Caisse de depot et placement du Quebec Acquires New Stake in CubeSmart $CUBE

Caisse de depot et placement du Quebec bought a new position in shares of CubeSmart (NYSE:CUBE) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 416,877 shares of the real estate investment trust’s stock, valued at approximately $16,579,000.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of CubeSmart by 1.3% in the 1st quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust’s stock valued at $7,429,000 after acquiring an additional 2,284 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of CubeSmart by 944.3% during the first quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 6,412 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of CubeSmart by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust’s stock worth $20,684,000 after purchasing an additional 19,476 shares in the last quarter. Caxton Associates LLP bought a new position in shares of CubeSmart in the first quarter worth approximately $270,000. Finally, Cetera Investment Advisers increased its position in shares of CubeSmart by 1.6% in the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after purchasing an additional 265 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial increased their price target on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. KeyCorp reaffirmed a “sector weight” rating on shares of CubeSmart in a report on Tuesday, August 4th. UBS Group upped their target price on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Evercore set a $47.00 price objective on CubeSmart in a research note on Monday, July 6th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $47.00 target price on shares of CubeSmart in a report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.55.

CubeSmart Trading Up 0.2%

NYSE CUBE opened at $40.04 on Friday. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.26. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. The stock’s fifty day moving average price is $41.07 and its 200-day moving average price is $39.94. The stock has a market cap of $9.02 billion, a P/E ratio of 27.61, a P/E/G ratio of 6.58 and a beta of 1.07.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data 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). CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The business had revenue of $286.49 million during the quarter, compared to the consensus estimate of $281.12 million. During the same period last year, the company posted $0.65 earnings per share. The business’s revenue was up 1.5% compared to the same quarter last year. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. As a group, equities analysts forecast that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Thursday, October 1st. CubeSmart’s dividend payout ratio is 146.21%.

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.