Trillium Asset Management LLC Takes Position in CubeSmart $CUBE

Trillium Asset Management LLC acquired a new stake in shares of CubeSmart (NYSE:CUBE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 74,495 shares of the real estate investment trust’s stock, valued at approximately $2,963,000.

A number of other hedge funds also recently bought and sold shares of CUBE. BlackRock Inc. purchased a new stake in CubeSmart in the second quarter worth approximately $1,349,164,000. Norges Bank bought a new position in CubeSmart during the fourth quarter valued at approximately $395,968,000. Bank of New York Mellon Corp purchased a new position in shares of CubeSmart during the second quarter worth approximately $74,199,000. Millennium Management LLC raised its stake in shares of CubeSmart by 201.5% during the fourth quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock worth $98,763,000 after acquiring an additional 1,830,993 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of CubeSmart in the 2nd quarter worth approximately $68,552,000. Institutional investors own 97.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CUBE. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of CubeSmart in a research note on Tuesday, August 4th. Barclays upgraded shares of CubeSmart from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Mizuho boosted their price target on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. KeyCorp restated a “sector weight” rating on shares of CubeSmart in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company raised their price objective on CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, CubeSmart presently has an average rating of “Hold” and a consensus price target of $43.50.

CubeSmart Stock Performance

NYSE:CUBE opened at $41.19 on Friday. The firm has a market cap of $9.27 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 6.82 and a beta of 1.07. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $43.26. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07. The business has a 50 day moving average price of $41.12 and a 200-day moving average price of $39.85.

CubeSmart (NYSE:CUBE) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $281.12 million. During the same quarter in the prior year, the business posted $0.65 EPS. The firm’s revenue for the quarter 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. Equities research analysts predict 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 Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s dividend payout ratio (DPR) is 146.21%.

CubeSmart Company 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.