GSA Capital Partners LLP Acquires Shares of 22,691 CubeSmart $CUBE

GSA Capital Partners LLP acquired a new position in shares of CubeSmart (NYSE:CUBE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 22,691 shares of the real estate investment trust’s stock, valued at approximately $902,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CUBE. Cetera Investment Advisers boosted its stake in shares of CubeSmart by 1.6% during the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after buying an additional 265 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of CubeSmart by 4.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,964 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 269 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of CubeSmart by 12.5% in the first quarter. Fifth Third Bancorp now owns 2,608 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 289 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of CubeSmart by 15.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,204 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 295 shares during the last quarter. Finally, Pacific Sun Financial Corp increased its stake in shares of CubeSmart by 6.6% in the third quarter. Pacific Sun Financial Corp now owns 5,022 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 310 shares during the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

CubeSmart Stock Down 0.2%

CubeSmart stock opened at $41.04 on Wednesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07. CubeSmart has a one year low of $35.09 and a one year high of $43.26. The company has a 50-day simple moving average of $41.14 and a 200-day simple moving average of $39.80. The firm has a market capitalization of $9.24 billion, a P/E ratio of 28.30, a P/E/G ratio of 6.82 and a beta of 1.07.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data 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). The firm had revenue of $286.49 million during the quarter, compared to the consensus estimate of $281.12 million. CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. As a group, equities analysts expect that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, October 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.2%. CubeSmart’s payout ratio is currently 146.21%.

Analyst Ratings Changes

CUBE has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Mizuho raised their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Evercore set a $47.00 target price on shares of CubeSmart in a research report on Monday, July 6th. UBS Group upped their target price on shares of CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.50.

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.