245,652 Shares in CubeSmart $CUBE Purchased by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in CubeSmart (NYSE:CUBE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 245,652 shares of the real estate investment trust’s stock, valued at approximately $9,776,000. Jupiter Topco LLC owned 0.11% of CubeSmart as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in CubeSmart in the 2nd quarter worth about $1,349,164,000. Norges Bank bought a new stake in shares of CubeSmart during the fourth quarter valued at approximately $395,968,000. Canada Pension Plan Investment Board bought a new stake in shares of CubeSmart during the second quarter valued at approximately $288,512,000. Geode Capital Management LLC boosted its position in shares of CubeSmart by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock worth $169,975,000 after buying an additional 52,207 shares during the period. Finally, Alyeska Investment Group L.P. boosted its position 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 buying an additional 1,143,464 shares during the period. 97.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Raymond James Financial began coverage on shares of CubeSmart in a research note on Wednesday, July 15th. They set an “outperform” rating and a $44.00 price objective on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $47.00 target price on shares of CubeSmart in a research report on Tuesday, August 4th. UBS Group increased their price target on CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Finally, Evercore set a $47.00 price objective on CubeSmart in a research note on Monday, July 6th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.55.

CubeSmart Price Performance

CUBE opened at $40.04 on Monday. The firm has a market capitalization of $9.02 billion, a P/E ratio of 27.61, a PEG ratio of 6.58 and a beta of 1.07. The stock has a fifty day moving average of $41.07 and a 200-day moving average of $39.95. 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 has a 12-month low of $35.09 and a 12-month high of $43.26.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) 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 company had revenue of $286.49 million during the quarter, compared to analysts’ expectations of $281.12 million. During the same period last year, the company 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. Equities analysts forecast that CubeSmart will post 2.57 EPS 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 issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s dividend payout ratio 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.