PharVision Advisers LLC Grows Stake in CubeSmart $CUBE

PharVision Advisers LLC grew its holdings in CubeSmart (NYSE:CUBE) by 67.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,233 shares of the real estate investment trust’s stock after acquiring an additional 4,139 shares during the quarter. CubeSmart comprises 0.6% of PharVision Advisers LLC’s investment portfolio, making the stock its 23rd biggest holding. PharVision Advisers LLC’s holdings in CubeSmart were worth $437,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of CubeSmart by 115.2% in 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 during the last quarter. Covestor Ltd increased its holdings in shares of CubeSmart by 22.8% in the 1st quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 292 shares during the last quarter. Farther Finance Advisors LLC grew its stake in 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 worth $76,000 after buying an additional 1,468 shares during the last quarter. UMB Bank n.a. grew its stake in 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 worth $82,000 after buying an additional 975 shares during the last quarter. Finally, CWM LLC grew its stake in CubeSmart by 23.5% during the 1st quarter. CWM LLC now owns 1,950 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Analyst Upgrades and Downgrades

CUBE has been the topic of a number of research reports. Royal Bank Of Canada dropped their price target on CubeSmart from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Monday, August 4th. BNP Paribas upgraded CubeSmart to a “hold” rating in a research note on Tuesday, June 24th. Mizuho increased their price objective on CubeSmart from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Truist Financial increased their price objective on CubeSmart from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Finally, BMO Capital Markets raised CubeSmart from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $48.00 to $49.00 in a research report on Friday, June 20th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $46.69.

CubeSmart Stock Up 1.7%

CUBE opened at $41.69 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06. The business has a 50 day simple moving average of $40.88 and a 200-day simple moving average of $41.29. The stock has a market capitalization of $9.51 billion, a P/E ratio of 25.42, a P/E/G ratio of 9.12 and a beta of 0.94. CubeSmart has a 12 month low of $34.24 and a 12 month high of $55.14.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $282.30 million during 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% compared to the same quarter last year. During the same period last year, the firm earned $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. On average, equities analysts anticipate that CubeSmart will post 2.64 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.08 annualized dividend and a yield of 5.0%. CubeSmart’s payout ratio is currently 126.83%.

About CubeSmart

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.