Lightrock Netherlands B.V. Sells 4,000 Shares of CubeSmart $CUBE

Lightrock Netherlands B.V. lowered its position in shares of CubeSmart (NYSE:CUBE) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,076 shares of the real estate investment trust’s stock after selling 4,000 shares during the period. CubeSmart accounts for about 1.9% of Lightrock Netherlands B.V.’s holdings, making the stock its 25th biggest position. Lightrock Netherlands B.V. owned 0.09% of CubeSmart worth $8,291,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP grew its stake in CubeSmart by 115.2% during 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 in the last quarter. Covestor Ltd grew its stake in CubeSmart by 22.8% during 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 in the last quarter. Signaturefd LLC grew its stake in CubeSmart by 82.8% during 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 in the last quarter. IFP Advisors Inc grew its stake in CubeSmart by 737.2% during 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 in the last quarter. Finally, CWM LLC grew its stake in CubeSmart by 23.5% during 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 in the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

CubeSmart Price Performance

Shares of CubeSmart stock opened at $41.31 on Wednesday. CubeSmart has a 52-week low of $34.24 and a 52-week high of $50.69. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 9.27 and a beta of 0.96. The company has a fifty day moving average of $40.80 and a 200-day moving average of $41.22. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.06 and a current ratio of 0.06.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results 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 business had revenue of $282.30 million during the quarter, compared to the consensus estimate of $275.71 million. During the same period in the previous year, the firm 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. Equities research analysts expect that CubeSmart will post 2.64 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on CUBE shares. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Sunday, September 21st. Evercore ISI boosted their price target on shares of CubeSmart from $48.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Barclays cut their price target 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. Citigroup cut their price target on shares of CubeSmart from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, August 25th. Finally, Deutsche Bank Aktiengesellschaft set a $45.00 price target on shares of CubeSmart and gave the stock a “buy” rating in a research note on Monday, October 13th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.06.

CubeSmart Company 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.