Magnetar Financial LLC Raises Position in CubeSmart $CUBE

Magnetar Financial LLC lifted its stake in shares of CubeSmart (NYSE:CUBE) by 55.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,751 shares of the real estate investment trust’s stock after purchasing an additional 53,180 shares during the period. Magnetar Financial LLC owned 0.07% of CubeSmart worth $5,399,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of CubeSmart during the 4th quarter worth approximately $395,968,000. JPMorgan Chase & Co. increased its stake in shares of CubeSmart by 1.7% during 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. Geode Capital Management LLC increased its stake in shares of CubeSmart by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock worth $169,975,000 after purchasing an additional 52,207 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in shares of CubeSmart by 36.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock worth $174,185,000 after purchasing an additional 1,143,464 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its stake in shares of CubeSmart by 3.1% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust’s stock worth $125,084,000 after purchasing an additional 105,105 shares during the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

CubeSmart Stock Down 0.3%

CUBE opened at $41.18 on Wednesday. The company has a 50 day moving average of $39.80 and a 200 day moving average of $38.47. The company has a market cap of $9.32 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 7.14 and a beta of 1.09. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.63. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The company had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. During the same period last year, the firm earned $0.64 EPS. CubeSmart’s revenue for the quarter was up 3.3% on a year-over-year basis. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. On average, sell-side analysts expect that CubeSmart will post 2.58 EPS for the current year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is presently 149.30%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays raised their price objective on shares of CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $46.00 price objective on shares of CubeSmart in a report on Monday, May 4th. BNP Paribas Exane raised shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective for the company in a report on Wednesday, March 18th. Wells Fargo & Company raised their price objective on shares of CubeSmart from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Finally, Scotiabank raised shares of CubeSmart to a “hold” rating in a report on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.42.

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.