Mitsubishi UFJ Asset Management Co. Ltd. Invests $7.72 Million in CubeSmart $CUBE

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CubeSmart (NYSE:CUBE) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 194,149 shares of the real estate investment trust’s stock, valued at approximately $7,721,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in CubeSmart during the 4th quarter valued at about $395,968,000. Bank of New York Mellon Corp purchased a new stake in CubeSmart in the second quarter valued at about $74,199,000. Millennium Management LLC boosted its holdings in CubeSmart by 201.5% in the fourth quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock worth $98,763,000 after acquiring an additional 1,830,993 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in CubeSmart in the second quarter worth about $68,552,000. Finally, Alyeska Investment Group L.P. grew its stake in shares of 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 worth $174,185,000 after acquiring an additional 1,143,464 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

Analyst Upgrades and Downgrades

CUBE has been the topic of several recent analyst reports. KeyCorp restated a “sector weight” rating on shares of CubeSmart in a report on Tuesday, August 4th. Truist Financial lifted their target price on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Raymond James Financial started coverage on shares of CubeSmart in a research note on Wednesday, July 15th. They set an “outperform” rating and a $44.00 price target on the stock. UBS Group upped their price target on shares of CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Finally, Wells Fargo & Company raised their price target on shares of CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.50.

CubeSmart Trading Down 0.6%

CubeSmart stock opened at $40.95 on Friday. The firm has a market cap of $9.22 billion, a PE ratio of 28.24, a P/E/G ratio of 6.78 and a beta of 1.07. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.26. The stock’s 50 day simple moving average is $41.11 and its two-hundred day simple moving average is $39.86. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34.

CubeSmart (NYSE:CUBE) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.25). CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The firm had revenue of $286.49 million for the quarter, compared to analysts’ expectations of $281.12 million. During the same period last year, the firm earned $0.65 earnings per share. CubeSmart’s revenue for the quarter was up 1.5% compared to the same quarter last year. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. Analysts anticipate that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 5.2%. The ex-dividend date is Thursday, October 1st. CubeSmart’s dividend payout ratio (DPR) is currently 146.21%.

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.