Strs Ohio lessened its position in shares of CubeSmart (NYSE:CUBE – Free Report) by 21.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,522 shares of the real estate investment trust’s stock after selling 123,090 shares during the quarter. Strs Ohio owned about 0.20% of CubeSmart worth $16,277,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Horizon Investments LLC purchased a new position in CubeSmart during the 4th quarter valued at approximately $146,000. Davis Selected Advisers purchased a new position in CubeSmart during the 4th quarter valued at approximately $3,278,000. Fifth Third Bancorp grew its holdings in CubeSmart by 16.9% during the 4th quarter. Fifth Third Bancorp now owns 2,319 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 335 shares in the last quarter. Mutual Advisors LLC grew its holdings in CubeSmart by 52.1% during the 4th quarter. Mutual Advisors LLC now owns 11,415 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 3,908 shares in the last quarter. Finally, New York State Teachers Retirement System grew its holdings in CubeSmart by 12.1% during the 4th quarter. New York State Teachers Retirement System now owns 169,105 shares of the real estate investment trust’s stock valued at $6,096,000 after buying an additional 18,308 shares in the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.
Insider Activity
In related news, insider Jeffrey P. Foster sold 23,148 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total transaction of $949,530.96. Following the completion of the sale, the insider directly owned 205,057 shares of the company’s stock, valued at approximately $8,411,438.14. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.76% of the company’s stock.
CubeSmart Price Performance
CubeSmart (NYSE:CUBE – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The firm had revenue of $281.93 million during the quarter, compared to analyst estimates of $275.25 million. During the same period last year, the company earned $0.64 EPS. CubeSmart’s quarterly revenue was up 3.3% compared to the same quarter last year. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Equities analysts expect that CubeSmart will post 2.57 EPS for the current year.
CubeSmart Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Wednesday, April 1st. CubeSmart’s dividend payout ratio (DPR) is currently 149.30%.
Wall Street Analyst Weigh In
Several research firms have weighed in on CUBE. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday. BNP Paribas Exane upgraded CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Wednesday, March 18th. Wolfe Research cut CubeSmart from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft cut CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a report on Tuesday, January 20th. Finally, Scotiabank upgraded CubeSmart to a “hold” rating in a report on Thursday, March 19th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $43.57.
Check Out Our Latest Report on CUBE
CubeSmart News Summary
Here are the key news stories impacting CubeSmart this week:
- Positive Sentiment: Beat near-term estimates: Q1 EPS of $0.36 topped consensus ~$0.34 and revenue of $281.9M exceeded estimates; FFO/share of $0.63 slightly beat the Zacks consensus of $0.62. CubeSmart Reports First Quarter 2026 Results CubeSmart Surpasses Q1 FFO and Revenue Estimates
- Neutral Sentiment: Management commentary (earnings call) provided color on operations and the outlook; the transcript is available for detail on occupancy, pricing and capital deployment decisions that drove the guidance. CubeSmart Q1 2026 Earnings Call Transcript
- Negative Sentiment: Cautious forward guidance: Q2 2026 EPS guided to $0.620–$0.640 (consensus ~0.640) and FY2026 EPS to $2.520–$2.600 (street ~2.57). The guidance range and a slight year-over-year decline in FFO/EPS raise near‑term growth concerns. CubeSmart Earnings & Guidance Summary
- Negative Sentiment: Analysts are reworking valuations and price targets after the mixed print and guidance; coverage notes emphasize slower FFO growth and the need to monitor operating trends. How The CubeSmart Story Is Shifting As Analysts Rework Valuation Targets
- Negative Sentiment: Net income and some per‑share metrics are down year‑over‑year (FFO $0.63 vs $0.64 a year ago), underscoring the company’s slower growth trajectory despite the quarter’s beats. CubeSmart Posts Lower Q1 Earnings, Provides 2026 Outlook
About CubeSmart
CubeSmart (NYSE: CUBE) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company’s portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart’s facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.
In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.
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