Ceredex Value Advisors LLC Makes New $11.38 Million Investment in CubeSmart $CUBE

Ceredex Value Advisors LLC purchased a new position in shares of CubeSmart (NYSE:CUBE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 286,250 shares of the real estate investment trust’s stock, valued at approximately $11,384,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wiser Advisor Group LLC acquired a new stake in shares of CubeSmart in the 3rd quarter valued at $28,000. Essential Partners LLC increased its position in CubeSmart by 594.7% during the first quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 779 shares during the last quarter. Geneos Wealth Management Inc. increased its position in CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 568 shares during the last quarter. SJS Investment Consulting Inc. acquired a new position in CubeSmart during the first quarter worth $42,000. Finally, Los Angeles Capital Management LLC bought a new position in CubeSmart during the fourth quarter valued at about $43,000. Institutional investors own 97.61% of the company’s stock.

Wall Street Analysts Forecast Growth

CUBE has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $47.00 price target on shares of CubeSmart in a research report on Tuesday, August 4th. Wells Fargo & Company increased their price objective on CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Raymond James Financial began coverage on CubeSmart in a report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 target price for the company. Mizuho boosted their target price on CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Barclays raised CubeSmart from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, CubeSmart has a consensus rating of “Hold” and a consensus target price of $43.50.

CubeSmart Price Performance

Shares of NYSE:CUBE opened at $41.19 on Friday. The business has a 50 day moving average price of $41.12 and a 200 day moving average price of $39.85. CubeSmart has a twelve month low of $35.09 and a twelve month high of $43.26. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 6.82 and a beta of 1.07. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34.

CubeSmart (NYSE:CUBE) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). The business had revenue of $286.49 million during the quarter, compared to analyst estimates of $281.12 million. CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. Research analysts predict that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a $0.53 dividend. The ex-dividend date is Thursday, October 1st. This represents a $2.12 annualized dividend and a dividend yield of 5.1%. CubeSmart’s dividend payout ratio (DPR) is presently 146.21%.

CubeSmart Profile

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.