Sequoia Financial Advisors LLC Boosts Stock Holdings in CubeSmart $CUBE

Sequoia Financial Advisors LLC lifted its position in shares of CubeSmart (NYSE:CUBE) by 28.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,494 shares of the real estate investment trust’s stock after acquiring an additional 17,406 shares during the period. Sequoia Financial Advisors LLC’s holdings in CubeSmart were worth $2,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC bought a new stake in shares of CubeSmart in the 3rd quarter worth $28,000. Geneos Wealth Management Inc. lifted its holdings in shares of CubeSmart by 174.8% during the second 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 in the last quarter. SJS Investment Consulting Inc. purchased a new stake in shares of CubeSmart during the first quarter valued at $42,000. Los Angeles Capital Management LLC purchased a new stake in shares of CubeSmart during the fourth quarter valued at $43,000. Finally, Global Retirement Partners LLC increased its holdings in CubeSmart by 95.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,213 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 591 shares in the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

CubeSmart Trading Up 0.0%

CubeSmart stock opened at $40.63 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29. The company has a market cap of $9.20 billion, a P/E ratio of 28.61, a P/E/G ratio of 7.01 and a beta of 1.08. The business has a 50-day simple moving average of $40.33 and a two-hundred day simple moving average of $39.06. CubeSmart has a 52-week low of $35.09 and a 52-week high of $42.64.

CubeSmart (NYSE:CUBE) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The company had revenue of $281.93 million during the quarter, compared to analyst estimates of $275.25 million. During the same period in the previous year, the business posted $0.64 earnings per share. The firm’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. Analysts predict that CubeSmart will post 2.58 EPS for the current year.

CubeSmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.2%. CubeSmart’s payout ratio is presently 149.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Evercore set a $47.00 target price on shares of CubeSmart in a research note on Monday, July 6th. Scotiabank upgraded shares of CubeSmart to a “hold” rating in a research note on Thursday, March 19th. BNP Paribas Exane upgraded 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. Truist Financial boosted their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, UBS Group raised their target price on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CubeSmart presently has a consensus rating of “Hold” and a consensus price target of $43.18.

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.