Quantbot Technologies LP Takes $6.18 Million Position in CubeSmart $CUBE

Quantbot Technologies LP acquired a new position in CubeSmart (NYSE:CUBE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 155,299 shares of the real estate investment trust’s stock, valued at approximately $6,176,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Evolve Private Wealth LLC purchased a new stake in CubeSmart during the second quarter valued at approximately $538,000. EP Wealth Advisors LLC purchased a new position in shares of CubeSmart during the 2nd quarter worth $708,000. Ieq Capital LLC bought a new stake in shares of CubeSmart during the 2nd quarter valued at $9,966,000. Fund Advisors of America Inc FL bought a new stake in shares of CubeSmart during the 2nd quarter valued at $218,000. Finally, Allworth Financial LP bought a new stake in shares of CubeSmart during the 2nd quarter valued at $518,000. Hedge funds and other institutional investors own 97.61% of the company’s stock.

CubeSmart Price Performance

NYSE:CUBE opened at $40.95 on Friday. The business’s 50-day simple moving average is $41.11 and its two-hundred day simple moving average is $39.86. CubeSmart has a 52 week low of $35.09 and a 52 week high of $43.26. The stock 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 quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data 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). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The business had revenue of $286.49 million during the quarter, compared to the consensus estimate of $281.12 million. During the same period last year, the company earned $0.65 EPS. The business’s revenue was up 1.5% on a year-over-year basis. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. As a group, analysts forecast that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued 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 yield of 5.2%. CubeSmart’s payout ratio is currently 146.21%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company raised their target price on CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Royal Bank Of Canada reissued an “outperform” rating and set a $47.00 price target on shares of CubeSmart in a report on Tuesday, August 4th. Raymond James Financial started coverage on CubeSmart in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price target for the company. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Truist Financial lifted their price objective on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.50.

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.