Caisse de depot et placement du Quebec Makes New Investment in CubeSmart $CUBE

Caisse de depot et placement du Quebec acquired a new stake in CubeSmart (NYSE:CUBE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 416,877 shares of the real estate investment trust’s stock, valued at approximately $16,579,000. Caisse de depot et placement du Quebec owned 0.19% of CubeSmart at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new position in CubeSmart during the second quarter valued at about $1,349,164,000. Norges Bank purchased a new position in CubeSmart in the fourth quarter valued at about $395,968,000. Canada Pension Plan Investment Board bought a new position in shares of CubeSmart during the 2nd quarter valued at approximately $288,512,000. Geode Capital Management LLC increased its stake in shares of CubeSmart by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock worth $169,975,000 after purchasing an additional 52,207 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its stake in shares of CubeSmart by 36.4% during the 3rd 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 purchasing an additional 1,143,464 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors.

CubeSmart Stock Up 0.2%

Shares of NYSE CUBE opened at $40.04 on Friday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. The company has a market cap of $9.02 billion, a P/E ratio of 27.61, a P/E/G ratio of 6.58 and a beta of 1.07. CubeSmart has a 52 week low of $35.09 and a 52 week high of $43.26. The business has a 50-day simple moving average of $41.07 and a two-hundred day simple moving average of $39.94.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.25). CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The company had revenue of $286.49 million for the quarter, compared to the consensus estimate of $281.12 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. The company’s quarterly 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. Research analysts anticipate that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a $0.53 dividend. The ex-dividend date is Thursday, October 1st. This represents a $2.12 annualized dividend and a yield of 5.3%. CubeSmart’s dividend payout ratio is currently 146.21%.

Analysts Set New Price Targets

Several research firms recently commented on CUBE. Royal Bank Of Canada reiterated an “outperform” rating and issued a $47.00 price objective on shares of CubeSmart in a research note on Tuesday, August 4th. 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 research report on Friday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, July 15th. Evercore set a $47.00 price target on CubeSmart in a research report on Monday, July 6th. Finally, UBS Group increased their price target on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $43.55.

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.