Hsbc Holdings PLC Acquires 731,883 Shares of CubeSmart $CUBE

Hsbc Holdings PLC increased its holdings in CubeSmart (NYSE:CUBE) by 73.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,726,419 shares of the real estate investment trust’s stock after purchasing an additional 731,883 shares during the quarter. Hsbc Holdings PLC owned 0.76% of CubeSmart worth $62,260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CUBE. Wiser Advisor Group LLC bought a new position in shares of CubeSmart during the third quarter valued at about $28,000. Geneos Wealth Management Inc. lifted its stake in shares of CubeSmart by 174.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 568 shares during the last quarter. Huntington National Bank lifted its stake in shares of CubeSmart by 43.3% in the 3rd quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 295 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in CubeSmart during the 4th quarter valued at about $43,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in CubeSmart by 101.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,208 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 608 shares during the period. 97.61% of the stock is owned by institutional investors.

CubeSmart Price Performance

CUBE opened at $40.46 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market capitalization of $9.16 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 7.01 and a beta of 1.09. The stock’s 50 day moving average price is $40.00 and its 200-day moving average price is $38.56. CubeSmart has a 52-week low of $35.09 and a 52-week high of $43.63.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $281.93 million during the quarter, compared to analyst estimates of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. On average, equities research analysts predict that CubeSmart will post 2.58 EPS for the current year.

CubeSmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 of this dividend is Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is currently 149.30%.

Analyst Ratings Changes

Several research firms recently issued reports on CUBE. Truist Financial raised their price target on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Mizuho raised their target price on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. UBS Group upped their price target 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. Finally, Barclays boosted their price objective on shares of CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.00.

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.