17,788 Shares in CubeSmart $CUBE Purchased by Man Group plc

Man Group plc acquired a new stake in CubeSmart (NYSE:CUBE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 17,788 shares of the real estate investment trust’s stock, valued at approximately $707,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CUBE. Ieq Capital LLC acquired a new position in shares of CubeSmart in the 2nd quarter worth approximately $9,966,000. Legal & General Group Plc raised its position in shares of 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 acquiring an additional 193,467 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in CubeSmart by 2,806.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 228,407 shares of the real estate investment trust’s stock worth $8,234,000 after purchasing an additional 220,549 shares during the last quarter. Lasalle Investment Management Securities LLC lifted its stake in 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 worth $38,947,000 after purchasing an additional 31,187 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in CubeSmart in the fourth quarter worth $1,036,000. Institutional investors and hedge funds own 97.61% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CUBE shares. UBS Group boosted their target price 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. Wells Fargo & Company lifted their price target 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. Raymond James Financial began coverage on shares of CubeSmart in a research report on Wednesday, July 15th. They set an “outperform” rating and a $44.00 price objective for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $47.00 price objective on shares of CubeSmart in a research note on Tuesday, August 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $43.45.

CubeSmart Trading Up 0.6%

CubeSmart stock opened at $39.70 on Friday. The firm has a 50-day moving average price of $40.99 and a two-hundred day moving average price of $39.98. CubeSmart has a 52-week low of $35.09 and a 52-week high of $43.26. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 6.49 and a beta of 1.05. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34.

CubeSmart (NYSE:CUBE) last released its quarterly earnings results 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). The business had revenue of $286.49 million for the quarter, compared to the consensus estimate of $281.12 million. CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. Sell-side analysts expect that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Dividend Announcement

The firm 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 dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s dividend payout ratio (DPR) 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.