CubeSmart $CUBE Stock Holdings Increased by Aberdeen Group plc

Aberdeen Group plc raised its holdings in shares of CubeSmart (NYSE:CUBE) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,540 shares of the real estate investment trust’s stock after acquiring an additional 3,618 shares during the period. Aberdeen Group plc’s holdings in CubeSmart were worth $3,184,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in CubeSmart by 115.2% during the 1st quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 501 shares in the last quarter. Covestor Ltd increased its position in shares of CubeSmart by 22.8% during the 1st quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 292 shares during the period. Farther Finance Advisors LLC increased its position in shares of CubeSmart by 446.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 1,468 shares during the period. UMB Bank n.a. increased its position in shares of CubeSmart by 103.5% during the 1st quarter. UMB Bank n.a. now owns 1,917 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 975 shares during the period. Finally, CWM LLC increased its position in shares of CubeSmart by 23.5% during the 1st quarter. CWM LLC now owns 1,950 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 371 shares during the period. Institutional investors own 97.61% of the company’s stock.

Wall Street Analyst Weigh In

CUBE has been the topic of several research analyst reports. BMO Capital Markets upgraded CubeSmart from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $48.00 to $49.00 in a research report on Friday, June 20th. Bank of America upgraded CubeSmart from a “neutral” rating to a “buy” rating and lifted their price target for the company from $44.00 to $50.00 in a research report on Tuesday, May 13th. Evercore ISI lowered their price target on CubeSmart from $48.00 to $47.00 and set an “in-line” rating on the stock in a research report on Monday, August 4th. BNP Paribas Exane initiated coverage on CubeSmart in a research report on Tuesday, June 24th. They set a “neutral” rating and a $46.00 price target on the stock. Finally, Royal Bank Of Canada decreased their target price on CubeSmart from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.93.

CubeSmart Stock Performance

Shares of NYSE CUBE opened at $39.9830 on Thursday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 8.90 and a beta of 0.94. The stock’s fifty day simple moving average is $41.38 and its 200 day simple moving average is $41.39. CubeSmart has a 52-week low of $34.24 and a 52-week high of $55.14.

CubeSmart (NYSE:CUBE) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $282.30 million for the quarter, compared to analysts’ expectations of $275.71 million. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. As a group, sell-side analysts forecast that CubeSmart will post 2.64 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart’s dividend payout ratio (DPR) is 126.83%.

CubeSmart Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.