CubeSmart $CUBE Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lowered its position in shares of CubeSmart (NYSE:CUBE) by 19.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,676 shares of the real estate investment trust’s stock after selling 8,601 shares during the quarter. IFM Investors Pty Ltd’s holdings in CubeSmart were worth $1,559,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of CubeSmart by 7.4% during the first quarter. Bessemer Group Inc. now owns 3,721 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 255 shares during the period. Covestor Ltd raised its holdings in shares of CubeSmart by 22.8% during the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 292 shares during the period. UniSuper Management Pty Ltd raised its holdings in shares of CubeSmart by 0.5% during the first quarter. UniSuper Management Pty Ltd now owns 63,200 shares of the real estate investment trust’s stock valued at $2,699,000 after acquiring an additional 300 shares during the period. Cerity Partners LLC raised its holdings in shares of CubeSmart by 6.2% during the first quarter. Cerity Partners LLC now owns 5,375 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 316 shares during the period. Finally, CWM LLC raised its holdings in shares of CubeSmart by 23.5% during the first quarter. CWM LLC now owns 1,950 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 371 shares during the period. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Price Performance

Shares of CUBE opened at $40.12 on Tuesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.18. The company’s fifty day simple moving average is $40.48 and its 200 day simple moving average is $41.18. CubeSmart has a 1-year low of $34.24 and a 1-year high of $54.67. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 8.95 and a beta of 0.94.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The firm had revenue of $282.30 million during the quarter, compared to analysts’ expectations of $275.71 million. During the same period in the previous year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. On average, research analysts forecast that CubeSmart will post 2.64 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, October 1st. CubeSmart’s payout ratio is 126.83%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Royal Bank Of Canada dropped their price objective on shares of CubeSmart from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Monday, August 4th. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Sunday. BMO Capital Markets upgraded shares of CubeSmart from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $48.00 to $49.00 in a research note on Friday, June 20th. Mizuho upped their price objective on shares of CubeSmart from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, May 28th. Finally, BNP Paribas Exane assumed coverage on shares of CubeSmart in a research report on Tuesday, June 24th. They issued a “neutral” rating and a $46.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.00.

CubeSmart Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.