLC bought a new stake in shares of CubeSmart during the 1st quarter worth approximately $326,000. 97.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group boosted their price objective on CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, July 10th. KeyCorp reissued a “sector weight” rating on shares of CubeSmart in a research note on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, July 15th. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Raymond James Financial began coverage on shares of CubeSmart in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.50.

CubeSmart Trading Up 0.2%

Shares of NYSE CUBE opened at $41.92 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. The business has a fifty day simple moving average of $40.86 and a two-hundred day simple moving average of $39.59. The firm has a market cap of $9.44 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 7.25 and a beta of 1.07. CubeSmart has a twelve month low of $35.09 and a twelve month high of $43.26.

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

CubeSmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 5.1%. The ex-dividend date is Thursday, October 1st. 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.