Geode Capital Management LLC Boosts Stake in CubeSmart $CUBE

Geode Capital Management LLC raised its position in shares of CubeSmart (NYSE:CUBE) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,714,128 shares of the real estate investment trust’s stock after acquiring an additional 52,207 shares during the period. Geode Capital Management LLC’s holdings in CubeSmart were worth $169,975,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in CubeSmart by 1.6% during the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after acquiring an additional 265 shares during the period. Crossmark Global Holdings Inc. grew its position in CubeSmart by 1.8% during the third quarter. Crossmark Global Holdings Inc. now owns 16,357 shares of the real estate investment trust’s stock valued at $665,000 after acquiring an additional 282 shares during the period. Huntington National Bank grew its position in CubeSmart by 43.3% during the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 295 shares during the period. Pacific Sun Financial Corp grew its position in CubeSmart by 6.6% during the third quarter. Pacific Sun Financial Corp now owns 5,022 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 310 shares during the period. Finally, Fifth Third Bancorp grew its position in CubeSmart by 16.9% during the fourth quarter. Fifth Third Bancorp now owns 2,319 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 335 shares during the period. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CUBE. Wells Fargo & Company boosted their price target on CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $46.00 target price on shares of CubeSmart in a research report on Monday, May 4th. Mizuho upped their target price on CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Barclays upped their target price on CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.42.

CubeSmart Price Performance

Shares of NYSE CUBE opened at $39.12 on Thursday. CubeSmart has a 1-year low of $35.09 and a 1-year high of $44.13. The business has a 50-day moving average of $38.97 and a 200-day moving average of $38.17. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 6.81 and a beta of 1.09.

CubeSmart (NYSE:CUBE) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The company had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. 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, equities analysts anticipate that CubeSmart will post 2.58 EPS for the current fiscal year.

CubeSmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.53 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.4%. CubeSmart’s payout ratio is 149.30%.

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.