CubeSmart $CUBE Position Boosted by Legal & General Group Plc

Legal & General Group Plc lifted its stake in shares of CubeSmart (NYSE:CUBE) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,381,625 shares of the real estate investment trust’s stock after purchasing an additional 193,467 shares during the period. Legal & General Group Plc’s holdings in CubeSmart were worth $49,808,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CUBE. Royal Bank of Canada raised its stake in 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 worth $7,429,000 after acquiring an additional 2,284 shares during the period. Jones Financial Companies Lllp raised its stake in 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 worth $303,000 after acquiring an additional 6,412 shares during the period. Goldman Sachs Group Inc. raised its stake in CubeSmart by 4.2% during 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 acquiring an additional 19,476 shares during the period. Caxton Associates LLP acquired a new stake in CubeSmart during the first quarter worth about $270,000. Finally, Cetera Investment Advisers raised its stake in CubeSmart by 1.6% during the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after acquiring an additional 265 shares during the period. Institutional investors and hedge funds own 97.61% of the company’s stock.

Insider Activity at CubeSmart

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total value of $949,530.96. Following the sale, the insider owned 205,057 shares in the company, valued at approximately $8,411,438.14. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

CUBE has been the topic of several research reports. Scotiabank upgraded shares of CubeSmart to a “hold” rating in a research note on Thursday, March 19th. Mizuho increased their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Barclays increased their price objective on shares of CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $46.00 price objective on shares of CubeSmart in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $43.33.

CubeSmart Price Performance

Shares of NYSE:CUBE opened at $40.01 on Friday. The firm’s 50 day moving average is $38.85 and its two-hundred day moving average is $38.11. CubeSmart has a 52 week low of $35.09 and a 52 week high of $44.13. The firm has a market capitalization of $9.06 billion, a P/E ratio of 28.17, a PEG ratio of 7.02 and a beta of 1.11. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29.

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, beating the consensus estimate of $0.34 by $0.02. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The company had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. During the same quarter last year, the business earned $0.64 earnings per share. CubeSmart’s revenue was up 3.3% compared to the same quarter last year. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Analysts anticipate that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $0.53 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.3%. CubeSmart’s dividend payout ratio (DPR) is presently 149.30%.

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.