Ieq Capital LLC Invests $9.97 Million in CubeSmart $CUBE

Ieq Capital LLC acquired a new stake in CubeSmart (NYSE:CUBE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 250,599 shares of the real estate investment trust’s stock, valued at approximately $9,966,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wiser Advisor Group LLC acquired a new position in CubeSmart during the 3rd quarter worth about $28,000. Essential Partners LLC grew its position 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 acquiring an additional 779 shares in the last quarter. Geneos Wealth Management Inc. grew its position 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 in the last quarter. SJS Investment Consulting Inc. purchased a new stake in CubeSmart during the first quarter worth about $42,000. Finally, Los Angeles Capital Management LLC purchased a new stake in CubeSmart during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. KeyCorp restated a “sector weight” rating on shares of CubeSmart in a report on Tuesday, August 4th. Truist Financial upped 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. Wells Fargo & Company increased their target price 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. Finally, Mizuho raised their price target 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. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CubeSmart has an average rating of “Hold” and an average price target of $43.50.

CubeSmart Stock Performance

Shares of CubeSmart stock opened at $40.95 on Friday. CubeSmart has a one year low of $35.09 and a one year high of $43.26. The company has a market cap of $9.22 billion, a PE ratio of 28.24, a P/E/G ratio of 6.73 and a beta of 1.07. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07. The business has a 50-day simple moving average of $41.11 and a 200-day simple moving average of $39.86.

CubeSmart (NYSE:CUBE) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share 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 return on equity of 12.35% and a net margin of 29.41%.The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter 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. On average, equities research analysts forecast that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Announces Dividend

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