Magnetar Financial LLC Purchases 53,180 Shares of CubeSmart $CUBE

Magnetar Financial LLC raised its position in CubeSmart (NYSE:CUBE) by 55.1% in the 4th quarter, Holdings Channel reports. The firm owned 149,751 shares of the real estate investment trust’s stock after buying an additional 53,180 shares during the quarter. Magnetar Financial LLC’s holdings in CubeSmart were worth $5,399,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CUBE. Wiser Advisor Group LLC bought a new position in CubeSmart in the 3rd quarter valued at $28,000. Geneos Wealth Management Inc. boosted its holdings in CubeSmart by 174.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 568 shares during the period. Huntington National Bank raised its position in shares of CubeSmart by 43.3% during the 3rd quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 295 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of CubeSmart during the 4th quarter valued at $43,000. Finally, Global Retirement Partners LLC raised its position in shares of CubeSmart by 95.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,213 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 591 shares in the last quarter. 97.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CUBE has been the topic of several research reports. Wells Fargo & Company raised their price objective on shares of CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. BNP Paribas Exane upgraded shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research report on Wednesday, March 18th. UBS Group raised their price objective on shares of CubeSmart from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $46.00 price objective on shares of CubeSmart in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.42.

CubeSmart Stock Performance

CubeSmart stock opened at $41.18 on Wednesday. The firm’s fifty day moving average price is $39.80 and its 200-day moving average price is $38.47. 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 stock has a market cap of $9.32 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 7.14 and a beta of 1.09. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $43.63.

CubeSmart (NYSE:CUBE) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $281.93 million for the quarter, compared to analysts’ expectations of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, equities research analysts expect that CubeSmart will post 2.58 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

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

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.