VIRGINIA RETIREMENT SYSTEMS ET Al Decreases Holdings in CubeSmart $CUBE

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in shares of CubeSmart (NYSE:CUBE) by 11.9% in the 4th quarter, HoldingsChannel reports. The firm owned 137,500 shares of the real estate investment trust’s stock after selling 18,600 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in CubeSmart were worth $4,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Naples Global Advisors LLC increased its position in shares of CubeSmart by 14.7% during the 4th quarter. Naples Global Advisors LLC now owns 41,733 shares of the real estate investment trust’s stock valued at $1,504,000 after purchasing an additional 5,348 shares during the last quarter. Drucker Wealth 3.0 LLC increased its position in shares of CubeSmart by 11.0% during the 4th quarter. Drucker Wealth 3.0 LLC now owns 28,416 shares of the real estate investment trust’s stock valued at $1,024,000 after purchasing an additional 2,805 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of CubeSmart by 1.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 61,088 shares of the real estate investment trust’s stock valued at $2,202,000 after purchasing an additional 1,114 shares during the last quarter. RFG Advisory LLC purchased a new stake in shares of CubeSmart during the 4th quarter valued at $226,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of CubeSmart by 4.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 179,252 shares of the real estate investment trust’s stock valued at $6,346,000 after purchasing an additional 7,284 shares during the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Trading Down 0.7%

Shares of CUBE opened at $39.63 on Friday. The business has a 50-day moving average of $38.79 and a 200 day moving average of $38.02. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $44.13. The firm has a market cap of $8.97 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 6.91 and a beta of 1.11. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The company had revenue of $281.93 million during the quarter, compared to analyst estimates of $275.25 million. During the same quarter last year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, research analysts forecast that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Wednesday, April 1st. CubeSmart’s payout ratio is presently 149.30%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CUBE shares. Deutsche Bank Aktiengesellschaft lowered CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Tuesday, January 20th. Barclays raised their target price on CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Scotiabank raised CubeSmart to a “hold” rating in a report on Thursday, March 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $46.00 price objective on shares of CubeSmart in a report on Monday, May 4th. Finally, Wolfe Research lowered CubeSmart from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, CubeSmart currently has a consensus rating of “Hold” and a consensus price target of $43.08.

Insiders Place Their Bets

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of CubeSmart stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total transaction of $949,530.96. Following the completion of the transaction, the insider owned 205,057 shares of the company’s stock, valued at $8,411,438.14. The trade was a 10.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.76% of the stock is owned by insiders.

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.