CubeSmart $CUBE Stock Position Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in CubeSmart (NYSE:CUBE) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 508,977 shares of the real estate investment trust’s stock after buying an additional 18,475 shares during the quarter. Principal Financial Group Inc.’s holdings in CubeSmart were worth $18,654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of 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 worth $49,808,000 after acquiring an additional 193,467 shares during the last quarter. Cadence Bank acquired a new stake in CubeSmart during the fourth quarter valued at $4,043,000. Lasalle Investment Management Securities LLC grew its stake in 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew 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 purchasing an additional 220,549 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in CubeSmart in the 3rd quarter worth about $8,171,000. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CUBE shares. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Evercore set a $47.00 price target on CubeSmart in a research note on Monday, July 6th. Wells Fargo & Company increased their price objective on CubeSmart from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Truist Financial raised their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Finally, Barclays upgraded shares of CubeSmart from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $45.00 to $46.00 in a research note on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.25.

CubeSmart Trading Up 0.5%

CubeSmart stock opened at $41.13 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 7.08 and a beta of 1.08. CubeSmart has a one year low of $35.09 and a one year high of $42.90. The company’s fifty day moving average price is $40.44 and its two-hundred day moving average price is $39.28.

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

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is presently 149.30%.

CubeSmart 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.