Greenland Capital Management LP Acquires New Position in CubeSmart $CUBE

Greenland Capital Management LP acquired a new stake in CubeSmart (NYSE:CUBE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 40,000 shares of the real estate investment trust’s stock, valued at approximately $1,591,000.

A number of other institutional investors have also modified their holdings of CUBE. Wiser Advisor Group LLC bought a new stake in shares of CubeSmart during the third quarter valued at approximately $28,000. Essential Partners LLC grew its stake in CubeSmart by 594.7% in the first quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 779 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in CubeSmart by 174.8% in the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 568 shares in the last quarter. SJS Investment Consulting Inc. purchased a new position in CubeSmart during the 1st quarter worth $42,000. Finally, Los Angeles Capital Management LLC purchased a new position in CubeSmart during the 4th quarter worth $43,000. 97.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays upgraded CubeSmart from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $45.00 to $46.00 in a report on Friday, July 10th. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of CubeSmart in a research note on Tuesday, August 4th. Mizuho raised their target price on shares of CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Raymond James Financial initiated coverage on shares of CubeSmart in a report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $43.50.

CubeSmart Price Performance

CUBE opened at $40.95 on Friday. The firm has a market capitalization of $9.22 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 6.73 and a beta of 1.07. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07. The business’s 50-day moving average is $41.11 and its two-hundred day moving average is $39.86. CubeSmart has a 1 year low of $35.09 and a 1 year high of $43.26.

CubeSmart (NYSE:CUBE) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. Research analysts anticipate that CubeSmart will post 2.57 earnings per share for the current fiscal 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 dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Thursday, October 1st. CubeSmart’s payout ratio is 146.21%.

CubeSmart Company 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.