VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in CubeSmart $CUBE

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in CubeSmart (NYSE:CUBE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 55,606 shares of the real estate investment trust’s stock, valued at approximately $2,211,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wiser Advisor Group LLC bought a new stake in shares of CubeSmart in the 3rd quarter valued at about $28,000. Essential Partners LLC increased its holdings in CubeSmart by 594.7% during the first quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 779 shares during the period. Geneos Wealth Management Inc. increased its holdings in CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 568 shares during the period. SJS Investment Consulting Inc. bought a new position in CubeSmart in the first quarter worth approximately $42,000. Finally, Los Angeles Capital Management LLC bought a new position in CubeSmart in the fourth quarter worth approximately $43,000. 97.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on CUBE shares. Raymond James Financial assumed coverage on CubeSmart in a research report on Wednesday, July 15th. They set an “outperform” rating and a $44.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $47.00 price objective on shares of CubeSmart in a research note on Tuesday, August 4th. UBS Group raised their price objective on CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Truist Financial lifted their target price on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, Evercore set a $47.00 target price on shares of CubeSmart in a report on Monday, July 6th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.45.

CubeSmart Stock Performance

Shares of CUBE stock opened at $39.08 on Friday. The business’s fifty day simple moving average is $40.87 and its 200-day simple moving average is $39.98. The company has a market cap of $8.80 billion, a PE ratio of 26.95, a PEG ratio of 6.40 and a beta of 1.05. 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 12-month low of $35.09 and a 12-month high of $43.26.

CubeSmart (NYSE:CUBE) last posted 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 return on equity of 12.35% and a net margin of 29.41%.The business had revenue of $286.49 million during the quarter, compared to analyst estimates of $281.12 million. During the same period in the previous year, the business earned $0.65 EPS. The firm’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. Analysts expect that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

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 issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s dividend payout ratio (DPR) is currently 146.21%.

CubeSmart Company Profile

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.