Vestcor Inc Increases Stock Position in CubeSmart $CUBE

Vestcor Inc raised its stake in CubeSmart (NYSE:CUBE) by 90.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,288 shares of the real estate investment trust’s stock after buying an additional 49,646 shares during the period. Vestcor Inc’s holdings in CubeSmart were worth $3,760,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in CubeSmart in the fourth quarter valued at about $395,968,000. JPMorgan Chase & Co. increased its holdings in CubeSmart by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 5,340,869 shares of the real estate investment trust’s stock valued at $217,162,000 after buying an additional 91,694 shares in the last quarter. Geode Capital Management LLC increased its holdings in CubeSmart by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock valued at $169,975,000 after buying an additional 52,207 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in CubeSmart by 36.4% in the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock valued at $174,185,000 after buying an additional 1,143,464 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in CubeSmart by 3.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust’s stock valued at $125,084,000 after buying an additional 105,105 shares in the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Trading Up 1.1%

Shares of CUBE opened at $40.43 on Friday. 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 stock has a market capitalization of $9.15 billion, a P/E ratio of 28.47, a P/E/G ratio of 6.97 and a beta of 1.09. CubeSmart has a 1-year low of $35.09 and a 1-year high of $44.13. The business’s 50-day moving average price is $39.13 and its 200 day moving average price is $38.21.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Analysts expect that CubeSmart will post 2.58 earnings per share for the current year.

CubeSmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Wednesday, July 1st. CubeSmart’s dividend payout ratio is 149.30%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CUBE shares. UBS Group increased their target price on shares of CubeSmart from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Scotiabank raised shares of CubeSmart to a “hold” rating in a report on Thursday, March 19th. Barclays increased their target price on shares of CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, BNP Paribas Exane upgraded CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 target price on the stock in a report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.42.

CubeSmart Company 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.