Diamond Hill Capital Management LLC Investment Advisor Makes New $68.55 Million Investment in CubeSmart $CUBE

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in CubeSmart (NYSE:CUBE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,723,722 shares of the real estate investment trust’s stock, valued at approximately $68,552,000.

A number of other hedge funds have also modified their holdings of CUBE. Wiser Advisor Group LLC acquired a new position in shares of CubeSmart during the 3rd quarter worth approximately $28,000. Geneos Wealth Management Inc. lifted its stake in CubeSmart by 174.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 568 shares in the last quarter. Essential Partners LLC grew its holdings in CubeSmart by 594.7% during the 1st quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 779 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in CubeSmart during the 4th quarter valued at $43,000. Finally, SJS Investment Consulting Inc. purchased a new position in CubeSmart during the first quarter worth $42,000. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Trading Up 0.1%

Shares of CUBE opened at $41.54 on Monday. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $43.26. The company has a market capitalization of $9.35 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 6.82 and a beta of 1.07. The stock has a fifty day moving average of $41.13 and a two-hundred day moving average of $39.74. 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 (NYSE:CUBE) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.25). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The business had revenue of $286.49 million for the quarter, compared to analyst estimates of $281.12 million. During the same quarter last year, the business earned $0.65 EPS. 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 forecast that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 yield of 5.1%. CubeSmart’s dividend payout ratio is 146.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CUBE shares. Evercore set a $47.00 price target on CubeSmart in a report on Monday, July 6th. Barclays raised CubeSmart from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $45.00 to $46.00 in a research note on Friday, July 10th. Wells Fargo & Company boosted their target price on shares of CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Raymond James Financial began coverage on shares of CubeSmart in a report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 target price on the stock. Finally, UBS Group raised their price target on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and nine have issued 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 $43.50.

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.