EP Wealth Advisors LLC Purchases Shares of 17,802 CubeSmart $CUBE

EP Wealth Advisors LLC acquired a new position in shares of CubeSmart (NYSE:CUBE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,802 shares of the real estate investment trust’s stock, valued at approximately $708,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CUBE. BlackRock Inc. acquired a new stake in shares of CubeSmart in the 2nd quarter valued at $1,349,164,000. Norges Bank bought a new stake in shares of CubeSmart in the 4th quarter worth about $395,968,000. Bank of New York Mellon Corp acquired a new stake in shares of CubeSmart during the 2nd quarter worth about $74,199,000. Millennium Management LLC increased its position in shares of CubeSmart by 201.5% during the 4th quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock worth $98,763,000 after purchasing an additional 1,830,993 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in CubeSmart during the 2nd quarter valued at about $68,552,000. 97.61% of the stock is owned by institutional investors.

CubeSmart Stock Performance

CubeSmart stock opened at $40.90 on Tuesday. The stock has a 50-day simple moving average of $41.10 and a 200 day simple moving average of $39.90. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. CubeSmart has a 12-month low of $35.09 and a 12-month high of $43.26. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 6.73 and a beta of 1.07.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.25). The company had revenue of $286.49 million for the quarter, compared to analyst estimates of $281.12 million. CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. On average, research analysts anticipate that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s dividend payout ratio is 146.21%.

Analysts Set New Price Targets

CUBE has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $47.00 price objective on shares of CubeSmart in a report on Tuesday, August 4th. Wells Fargo & Company lifted their target price on shares of CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Truist Financial boosted their target price on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.55.

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.