Corient Private Wealth LP Buys Shares of 130,610 CubeSmart $CUBE

Corient Private Wealth LP purchased a new position in CubeSmart (NYSE:CUBE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 130,610 shares of the real estate investment trust’s stock, valued at approximately $5,194,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Bamco Inc. NY purchased a new stake in shares of CubeSmart during the 2nd quarter valued at $9,299,000. Bank of America Corp DE bought a new stake in shares of CubeSmart during the 2nd quarter worth $46,074,000. Freestone Grove Partners LP purchased a new position in CubeSmart in the second quarter worth $348,000. Caisse de depot et placement du Quebec bought a new position in CubeSmart in the second quarter valued at $16,579,000. Finally, Man Group plc bought a new position in CubeSmart in the second quarter valued at $707,000. Institutional investors own 97.61% of the company’s stock.

CubeSmart Price Performance

CUBE stock opened at $39.73 on Tuesday. 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 52 week low of $35.09 and a 52 week high of $43.26. The firm’s fifty day moving average is $41.06 and its 200 day moving average is $39.96. The firm has a market cap of $8.95 billion, a P/E ratio of 27.40, a P/E/G ratio of 6.58 and a beta of 1.07.

CubeSmart (NYSE:CUBE) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). The business had revenue of $286.49 million during the quarter, compared to analysts’ expectations of $281.12 million. CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.CubeSmart’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. 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 predict that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s dividend payout ratio (DPR) is 146.21%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CUBE. Raymond James Financial started coverage on CubeSmart in a research report on Wednesday, July 15th. They set an “outperform” rating and a $44.00 price target on the stock. KeyCorp reiterated a “sector weight” rating on shares of CubeSmart in a report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Barclays raised CubeSmart from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $46.00 in a report on Friday, July 10th. Finally, Truist Financial boosted their target price on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.