245,652 Shares in CubeSmart $CUBE Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in CubeSmart (NYSE:CUBE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 245,652 shares of the real estate investment trust’s stock, valued at approximately $9,776,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of CubeSmart in the 2nd quarter worth approximately $1,349,164,000. Norges Bank bought a new stake in CubeSmart during the 4th quarter worth approximately $395,968,000. Canada Pension Plan Investment Board acquired a new stake in CubeSmart during the 2nd quarter valued at $288,512,000. Bank of New York Mellon Corp acquired a new stake in CubeSmart during the 2nd quarter valued at $74,199,000. Finally, Millennium Management LLC raised its position in CubeSmart by 201.5% in the 4th quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock valued at $98,763,000 after purchasing an additional 1,830,993 shares during the last quarter. 97.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CUBE has been the topic of several research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $47.00 price target on shares of CubeSmart in a research report on Tuesday, August 4th. Wells Fargo & Company boosted their target price on shares of CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Mizuho upped their target price on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. KeyCorp reissued a “sector weight” rating on shares of CubeSmart in a research note on Tuesday, August 4th. Finally, Truist Financial raised their price target on shares of CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.55.

CubeSmart Trading Up 0.0%

NYSE:CUBE opened at $40.04 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. CubeSmart has a 1-year low of $35.09 and a 1-year high of $43.26. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 6.58 and a beta of 1.07. The business’s 50-day moving average price is $41.07 and its two-hundred day moving average price is $39.95.

CubeSmart (NYSE:CUBE) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 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 firm had revenue of $286.49 million during the quarter, compared to the consensus estimate of $281.12 million. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. 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, equities analysts expect that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Dividend Announcement

The business 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 dividend of $0.53 per share. The ex-dividend date is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. CubeSmart’s dividend payout ratio is currently 146.21%.

About CubeSmart

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.