Two Sigma Securities LLC Invests $637,000 in CubeSmart $CUBE

Two Sigma Securities LLC purchased a new stake in shares of CubeSmart (NYSE:CUBE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,028 shares of the real estate investment trust’s stock, valued at approximately $637,000.

Several other large investors have also recently bought and sold shares of the business. Ieq Capital LLC acquired a new position in CubeSmart in the 2nd quarter valued at approximately $9,966,000. Legal & General Group Plc increased its position in CubeSmart by 16.3% during the fourth quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust’s stock worth $49,808,000 after buying an additional 193,467 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of CubeSmart by 2,806.7% in the 4th 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 acquiring an additional 220,549 shares in the last quarter. Lasalle Investment Management Securities LLC raised its position in shares of CubeSmart by 3.0% in 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 purchasing an additional 31,187 shares during the period. Finally, M&T Bank Corp acquired a new position in CubeSmart during the 4th quarter worth $1,036,000. 97.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on CUBE shares. Barclays raised CubeSmart from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Evercore set a $47.00 price target on shares of CubeSmart in a research report on Monday, July 6th. UBS Group increased their price objective on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Truist Financial raised their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, Wells Fargo & Company raised their target price on CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.55.

CubeSmart Trading Down 0.1%

Shares of CUBE opened at $39.69 on Wednesday. The stock’s fifty day simple moving average is $41.03 and its 200-day simple moving average is $39.97. The firm has a market capitalization of $8.94 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 6.53 and a beta of 1.05. CubeSmart has a 12-month low of $35.09 and a 12-month high of $43.26. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings data 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 firm had revenue of $286.49 million during the quarter, compared to analyst estimates 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 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, research analysts predict that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

The firm also recently declared 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 5.3%. CubeSmart’s payout ratio is currently 146.21%.

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.