Mitsubishi UFJ Asset Management Co. Ltd. Invests $7.72 Million in CubeSmart $CUBE

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CubeSmart (NYSE:CUBE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 194,149 shares of the real estate investment trust’s stock, valued at approximately $7,721,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of CubeSmart as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of CUBE. Cadence Bank purchased a new position in CubeSmart in the 4th quarter worth approximately $4,043,000. Legal & General Group Plc grew its holdings in CubeSmart by 16.3% during the 4th quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust’s stock valued at $49,808,000 after buying an additional 193,467 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in CubeSmart by 2,806.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 228,407 shares of the real estate investment trust’s stock valued at $8,234,000 after buying an additional 220,549 shares in the last quarter. Lasalle Investment Management Securities LLC raised its position in shares of CubeSmart by 3.0% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust’s stock valued at $38,947,000 after buying an additional 31,187 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of CubeSmart during the fourth quarter valued at approximately $1,036,000. Hedge funds and other institutional investors own 97.61% of the company’s stock.

CubeSmart Trading Down 0.6%

CUBE opened at $40.95 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 6.78 and a beta of 1.07. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.26. The stock has a fifty day moving average price of $41.11 and a 200-day moving average price of $39.86.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The company had revenue of $286.49 million for the quarter, compared to the consensus estimate of $281.12 million. During the same period in the previous year, the business earned $0.65 EPS. CubeSmart’s revenue for the quarter was up 1.5% compared to the same quarter last year. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. As a group, equities research analysts anticipate that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 dividend yield of 5.2%. The ex-dividend date is Thursday, October 1st. CubeSmart’s dividend payout ratio (DPR) is currently 146.21%.

Analyst Upgrades and Downgrades

CUBE has been the topic of several research reports. Truist Financial lifted their target price on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. KeyCorp reissued a “sector weight” rating on shares of CubeSmart in a research note on Tuesday, August 4th. Mizuho raised their price target on CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Barclays raised CubeSmart from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $46.00 in a research note on Friday, July 10th. Finally, Evercore set a $47.00 price objective on CubeSmart in a report on Monday, July 6th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, CubeSmart currently has an average rating of “Hold” and an average target price of $43.50.

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.