165,660 Shares in CubeSmart $CUBE Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in CubeSmart (NYSE:CUBE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 165,660 shares of the real estate investment trust’s stock, valued at approximately $6,588,000. The Manufacturers Life Insurance Company owned about 0.07% of CubeSmart as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Ieq Capital LLC bought a new position in CubeSmart during the 2nd quarter worth $9,966,000. Legal & General Group Plc lifted its stake in CubeSmart by 16.3% in the fourth quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust’s stock valued at $49,808,000 after buying an additional 193,467 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in CubeSmart by 2,806.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 228,407 shares of the real estate investment trust’s stock valued at $8,234,000 after buying an additional 220,549 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in shares of CubeSmart by 3.0% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust’s stock valued at $38,947,000 after acquiring an additional 31,187 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of CubeSmart during the fourth quarter valued at $1,036,000. 97.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CUBE shares. KeyCorp reiterated a “sector weight” rating on shares of CubeSmart in a research report on Tuesday, August 4th. Truist Financial boosted their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Raymond James Financial started coverage on CubeSmart in a report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price objective for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $47.00 price target on shares of CubeSmart in a research report on Tuesday, August 4th. Finally, Barclays raised CubeSmart from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $45.00 to $46.00 in a report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.55.

CubeSmart Trading Up 0.0%

Shares of NYSE CUBE opened at $40.04 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. CubeSmart has a one year low of $35.09 and a one year high of $43.26. The business has a 50-day moving average price of $41.07 and a two-hundred day moving average price of $39.95. The firm has a market capitalization of $9.02 billion, a PE ratio of 27.61, a PEG ratio of 6.58 and a beta of 1.07.

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. As a group, analysts predict that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders 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 is Thursday, October 1st. CubeSmart’s payout ratio is currently 146.21%.

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.