Hsbc Holdings PLC Has $45.56 Million Position in CubeSmart $CUBE

Hsbc Holdings PLC lessened its stake in shares of CubeSmart (NYSE:CUBE) by 27.8% during the first quarter, Holdings Channel.com reports. The fund owned 1,246,879 shares of the real estate investment trust’s stock after selling 479,540 shares during the period. Hsbc Holdings PLC’s holdings in CubeSmart were worth $45,561,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CUBE. Norges Bank bought a new stake in shares of CubeSmart during the 4th quarter valued at $395,968,000. Geode Capital Management LLC increased its position in shares of CubeSmart by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock worth $169,975,000 after purchasing an additional 52,207 shares during the period. Alyeska Investment Group L.P. increased its position in shares of CubeSmart by 36.4% in the third 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 purchasing an additional 1,143,464 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its position in shares of CubeSmart by 3.1% in the fourth 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 purchasing an additional 105,105 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in CubeSmart by 5.3% in the fourth 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 purchasing an additional 171,539 shares in the last quarter. 97.61% of the stock is owned by institutional investors and hedge funds.

CubeSmart Price Performance

Shares of CUBE stock opened at $41.60 on Tuesday. The business has a fifty day simple moving average of $40.42 and a 200 day simple moving average of $39.21. The company has a market cap of $9.42 billion, a P/E ratio of 29.30, a P/E/G ratio of 7.25 and a beta of 1.08. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29. CubeSmart has a twelve month low of $35.09 and a twelve month high of $42.90.

CubeSmart (NYSE:CUBE) last released its 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. The firm had revenue of $281.93 million for the quarter, compared to analysts’ expectations of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. On average, sell-side analysts forecast that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.1%. CubeSmart’s payout ratio is 149.30%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CUBE shares. UBS Group upped their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Wells Fargo & Company boosted their target price on shares of CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Mizuho upped their price target on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Barclays upgraded shares of CubeSmart from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, CubeSmart has a consensus rating of “Hold” and an average target price of $43.25.

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.