M&T Bank Corp Invests $1.04 Million in CubeSmart $CUBE

M&T Bank Corp bought a new stake in shares of CubeSmart (NYSE:CUBE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,756 shares of the real estate investment trust’s stock, valued at approximately $1,036,000.

Several other large investors have also recently modified their holdings of CUBE. Wiser Advisor Group LLC bought a new position in shares of CubeSmart during the 3rd quarter valued at approximately $28,000. Geneos Wealth Management Inc. increased its position in shares of CubeSmart by 174.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 568 shares during the last quarter. Huntington National Bank increased its position in shares of CubeSmart by 43.3% during the 3rd quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 295 shares during the last quarter. Avalon Trust Co bought a new position in shares of CubeSmart during the 3rd quarter valued at approximately $51,000. Finally, Syntax Research Inc. bought a new position in shares of CubeSmart during the 3rd quarter valued at approximately $71,000. Institutional investors own 97.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft cut shares of CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research note on Tuesday, January 20th. BNP Paribas Exane raised shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price target for the company in a research note on Wednesday, March 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $46.00 price target on shares of CubeSmart in a research note on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, CubeSmart has an average rating of “Hold” and an average price target of $43.57.

CubeSmart Price Performance

CUBE stock opened at $40.46 on Monday. CubeSmart has a 12 month low of $35.09 and a 12 month high of $44.13. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average price of $38.84 and a 200 day moving average price of $38.09. The stock has a market cap of $9.16 billion, a PE ratio of 28.49, a P/E/G ratio of 7.01 and a beta of 1.11.

CubeSmart (NYSE:CUBE) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The firm had revenue of $281.93 million during the quarter, compared to analysts’ expectations of $275.25 million. During the same period in the previous year, the company earned $0.64 EPS. The firm’s revenue for the quarter 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 research analysts anticipate that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Wednesday, April 1st. CubeSmart’s payout ratio is 149.30%.

Insider Transactions at CubeSmart

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total value of $949,530.96. Following the completion of the sale, the insider directly owned 205,057 shares of the company’s stock, valued at $8,411,438.14. The trade was a 10.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.76% of the stock is currently owned by company insiders.

CubeSmart Profile

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.