Man Group plc Takes $707,000 Position in CubeSmart $CUBE

Man Group plc bought a new position in shares of CubeSmart (NYSE:CUBE) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 17,788 shares of the real estate investment trust’s stock, valued at approximately $707,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ieq Capital LLC purchased a new position in shares of CubeSmart in the 2nd quarter valued at $9,966,000. Legal & General Group Plc boosted its position 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 worth $49,808,000 after purchasing an additional 193,467 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in CubeSmart by 2,806.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 228,407 shares of the real estate investment trust’s stock valued at $8,234,000 after purchasing an additional 220,549 shares in the last quarter. Lasalle Investment Management Securities LLC increased its holdings in CubeSmart by 3.0% in the 4th 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 purchasing an additional 31,187 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in CubeSmart in the fourth quarter valued at about $949,000. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Trading Up 0.6%

NYSE:CUBE opened at $39.70 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07. CubeSmart has a one year low of $35.09 and a one year high of $43.26. The business’s 50-day simple moving average is $40.99 and its 200 day simple moving average is $39.98. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 6.49 and a beta of 1.05.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The business had revenue of $286.49 million for the quarter, compared to analyst estimates of $281.12 million. During the same quarter last year, the business earned $0.65 EPS. CubeSmart’s revenue for the quarter was up 1.5% compared to the same quarter last year. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. As a group, sell-side analysts predict that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. CubeSmart’s dividend payout ratio (DPR) is presently 146.21%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CUBE shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $47.00 target price on shares of CubeSmart in a research report on Tuesday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, July 15th. Truist Financial lifted their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Wells Fargo & Company boosted their target price on shares of CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, UBS Group upped 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, July 10th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CubeSmart has an average rating of “Hold” and an average price target of $43.45.

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.