Janney Montgomery Scott LLC Sells 1,183 Shares of CubeSmart $CUBE

Janney Montgomery Scott LLC lowered its position in CubeSmart (NYSE:CUBE) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,032 shares of the real estate investment trust’s stock after selling 1,183 shares during the period. Janney Montgomery Scott LLC’s holdings in CubeSmart were worth $766,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of CubeSmart by 19.9% in the first quarter. HighTower Advisors LLC now owns 37,160 shares of the real estate investment trust’s stock valued at $1,587,000 after purchasing an additional 6,179 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of CubeSmart by 63.7% in the first quarter. MetLife Investment Management LLC now owns 219,496 shares of the real estate investment trust’s stock valued at $9,375,000 after purchasing an additional 85,414 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CubeSmart by 140.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 808,440 shares of the real estate investment trust’s stock valued at $34,528,000 after purchasing an additional 472,596 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 valued at $212,886,000 after purchasing an additional 72,513 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of CubeSmart in the first quarter valued at approximately $824,000. Institutional investors own 97.61% of the company’s stock.

Analyst Upgrades and Downgrades

CUBE has been the topic of a number of recent research reports. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a report on Sunday, September 21st. BNP Paribas Exane initiated coverage on CubeSmart in a report on Tuesday, June 24th. They issued a “neutral” rating and a $46.00 target price on the stock. BNP Paribas upgraded CubeSmart to a “hold” rating in a report on Tuesday, June 24th. Barclays dropped their price target on CubeSmart from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Finally, Citigroup dropped their price target on CubeSmart from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Monday, August 25th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.06.

CubeSmart Stock Performance

NYSE:CUBE opened at $41.13 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.06 and a quick ratio of 0.06. The business has a fifty day simple moving average of $40.31 and a two-hundred day simple moving average of $41.01. CubeSmart has a 1 year low of $34.24 and a 1 year high of $50.69. The company has a market capitalization of $9.38 billion, a P/E ratio of 25.08, a P/E/G ratio of 9.10 and a beta of 0.96.

CubeSmart (NYSE:CUBE) last released 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 return on equity of 13.12% and a net margin of 35.44%.The business had revenue of $282.30 million during the quarter, compared to the consensus estimate of $275.71 million. During the same period last year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. On average, analysts expect that CubeSmart will post 2.64 earnings per share for the current year.

CubeSmart Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Wednesday, October 1st. CubeSmart’s dividend payout ratio (DPR) is currently 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.