CubeSmart $CUBE Shares Acquired by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC increased its holdings in shares of CubeSmart (NYSE:CUBE) by 50.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 450,000 shares of the real estate investment trust’s stock after buying an additional 150,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in CubeSmart were worth $16,222,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Diamond Hill Capital Management Inc. lifted its holdings in shares of CubeSmart by 4.4% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,813,777 shares of the real estate investment trust’s stock worth $73,748,000 after acquiring an additional 75,855 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of CubeSmart by 817.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 98,298 shares of the real estate investment trust’s stock worth $3,936,000 after acquiring an additional 87,589 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of CubeSmart by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 639,109 shares of the real estate investment trust’s stock worth $25,986,000 after acquiring an additional 32,697 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of CubeSmart by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,340,869 shares of the real estate investment trust’s stock worth $217,162,000 after acquiring an additional 91,694 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of CubeSmart by 9.0% during the 3rd quarter. American Century Companies Inc. now owns 723,754 shares of the real estate investment trust’s stock worth $29,428,000 after acquiring an additional 59,990 shares during the period. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CUBE. BNP Paribas Exane raised shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 target price for the company in a research report on Wednesday, March 18th. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company dropped their target price on shares of CubeSmart from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Scotiabank raised shares of CubeSmart to a “hold” rating in a research report on Thursday, March 19th. Finally, Barclays increased their target price on shares of CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.08.

CubeSmart Stock Down 0.2%

Shares of NYSE:CUBE opened at $38.30 on Monday. 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 52-week low of $35.09 and a 52-week high of $44.13. The company has a 50 day moving average of $38.73 and a two-hundred day moving average of $38.00. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 6.64 and a beta of 1.11.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The company had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. During the same quarter last year, the company earned $0.64 earnings per share. CubeSmart’s revenue for the quarter was up 3.3% on a year-over-year basis. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, analysts forecast that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.12 annualized dividend and a yield of 5.5%. CubeSmart’s dividend payout ratio (DPR) is 149.30%.

Insider Transactions at CubeSmart

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total value of $949,530.96. Following the completion of the sale, the insider owned 205,057 shares of the company’s stock, valued at $8,411,438.14. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.76% of the stock is owned by company insiders.

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.