Trillium Asset Management LLC Buys Shares of 74,495 CubeSmart $CUBE

Trillium Asset Management LLC bought a new position in shares of CubeSmart (NYSE:CUBE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 74,495 shares of the real estate investment trust’s stock, valued at approximately $2,963,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in CubeSmart during the 2nd quarter worth about $1,349,164,000. Norges Bank bought a new stake in shares of CubeSmart during the fourth quarter valued at about $395,968,000. Bank of New York Mellon Corp bought a new stake in shares of CubeSmart during the second quarter valued at about $74,199,000. Millennium Management LLC lifted its holdings in shares of CubeSmart by 201.5% in the fourth quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock worth $98,763,000 after buying an additional 1,830,993 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of CubeSmart in the second quarter worth about $68,552,000. 97.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on CUBE shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $47.00 price objective on shares of CubeSmart in a research note on Tuesday, August 4th. Truist Financial boosted their price target on shares of CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group upped their price target on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Wells Fargo & Company lifted their price objective on CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.50.

CubeSmart Stock Down 0.7%

CUBE stock opened at $41.19 on Friday. The company’s 50 day moving average is $41.12 and its 200 day moving average is $39.85. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 6.82 and a beta of 1.07. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. CubeSmart has a 1-year low of $35.09 and a 1-year high of $43.26.

CubeSmart (NYSE:CUBE) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.25). CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The company had revenue of $286.49 million for the quarter, compared to the consensus estimate of $281.12 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The company’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. Sell-side analysts predict that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s payout ratio is currently 146.21%.

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.