Y Intercept Hong Kong Ltd Grows Position in CubeSmart $CUBE

Y Intercept Hong Kong Ltd raised its holdings in shares of CubeSmart (NYSE:CUBE) by 65.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 139,173 shares of the real estate investment trust’s stock after purchasing an additional 54,919 shares during the period. Y Intercept Hong Kong Ltd owned 0.06% of CubeSmart worth $5,101,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CUBE. IFM Investors Pty Ltd lifted its position in shares of CubeSmart by 1.0% in the 1st quarter. IFM Investors Pty Ltd now owns 37,241 shares of the real estate investment trust’s stock worth $1,365,000 after purchasing an additional 352 shares during the period. SJS Investment Consulting Inc. purchased a new position in CubeSmart during the first quarter valued at approximately $42,000. Drucker Wealth 3.0 LLC increased its holdings in CubeSmart by 4.4% during the first quarter. Drucker Wealth 3.0 LLC now owns 29,658 shares of the real estate investment trust’s stock valued at $1,087,000 after buying an additional 1,242 shares during the period. Louisiana State Employees Retirement System bought a new position in CubeSmart in the first quarter worth approximately $2,423,000. Finally, Vanderbilt University raised its stake in CubeSmart by 48.8% in the first quarter. Vanderbilt University now owns 22,913 shares of the real estate investment trust’s stock worth $840,000 after buying an additional 7,514 shares in the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

CubeSmart Price Performance

Shares of CUBE opened at $40.98 on Friday. The business’s 50-day moving average is $40.23 and its two-hundred day moving average is $38.82. The company has a market capitalization of $9.28 billion, a P/E ratio of 28.86, a P/E/G ratio of 7.08 and a beta of 1.08. 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 released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $275.25 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that CubeSmart will post 2.58 earnings per share for the current year.

CubeSmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is presently 149.30%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $46.00 target price on shares of CubeSmart in a research report on Monday, May 4th. Truist Financial upped their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Scotiabank raised CubeSmart to a “hold” rating in a research report on Thursday, March 19th. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Wells Fargo & Company lifted their target price on CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and ten 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 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.