OVERSEA CHINESE BANKING Corp Ltd Invests $991,000 in CubeSmart $CUBE

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in CubeSmart (NYSE:CUBE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,915 shares of the real estate investment trust’s stock, valued at approximately $991,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wiser Advisor Group LLC bought a new stake in CubeSmart during the third quarter worth $28,000. Essential Partners LLC grew its stake in CubeSmart by 594.7% in the 1st quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 779 shares during the period. Geneos Wealth Management Inc. increased its position in shares of CubeSmart by 174.8% during 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 last quarter. SJS Investment Consulting Inc. purchased a new stake in shares of CubeSmart during the 1st quarter valued at $42,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of CubeSmart during the 4th quarter worth $43,000. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Stock Performance

NYSE:CUBE opened at $40.95 on Friday. The company has a market capitalization of $9.22 billion, a P/E ratio of 28.24, a P/E/G ratio of 6.78 and a beta of 1.07. The business has a fifty day simple moving average of $41.11 and a two-hundred day simple moving average of $39.86. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07. CubeSmart has a 1 year low of $35.09 and a 1 year high of $43.26.

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

CubeSmart Dividend Announcement

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

Analyst Upgrades and Downgrades

CUBE has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, July 15th. KeyCorp restated a “sector weight” rating on shares of CubeSmart in a report on Tuesday, August 4th. Truist Financial lifted their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Raymond James Financial assumed coverage on shares of CubeSmart in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 target price on the stock. Finally, Wells Fargo & Company increased their target price on shares of CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.50.

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.