331,257 Shares in CubeSmart $CUBE Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in CubeSmart (NYSE:CUBE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 331,257 shares of the real estate investment trust’s stock, valued at approximately $13,174,000.

Several other institutional investors also recently bought and sold shares of CUBE. BlackRock Inc. purchased a new position in shares of CubeSmart during the 2nd quarter worth $1,349,164,000. Norges Bank purchased a new stake in shares of CubeSmart in the fourth quarter valued at $395,968,000. Canada Pension Plan Investment Board acquired a new position in CubeSmart in the second quarter valued at $288,512,000. Bank of New York Mellon Corp acquired a new position in CubeSmart in the second quarter valued at $74,199,000. Finally, Millennium Management LLC lifted its position in 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 buying an additional 1,830,993 shares during the period. 97.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Evercore set a $47.00 price target on CubeSmart in a research note on Monday, July 6th. UBS Group upped their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Barclays upgraded shares of CubeSmart from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $45.00 to $46.00 in a report on Friday, July 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $47.00 target price on shares of CubeSmart in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company boosted their target price on shares of CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.55.

CubeSmart Price Performance

CUBE stock opened at $40.04 on Monday. The stock has a 50-day moving average price of $41.07 and a two-hundred day moving average price of $39.95. CubeSmart has a 12-month low of $35.09 and a 12-month high of $43.26. 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 company has a market cap of $9.02 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 6.58 and a beta of 1.07.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.25). The firm had revenue of $286.49 million for the quarter, compared to analyst estimates of $281.12 million. CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. 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, research analysts predict that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s dividend payout ratio is 146.21%.

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.