Public Employees Retirement System of Ohio Sells 53,027 Shares of CubeSmart $CUBE

Public Employees Retirement System of Ohio reduced its holdings in shares of CubeSmart (NYSE:CUBE) by 13.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 334,548 shares of the real estate investment trust’s stock after selling 53,027 shares during the period. Public Employees Retirement System of Ohio’s holdings in CubeSmart were worth $12,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in CubeSmart in the fourth quarter valued at about $395,968,000. Geode Capital Management LLC lifted its stake in CubeSmart by 1.1% during the fourth 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 period. Alyeska Investment Group L.P. boosted its holdings in CubeSmart by 36.4% during the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock valued at $174,185,000 after purchasing an additional 1,143,464 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in CubeSmart by 3.1% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust’s stock valued at $125,084,000 after purchasing an additional 105,105 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in CubeSmart by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,412,567 shares of the real estate investment trust’s stock valued at $123,023,000 after purchasing an additional 171,539 shares in the last quarter. Institutional investors own 97.61% of the company’s stock.

CubeSmart Price Performance

NYSE:CUBE opened at $42.09 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29. The firm has a market cap of $9.53 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 7.28 and a beta of 1.08. CubeSmart has a 12 month low of $35.09 and a 12 month high of $42.90. The company’s 50-day moving average price is $40.55 and its two-hundred day moving average price is $39.37.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share 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 analyst estimates of $275.25 million. During the same quarter last year, the business posted $0.64 earnings per share. The company’s revenue 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, equities analysts anticipate that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is currently 149.30%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CUBE shares. Truist Financial increased 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. Mizuho boosted their price target on CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Raymond James Financial began coverage on CubeSmart in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company increased their price objective on CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.42.

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.