CubeSmart $CUBE Stake Raised by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. increased its holdings in CubeSmart (NYSE:CUBE) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,943,109 shares of the real estate investment trust’s stock after acquiring an additional 129,332 shares during the period. Diamond Hill Capital Management Inc.’s holdings in CubeSmart were worth $70,049,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its position in CubeSmart by 817.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 98,298 shares of the real estate investment trust’s stock worth $3,936,000 after purchasing an additional 87,589 shares during the last quarter. Retirement Systems of Alabama increased its position in CubeSmart by 5.4% in the 3rd quarter. Retirement Systems of Alabama now owns 639,109 shares of the real estate investment trust’s stock worth $25,986,000 after purchasing an additional 32,697 shares during the last quarter. JPMorgan Chase & Co. increased its position in CubeSmart by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,340,869 shares of the real estate investment trust’s stock worth $217,162,000 after purchasing an additional 91,694 shares during the last quarter. American Century Companies Inc. increased its position in CubeSmart by 9.0% in the 3rd quarter. American Century Companies Inc. now owns 723,754 shares of the real estate investment trust’s stock worth $29,428,000 after purchasing an additional 59,990 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in CubeSmart in the 3rd quarter worth about $8,171,000. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Stock Performance

Shares of NYSE CUBE opened at $40.17 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 6.86 and a beta of 1.11. The business’s 50-day simple moving average is $38.67 and its 200-day simple moving average is $38.00. CubeSmart has a 52 week low of $35.09 and a 52 week high of $44.13.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $281.93 million for the quarter, compared to analyst estimates of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, equities research analysts expect that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. CubeSmart’s dividend payout ratio is currently 149.30%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays upped their target price on CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. BNP Paribas Exane raised CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 target price on the stock in a research report on Wednesday, March 18th. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Scotiabank raised CubeSmart to a “hold” rating in a research report on Thursday, March 19th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $46.00 target price on shares of CubeSmart in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.00.

Insider Activity at CubeSmart

In other news, insider Jeffrey P. Foster sold 23,148 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total transaction of $949,530.96. Following the transaction, the insider owned 205,057 shares of the company’s stock, valued at approximately $8,411,438.14. This represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.76% of the company’s stock.

CubeSmart 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.