Signaturefd LLC Grows Position in CubeSmart $CUBE

Signaturefd LLC lifted its holdings in shares of CubeSmart (NYSE:CUBE) by 82.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,680 shares of the real estate investment trust’s stock after purchasing an additional 761 shares during the quarter. Signaturefd LLC’s holdings in CubeSmart were worth $71,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CUBE. T. Rowe Price Investment Management Inc. lifted its position in CubeSmart by 28.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,664,210 shares of the real estate investment trust’s stock valued at $370,049,000 after purchasing an additional 1,937,055 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of CubeSmart by 8.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,834,955 shares of the real estate investment trust’s stock valued at $291,922,000 after buying an additional 543,158 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of CubeSmart by 29.3% during the 1st quarter. JPMorgan Chase & Co. now owns 5,561,206 shares of the real estate investment trust’s stock worth $237,519,000 after acquiring an additional 1,261,746 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in CubeSmart by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,065,101 shares of the real estate investment trust’s stock worth $212,886,000 after acquiring an additional 72,513 shares in the last quarter. Finally, Northern Trust Corp grew its position in CubeSmart by 4.3% in the first quarter. Northern Trust Corp now owns 3,920,931 shares of the real estate investment trust’s stock worth $167,463,000 after acquiring an additional 162,068 shares in the last quarter. 97.61% of the stock is currently owned by institutional investors.

CubeSmart Price Performance

CUBE stock opened at $40.70 on Monday. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 9.06 and a beta of 0.96. The firm’s 50-day moving average price is $40.30 and its two-hundred day moving average price is $41.08. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.18. CubeSmart has a 12-month low of $34.24 and a 12-month high of $51.85.

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

CubeSmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.08 annualized dividend and a dividend yield of 5.1%. CubeSmart’s payout ratio is 126.83%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CUBE. Citigroup lowered their price target on CubeSmart from $45.00 to $43.00 and set a “neutral” rating on the stock in a research report on Monday, August 25th. Barclays decreased their price objective on CubeSmart from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research note on Sunday, September 21st. UBS Group reduced their price target 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. Finally, BNP Paribas Exane began coverage on shares of CubeSmart in a report on Tuesday, June 24th. They issued a “neutral” rating and a $46.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $46.06.

About CubeSmart

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.