Sequoia Financial Advisors LLC Buys 17,406 Shares of CubeSmart $CUBE

Sequoia Financial Advisors LLC lifted its stake in shares of CubeSmart (NYSE:CUBE) by 28.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,494 shares of the real estate investment trust’s stock after buying an additional 17,406 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in CubeSmart were worth $2,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in CubeSmart during the 4th quarter valued at approximately $395,968,000. Geode Capital Management LLC lifted its stake in shares of CubeSmart by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock valued at $169,975,000 after purchasing an additional 52,207 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of CubeSmart by 36.4% in the 3rd 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 during the period. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of 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. grew its stake in CubeSmart by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,412,567 shares of the real estate investment trust’s stock worth $123,023,000 after purchasing an additional 171,539 shares during the period. 97.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CUBE. UBS Group increased their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday. Truist Financial boosted their target price on shares of CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company increased their price target on shares of CubeSmart from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, BNP Paribas Exane raised shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price target for the company in a research report on Wednesday, March 18th. Five research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.18.

CubeSmart Stock Up 0.0%

CUBE stock opened at $40.63 on Wednesday. CubeSmart has a twelve month low of $35.09 and a twelve month high of $42.64. 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 $9.20 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 7.01 and a beta of 1.08. The business has a 50 day moving average of $40.33 and a 200 day moving average of $39.06.

CubeSmart (NYSE:CUBE) last released its earnings results 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 return on equity of 11.84% and a net margin of 28.93%.The business had revenue of $281.93 million for the quarter, compared to the consensus estimate of $275.25 million. During the same period in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter 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, research analysts forecast that CubeSmart will post 2.58 EPS for the current fiscal year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.53 dividend. 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 payout ratio is presently 149.30%.

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.