Cullen Frost Bankers Inc. Has $1.43 Million Holdings in CubeSmart $CUBE

Cullen Frost Bankers Inc. lessened its position in shares of CubeSmart (NYSE:CUBE) by 62.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 39,678 shares of the real estate investment trust’s stock after selling 66,064 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in CubeSmart were worth $1,430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its position in CubeSmart by 1.6% during the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after purchasing an additional 265 shares during the period. Crossmark Global Holdings Inc. increased its position in CubeSmart by 1.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,357 shares of the real estate investment trust’s stock valued at $665,000 after purchasing an additional 282 shares during the period. Huntington National Bank increased its position in CubeSmart by 43.3% during the 3rd quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 295 shares during the period. Pacific Sun Financial Corp increased its position in CubeSmart by 6.6% during the 3rd quarter. Pacific Sun Financial Corp now owns 5,022 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 310 shares during the period. Finally, Fifth Third Bancorp increased its position in CubeSmart by 16.9% during the 4th quarter. Fifth Third Bancorp now owns 2,319 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 335 shares during the period. Institutional investors and hedge funds own 97.61% of the company’s stock.

Insider Activity

In related news, insider Jeffrey P. Foster sold 23,148 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total value of $949,530.96. Following the transaction, the insider directly owned 205,057 shares in the company, valued at $8,411,438.14. This trade represents a 10.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.76% of the stock is currently owned by corporate insiders.

CubeSmart Price Performance

CubeSmart stock opened at $40.17 on Friday. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 6.86 and a beta of 1.11. CubeSmart has a 52-week low of $35.09 and a 52-week high of $44.13. The stock’s 50 day moving average price is $38.67 and its two-hundred day moving average price is $38.00. 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 posted 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. The firm had revenue of $281.93 million for the quarter, compared to analysts’ expectations of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS. 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 analysts predict that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Dividend Announcement

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 issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is currently 149.30%.

Wall Street Analyst Weigh In

CUBE has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $46.00 target price on shares of CubeSmart in a research report on Monday, May 4th. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Wolfe Research cut CubeSmart from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. UBS Group increased their price target on CubeSmart from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday. Finally, BNP Paribas Exane upgraded CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price target on the stock in a report on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.00.

CubeSmart 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.