CubeSmart $CUBE Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its position in shares of CubeSmart (NYSE:CUBE) by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 980,989 shares of the real estate investment trust’s stock after selling 22,195 shares during the period. Boston Trust Walden Corp’s holdings in CubeSmart were worth $35,953,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of CubeSmart in the 4th quarter valued at about $395,968,000. Geode Capital Management LLC lifted its stake in CubeSmart by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock valued at $169,975,000 after buying an additional 52,207 shares during the last quarter. Alyeska Investment Group L.P. raised its position in CubeSmart by 36.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock valued at $174,185,000 after purchasing an additional 1,143,464 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of CubeSmart by 3.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust’s stock valued at $125,084,000 after buying an additional 105,105 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of CubeSmart by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,412,567 shares of the real estate investment trust’s stock worth $123,023,000 after buying an additional 171,539 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Trading Down 0.0%

Shares of CUBE opened at $40.98 on Friday. The company has a market capitalization of $9.28 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 7.08 and a beta of 1.08. The stock has a fifty day moving average of $40.23 and a two-hundred day moving average of $38.82. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $43.63. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04.

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

CubeSmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 149.30%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CUBE shares. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. BNP Paribas Exane upgraded shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Wednesday, March 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $46.00 price target on shares of CubeSmart in a report on Monday, May 4th. Wells Fargo & Company raised their price target on CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, Scotiabank upgraded CubeSmart to a “hold” rating in a research note on Thursday, March 19th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, CubeSmart presently has a consensus rating of “Hold” and a consensus target price of $43.00.

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.