Aberdeen Group plc Increases Position in CubeSmart $CUBE

Aberdeen Group plc increased its stake in CubeSmart (NYSE:CUBE) by 29.9% in the 2nd quarter, Holdings Channel reports. The fund owned 96,840 shares of the real estate investment trust’s stock after buying an additional 22,300 shares during the quarter. Aberdeen Group plc’s holdings in CubeSmart were worth $4,116,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. boosted its position in CubeSmart by 28.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,664,210 shares of the real estate investment trust’s stock valued at $370,049,000 after buying an additional 1,937,055 shares during the period. Price T Rowe Associates Inc. MD boosted its position in CubeSmart by 8.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,834,955 shares of the real estate investment trust’s stock valued at $291,922,000 after buying an additional 543,158 shares during the period. JPMorgan Chase & Co. boosted its position in CubeSmart by 29.3% during the first quarter. JPMorgan Chase & Co. now owns 5,561,206 shares of the real estate investment trust’s stock valued at $237,519,000 after buying an additional 1,261,746 shares during the period. Allspring Global Investments Holdings LLC boosted its position in CubeSmart by 1.5% during 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 buying an additional 72,513 shares during the period. Finally, Northern Trust Corp boosted its position in CubeSmart by 4.3% during the first quarter. Northern Trust Corp now owns 3,920,931 shares of the real estate investment trust’s stock valued at $167,463,000 after buying an additional 162,068 shares during the period. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

CubeSmart Stock Performance

Shares of NYSE:CUBE opened at $41.89 on Friday. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 9.14 and a beta of 0.96. The company has a 50-day moving average price of $40.35 and a 200-day moving average price of $41.00. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.18. CubeSmart has a 12 month low of $34.24 and a 12 month high of $50.69.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data 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 net margin of 35.44% and a return on equity of 13.12%. The business had revenue of $282.30 million during the quarter, compared to analyst estimates of $275.71 million. During the same period last year, the business posted $0.64 earnings per share. CubeSmart’s quarterly revenue was up 6.0% compared to the same quarter last year. 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 analysts anticipate that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were issued a $0.52 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $2.08 annualized dividend and a yield of 5.0%. CubeSmart’s dividend payout ratio (DPR) is 126.83%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CUBE shares. Evercore ISI upped their price target on shares of CubeSmart from $48.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. BNP Paribas Exane started coverage on shares of CubeSmart in a research report on Tuesday, June 24th. They set a “neutral” rating and a $46.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $45.00 price target on shares of CubeSmart and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada lowered their price objective on shares of CubeSmart from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, August 4th. Finally, BMO Capital Markets raised shares of CubeSmart from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $48.00 to $49.00 in a research note on Friday, June 20th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, CubeSmart currently has a consensus rating of “Hold” and a consensus price target 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.