Securian Asset Management Inc. Acquires 264 Shares of CubeSmart $CUBE

Securian Asset Management Inc. boosted its holdings in shares of CubeSmart (NYSE:CUBE) by 1.5% in the second quarter, Holdings Channel reports. The firm owned 17,360 shares of the real estate investment trust’s stock after purchasing an additional 264 shares during the quarter. Securian Asset Management Inc.’s holdings in CubeSmart were worth $738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in shares of 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. IFP Advisors Inc raised its stake in shares of 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. Covestor Ltd raised its stake in shares of 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 raised its stake in shares of 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. Finally, CWM LLC raised its stake in shares of 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 last quarter. Institutional investors own 97.61% of the company’s stock.

CubeSmart Stock Performance

CUBE stock opened at $42.03 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 company has a 50 day moving average price of $40.72 and a 200 day moving average price of $41.11. CubeSmart has a fifty-two week low of $34.24 and a fifty-two week high of $50.69. The stock has a market capitalization of $9.58 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 9.32 and a beta of 0.96.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share 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 quarter in the previous year, the company posted $0.64 EPS. CubeSmart’s revenue 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. Analysts forecast that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Announces Dividend

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

Wall Street Analyst Weigh In

CUBE has been the subject of a number of research analyst reports. Evercore ISI lifted their target price on shares of CubeSmart from $48.00 to $49.00 and gave the company an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of CubeSmart in a research note on Friday. Barclays cut their target price on shares of CubeSmart from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Royal Bank Of Canada dropped their price objective on shares of CubeSmart from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft set a $45.00 price objective on shares of CubeSmart and gave the stock a “buy” rating in a research report on Monday, October 13th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average 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.