CubeSmart $CUBE Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its holdings in CubeSmart (NYSE:CUBE) by 43.4% during the second quarter, HoldingsChannel reports. The fund owned 98,606 shares of the real estate investment trust’s stock after purchasing an additional 29,860 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in CubeSmart were worth $4,191,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its position in shares of CubeSmart by 19.9% during the 1st quarter. HighTower Advisors LLC now owns 37,160 shares of the real estate investment trust’s stock worth $1,587,000 after buying an additional 6,179 shares during the last quarter. MetLife Investment Management LLC raised its stake in CubeSmart by 63.7% during the 1st quarter. MetLife Investment Management LLC now owns 219,496 shares of the real estate investment trust’s stock worth $9,375,000 after acquiring an additional 85,414 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in CubeSmart by 140.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 808,440 shares of the real estate investment trust’s stock valued at $34,528,000 after acquiring an additional 472,596 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in CubeSmart in the first quarter valued at $821,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in CubeSmart by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,065,101 shares of the real estate investment trust’s stock valued at $212,886,000 after acquiring an additional 72,513 shares in the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

CubeSmart Stock Up 1.2%

Shares of NYSE:CUBE opened at $40.70 on Monday. CubeSmart has a fifty-two week low of $34.24 and a fifty-two week high of $51.85. 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 firm’s 50-day simple moving average is $40.30 and its 200-day simple moving average is $41.08. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 9.06 and a beta of 0.96.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. 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 prior year, the company posted $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. As a group, equities research analysts predict that CubeSmart will post 2.64 earnings per share for the current year.

CubeSmart Dividend Announcement

The firm 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. This represents a $2.08 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart’s dividend payout ratio is currently 126.83%.

Analysts Set New Price Targets

CUBE has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a research report on Saturday, September 27th. Royal Bank Of Canada cut their target price on shares of CubeSmart from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Sunday, September 21st. BMO Capital Markets raised shares of CubeSmart from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $48.00 to $49.00 in a research report on Friday, June 20th. Finally, BNP Paribas Exane began coverage on shares of CubeSmart in a report on Tuesday, June 24th. They issued a “neutral” rating and a $46.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, CubeSmart currently has an average rating of “Hold” and an average target price of $46.06.

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.