Y Intercept Hong Kong Ltd Grows Position in CubeSmart $CUBE

Y Intercept Hong Kong Ltd grew its holdings in CubeSmart (NYSE:CUBE) by 65.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,173 shares of the real estate investment trust’s stock after buying an additional 54,919 shares during the period. Y Intercept Hong Kong Ltd’s holdings in CubeSmart were worth $5,101,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CUBE. Wiser Advisor Group LLC purchased a new stake in CubeSmart during the 3rd quarter valued at about $28,000. Geneos Wealth Management Inc. raised 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 acquiring an additional 568 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in CubeSmart in the 4th quarter worth approximately $43,000. SJS Investment Consulting Inc. acquired a new position in shares of CubeSmart during the 1st quarter worth approximately $42,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of CubeSmart by 101.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,208 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 608 shares during the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Trading Down 0.0%

Shares of NYSE CUBE opened at $40.98 on Friday. CubeSmart has a twelve month low of $35.09 and a twelve 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. The stock has a fifty day simple moving average of $40.23 and a 200-day simple moving average of $38.82. The stock has a market capitalization of $9.28 billion, a PE ratio of 28.86, a PEG ratio of 7.08 and a beta of 1.08.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The firm had revenue of $281.93 million for the quarter, compared to the consensus estimate of $275.25 million. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. 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 forecast that CubeSmart will post 2.58 earnings per share for the current year.

CubeSmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.53 per share. The ex-dividend date is Wednesday, July 1st. This represents a $2.12 dividend on an annualized basis and a yield of 5.2%. CubeSmart’s dividend payout ratio is 149.30%.

Analyst Upgrades and Downgrades

CUBE has been the subject of a number of analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $46.00 price target on shares of CubeSmart in a research report on Monday, May 4th. UBS Group boosted their price objective on CubeSmart from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Scotiabank upgraded CubeSmart to a “hold” rating in a report on Thursday, March 19th. BNP Paribas Exane upgraded CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 target price for the company in a report on Wednesday, March 18th. Finally, Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.00.

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.