Hsbc Holdings PLC Makes New $34.09 Million Investment in CubeSmart $CUBE

Hsbc Holdings PLC acquired a new position in shares of CubeSmart (NYSE:CUBE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 855,192 shares of the real estate investment trust’s stock, valued at approximately $34,085,000.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in CubeSmart during the second quarter worth $1,349,164,000. Norges Bank bought a new position in shares of CubeSmart in the 4th quarter valued at about $395,968,000. Canada Pension Plan Investment Board acquired a new position in shares of CubeSmart during the 2nd quarter worth about $288,512,000. Bank of New York Mellon Corp acquired a new position in shares of CubeSmart during the 2nd quarter worth about $74,199,000. Finally, Millennium Management LLC raised its holdings in shares of CubeSmart by 201.5% in the 4th quarter. Millennium Management LLC now owns 2,739,600 shares of the real estate investment trust’s stock valued at $98,763,000 after purchasing an additional 1,830,993 shares during the period. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Stock Down 1.1%

CubeSmart stock opened at $40.00 on Friday. The company’s 50-day moving average price is $41.08 and its two-hundred day moving average price is $39.94. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. The stock has a market cap of $9.01 billion, a P/E ratio of 27.58, a P/E/G ratio of 6.66 and a beta of 1.07. CubeSmart has a twelve month low of $35.09 and a twelve month high of $43.26.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data 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). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The firm had revenue of $286.49 million for the quarter, compared to the consensus estimate of $281.12 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue was up 1.5% on a year-over-year basis. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. As a group, analysts expect that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 yield of 5.3%. CubeSmart’s payout ratio is 146.21%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CUBE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, July 15th. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Barclays upgraded CubeSmart from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $45.00 to $46.00 in a research note on Friday, July 10th. KeyCorp reissued a “sector weight” rating on shares of CubeSmart in a report on Tuesday, August 4th. Finally, Truist Financial increased their price target on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.55.

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.