Wealth Enhancement Advisory Services LLC Sells 2,485 Shares of CubeSmart $CUBE

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of CubeSmart (NYSE:CUBE) by 18.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,709 shares of the real estate investment trust’s stock after selling 2,485 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CubeSmart were worth $464,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in CUBE. GAMMA Investing LLC boosted its holdings in shares of CubeSmart by 4,739.3% during the first quarter. GAMMA Investing LLC now owns 93,108 shares of the real estate investment trust’s stock worth $3,977,000 after acquiring an additional 91,184 shares during the period. UMB Bank n.a. boosted its holdings in shares of CubeSmart by 103.5% during the first quarter. UMB Bank n.a. now owns 1,917 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 975 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of CubeSmart by 446.2% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 1,468 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of CubeSmart by 23.6% during the first quarter. Pallas Capital Advisors LLC now owns 48,329 shares of the real estate investment trust’s stock worth $2,064,000 after acquiring an additional 9,222 shares during the period. Finally, CX Institutional bought a new stake in shares of CubeSmart during the first quarter worth approximately $3,263,000. Institutional investors own 97.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CUBE shares. Royal Bank Of Canada reduced their price objective on CubeSmart from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Monday, August 4th. UBS Group dropped their price target on shares of CubeSmart from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. BNP Paribas upgraded shares of CubeSmart to a “hold” rating in a research report on Tuesday, June 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of CubeSmart in a research report on Saturday, September 27th. Finally, Evercore ISI lifted their price target on shares of CubeSmart from $48.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.06.

CubeSmart Stock Up 1.2%

Shares of CUBE opened at $40.70 on Monday. The firm has a 50 day simple moving average of $40.30 and a two-hundred day simple moving average of $41.08. The company has a market cap of $9.28 billion, a P/E ratio of 24.82, a P/E/G ratio of 9.06 and a beta of 0.96. CubeSmart has a one year low of $34.24 and a one year high of $51.85. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06.

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 firm had revenue of $282.30 million for the quarter, compared to analysts’ expectations of $275.71 million. CubeSmart had a net margin of 35.44% and a return on equity of 13.12%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Research analysts forecast that CubeSmart will post 2.64 EPS for the current fiscal year.

CubeSmart Dividend Announcement

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

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.