CubeSmart $CUBE Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of CubeSmart (NYSE:CUBE) by 38.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,170 shares of the real estate investment trust’s stock after acquiring an additional 7,000 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in CubeSmart were worth $1,070,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of CubeSmart by 446.2% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 1,468 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of CubeSmart in the 1st quarter valued at $821,000. QRG Capital Management Inc. increased its stake in CubeSmart by 9.8% in the 1st quarter. QRG Capital Management Inc. now owns 10,761 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 963 shares in the last quarter. Praxis Investment Management Inc. increased its stake in CubeSmart by 65.4% in the 1st quarter. Praxis Investment Management Inc. now owns 8,900 shares of the real estate investment trust’s stock worth $380,000 after purchasing an additional 3,520 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in CubeSmart by 7.4% during the 1st quarter. Bessemer Group Inc. now owns 3,721 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 255 shares during the period. 97.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CUBE has been the subject of several recent analyst reports. Barclays decreased their target price on shares of CubeSmart from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Citigroup decreased their price objective on shares of CubeSmart from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, August 25th. BNP Paribas Exane assumed coverage on shares of CubeSmart in a research report on Tuesday, June 24th. They set a “neutral” rating and a $46.00 price objective on the stock. BNP Paribas raised shares of CubeSmart to a “hold” rating in a research note on Tuesday, June 24th. Finally, UBS Group decreased their target price on CubeSmart from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, CubeSmart presently has a consensus rating of “Hold” and a consensus target price of $46.06.

CubeSmart Stock Up 0.8%

CubeSmart stock opened at $42.20 on Friday. The firm has a market cap of $9.62 billion, a PE ratio of 25.73, a P/E/G ratio of 9.37 and a beta of 0.96. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.06 and a current ratio of 0.06. The firm’s 50 day moving average price is $40.42 and its two-hundred day moving average price is $41.00. CubeSmart has a twelve month low of $34.24 and a twelve month high of $50.69.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The business had revenue of $282.30 million for the quarter, compared to analysts’ expectations of $275.71 million. During the same period in the previous year, the company posted $0.64 EPS. CubeSmart’s revenue was up 6.0% on a year-over-year basis. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. On average, research analysts predict that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Wednesday, October 1st. CubeSmart’s payout ratio is currently 126.83%.

CubeSmart Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.