Ballentine Partners LLC Acquires Shares of 5,572 CubeSmart $CUBE

Ballentine Partners LLC purchased a new position in CubeSmart (NYSE:CUBE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,572 shares of the real estate investment trust’s stock, valued at approximately $237,000.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its position in shares of CubeSmart by 115.2% in the first quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 501 shares in the last quarter. Covestor Ltd lifted its position in shares of CubeSmart by 22.8% in the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 292 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of CubeSmart by 446.2% in the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 1,468 shares in the last quarter. UMB Bank n.a. lifted its position in shares of CubeSmart by 103.5% in the first quarter. UMB Bank n.a. now owns 1,917 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 975 shares in the last quarter. Finally, CWM LLC lifted its position in shares of CubeSmart by 23.5% in the first quarter. CWM LLC now owns 1,950 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 371 shares in the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

CubeSmart Trading Down 0.0%

NYSE:CUBE opened at $40.50 on Tuesday. CubeSmart has a 12 month low of $34.24 and a 12 month high of $53.92. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 9.02 and a beta of 0.94. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.18. The company’s 50 day moving average is $40.39 and its 200-day moving average is $41.12.

CubeSmart (NYSE:CUBE) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (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 business had revenue of $282.30 million for the quarter, compared to analyst estimates of $275.71 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. CubeSmart’s revenue 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. Equities analysts anticipate that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, October 1st. CubeSmart’s dividend payout ratio (DPR) is currently 126.83%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CUBE shares. Evercore ISI raised shares of CubeSmart from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $47.00 to $48.00 in a research report on Monday, September 15th. UBS Group cut their price objective on shares of CubeSmart from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. Royal Bank Of Canada cut their price objective on shares of CubeSmart from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Monday, August 4th. BMO Capital Markets raised shares of CubeSmart from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $48.00 to $49.00 in a research report on Friday, June 20th. Finally, Citigroup cut their price objective on shares of CubeSmart from $45.00 to $43.00 and set a “neutral” rating on the stock in a research report on Monday, August 25th. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, CubeSmart has a consensus rating of “Hold” and an average price target of $46.00.

CubeSmart 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.