19,311 Shares in CubeSmart $CUBE Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in CubeSmart (NYSE:CUBE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,311 shares of the real estate investment trust’s stock, valued at approximately $768,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of CubeSmart by 1.3% during the first quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust’s stock valued at $7,429,000 after purchasing an additional 2,284 shares during the period. Jones Financial Companies Lllp raised its stake 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 valued at $303,000 after purchasing an additional 6,412 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in CubeSmart by 4.2% in 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 during the period. Caxton Associates LLP bought a new position in CubeSmart in the 1st quarter valued at about $270,000. Finally, Cetera Investment Advisers grew its position in CubeSmart by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after buying an additional 265 shares in the last quarter. Institutional investors own 97.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial raised their target price on shares of CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, July 15th. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group raised their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Finally, Mizuho boosted their target price on CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, CubeSmart presently has a consensus rating of “Hold” and a consensus price target of $43.55.

CubeSmart Trading Up 0.2%

Shares of CUBE stock opened at $40.04 on Friday. The stock has a 50-day simple moving average of $41.07 and a 200 day simple moving average of $39.94. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $43.26. The stock has a market capitalization 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. 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 (NYSE:CUBE) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The firm had revenue of $286.49 million for the quarter, compared to analyst estimates of $281.12 million. During the same period in the previous year, the firm earned $0.65 earnings per share. CubeSmart’s revenue 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, sell-side analysts expect that CubeSmart will post 2.57 earnings per share 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. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.3%. CubeSmart’s 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.