Squarepoint Ops LLC Lowers Holdings in CubeSmart $CUBE

Squarepoint Ops LLC trimmed its position in CubeSmart (NYSE:CUBE) by 15.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,235 shares of the real estate investment trust’s stock after selling 33,015 shares during the period. Squarepoint Ops LLC’s holdings in CubeSmart were worth $7,208,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers grew its position in shares of CubeSmart by 1.6% during the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after purchasing an additional 265 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of CubeSmart by 4.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 6,964 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 269 shares in the last quarter. HighTower Advisors LLC boosted its stake in CubeSmart by 0.5% during the second quarter. HighTower Advisors LLC now owns 59,947 shares of the real estate investment trust’s stock valued at $2,384,000 after buying an additional 281 shares during the period. Fifth Third Bancorp boosted its position in shares of CubeSmart by 12.5% during the 1st quarter. Fifth Third Bancorp now owns 2,608 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 289 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of CubeSmart by 15.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,204 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 295 shares during the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on CUBE. Raymond James Financial began coverage on shares of CubeSmart in a research report on Wednesday, July 15th. They set an “outperform” rating and a $44.00 target price for the company. Mizuho decreased their price target on shares of CubeSmart from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, September 2nd. Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Evercore set a $47.00 price objective on shares of CubeSmart in a report on Monday, July 6th. Finally, UBS Group upped their target price 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. Six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.45.

CubeSmart Stock Performance

NYSE:CUBE opened at $39.08 on Friday. The business has a 50 day moving average of $40.87 and a 200 day moving average of $39.98. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 6.40 and a beta of 1.05. CubeSmart has a 1-year low of $35.09 and a 1-year high of $43.26. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). The business had revenue of $286.49 million for the quarter, compared to the consensus estimate of $281.12 million. CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. On average, sell-side analysts predict that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 annualized dividend and a yield of 5.4%. CubeSmart’s payout ratio is currently 146.21%.

About CubeSmart

CubeSmart (NYSE:CUBE) is a self-administered and self-managed real estate investment trust that owns, operates and develops self-storage facilities in the United States. Its facilities provide individuals and businesses with storage units in a range of sizes, along with related services such as tenant insurance and online rental and payment options.

In addition to managing its owned properties, CubeSmart provides third-party management services for self-storage facilities owned by other parties.