Nordea Investment Management AB Has $18.09 Million Stock Holdings in CubeSmart $CUBE

Nordea Investment Management AB grew its holdings in CubeSmart (NYSE:CUBE) by 0.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 429,717 shares of the real estate investment trust’s stock after buying an additional 512 shares during the quarter. Nordea Investment Management AB’s holdings in CubeSmart were worth $18,091,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CUBE. Allworth Financial LP boosted 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 last quarter. Covestor Ltd boosted 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 last quarter. Signaturefd LLC boosted its holdings in CubeSmart by 82.8% in the second quarter. Signaturefd LLC now owns 1,680 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 761 shares during the last quarter. IFP Advisors Inc boosted its holdings in CubeSmart by 737.2% in the second quarter. IFP Advisors Inc now owns 1,532 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 1,349 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted 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 last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.

CubeSmart Price Performance

Shares of CUBE opened at $42.20 on Monday. 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 1 year low of $34.24 and a 1 year high of $50.69. The stock has a market cap of $9.62 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 9.37 and a beta of 0.96. The stock’s 50-day moving average price is $40.42 and its two-hundred day moving average price is $41.00.

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. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The firm had revenue of $282.30 million for the quarter, compared to analysts’ expectations of $275.71 million. During the same quarter last year, the business earned $0.64 earnings per share. The company’s 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. On average, equities analysts predict that CubeSmart will post 2.64 earnings per share for the current year.

CubeSmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Wednesday, October 1st. CubeSmart’s payout ratio is 126.83%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank Of Canada decreased their price target on CubeSmart from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. UBS Group decreased their price target on CubeSmart from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Citigroup decreased their price target on CubeSmart from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Monday, August 25th. BNP Paribas upgraded CubeSmart to a “hold” rating in a report on Tuesday, June 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.06.

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.