CubeSmart $CUBE Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. decreased its position in shares of CubeSmart (NYSE:CUBE) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,044 shares of the real estate investment trust’s stock after selling 3,966 shares during the quarter. 1834 Investment Advisors Co.’s holdings in CubeSmart were worth $2,977,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in CubeSmart by 115.2% in the first 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 period. Covestor Ltd lifted its holdings in CubeSmart by 22.8% in the first 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 period. Farther Finance Advisors LLC lifted its holdings in CubeSmart by 446.2% in the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 1,468 shares during the period. UMB Bank n.a. lifted its holdings in CubeSmart by 103.5% in the first quarter. UMB Bank n.a. now owns 1,917 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 975 shares during the period. Finally, CWM LLC lifted its holdings in CubeSmart by 23.5% in the first quarter. CWM LLC now owns 1,950 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 371 shares during the period. 97.61% of the stock is owned by institutional investors and hedge funds.

CubeSmart Stock Up 2.0%

CubeSmart stock opened at $40.51 on Friday. The stock has a market capitalization of $9.24 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 8.84 and a beta of 0.94. CubeSmart has a 12 month low of $34.24 and a 12 month high of $53.92. The business has a 50 day simple moving average of $40.39 and a 200-day simple moving average of $41.13. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06.

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

CubeSmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Wednesday, October 1st. CubeSmart’s payout ratio is presently 126.83%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CUBE. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a report on Sunday, September 21st. BNP Paribas Exane assumed coverage on CubeSmart in a report on Tuesday, June 24th. They issued a “neutral” rating and a $46.00 price target for the company. Royal Bank Of Canada cut their price objective on CubeSmart from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Monday, August 4th. Barclays cut their price objective on CubeSmart from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Finally, Citigroup cut their price objective on CubeSmart from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday, August 25th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.00.

CubeSmart 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.