D.A. Davidson & CO. Increases Holdings in CubeSmart $CUBE

D.A. Davidson & CO. boosted its position in shares of CubeSmart (NYSE:CUBE) by 53.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,689 shares of the real estate investment trust’s stock after purchasing an additional 15,590 shares during the quarter. D.A. Davidson & CO.’s holdings in CubeSmart were worth $1,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in CubeSmart in the fourth quarter worth about $395,968,000. Geode Capital Management LLC increased its position in CubeSmart by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock valued at $169,975,000 after purchasing an additional 52,207 shares during the period. Alyeska Investment Group L.P. increased its position in CubeSmart by 36.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock valued at $174,185,000 after purchasing an additional 1,143,464 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of CubeSmart by 3.1% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust’s stock valued at $125,084,000 after purchasing an additional 105,105 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of CubeSmart by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,412,567 shares of the real estate investment trust’s stock valued at $123,023,000 after purchasing an additional 171,539 shares in the last quarter. 97.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CUBE shares. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Mizuho boosted their price objective on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada restated an “outperform” rating and set a $46.00 target price on shares of CubeSmart in a report on Monday, May 4th. Wells Fargo & Company increased their target price on CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Finally, Evercore set a $47.00 price target on CubeSmart in a report on Monday, July 6th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, CubeSmart has an average rating of “Hold” and an average target price of $43.25.

CubeSmart Stock Performance

Shares of CubeSmart stock opened at $40.95 on Wednesday. The firm has a market capitalization of $9.27 billion, a P/E ratio of 28.84, a PEG ratio of 7.19 and a beta of 1.08. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average price of $40.42 and a 200 day moving average price of $39.24. CubeSmart has a 52 week low of $35.09 and a 52 week high of $42.90.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. CubeSmart had a net margin of 28.93% and a return on equity of 11.84%. The business had revenue of $281.93 million during the quarter, compared to the consensus estimate of $275.25 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. Sell-side analysts expect that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, July 1st. CubeSmart’s payout ratio is 149.30%.

About CubeSmart

CubeSmart (NYSE: CUBE) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company’s portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart’s facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.