Northwestern Mutual Wealth Management Co. Acquires 220,549 Shares of CubeSmart $CUBE

Northwestern Mutual Wealth Management Co. raised its position in CubeSmart (NYSE:CUBE) by 2,806.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,407 shares of the real estate investment trust’s stock after purchasing an additional 220,549 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in CubeSmart were worth $8,234,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CUBE. Wiser Advisor Group LLC bought a new stake in shares of CubeSmart during the 3rd quarter worth $28,000. Geneos Wealth Management Inc. boosted its holdings in shares of CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 568 shares during the period. Huntington National Bank grew its position in shares of CubeSmart by 43.3% in the 3rd quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 295 shares during the last quarter. Avalon Trust Co purchased a new position in CubeSmart during the 3rd quarter valued at $51,000. Finally, Syntax Research Inc. bought a new stake in shares of CubeSmart during the 3rd quarter valued at about $71,000. 97.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $46.00 target price on shares of CubeSmart in a research report on Monday, May 4th. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Wells Fargo & Company dropped their target price on shares of CubeSmart from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Wolfe Research cut shares of CubeSmart from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. Finally, Scotiabank raised shares of CubeSmart to a “hold” rating in a report on Thursday, March 19th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.00.

CubeSmart Price Performance

Shares of NYSE:CUBE opened at $40.09 on Friday. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $44.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a fifty day moving average price of $38.70 and a 200 day moving average price of $38.01. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 6.95 and a beta of 1.11.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $281.93 million during the quarter, compared to analyst estimates of $275.25 million. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. CubeSmart’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 earnings per share. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, sell-side analysts expect that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is currently 149.30%.

Insider Buying and Selling

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total transaction of $949,530.96. Following the transaction, the insider owned 205,057 shares of the company’s stock, valued at approximately $8,411,438.14. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.76% of the company’s stock.

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.