Sei Investments Co. Has $23.12 Million Holdings in CubeSmart $CUBE

Sei Investments Co. grew its position in CubeSmart (NYSE:CUBE) by 142.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 630,877 shares of the real estate investment trust’s stock after acquiring an additional 370,347 shares during the period. Sei Investments Co.’s holdings in CubeSmart were worth $23,122,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Royal Bank of Canada raised its position in CubeSmart by 1.3% in the first quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust’s stock valued at $7,429,000 after purchasing an additional 2,284 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of CubeSmart by 944.3% during the first quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 6,412 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of CubeSmart by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust’s stock worth $20,684,000 after purchasing an additional 19,476 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of CubeSmart in the first quarter valued at approximately $270,000. Finally, Cetera Investment Advisers increased its stake in shares of CubeSmart by 1.6% in the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after buying an additional 265 shares during the period. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Stock Performance

NYSE:CUBE opened at $42.54 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.04 and a current ratio of 0.04. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $43.26. The company has a 50 day simple moving average of $40.68 and a two-hundred day simple moving average of $39.45. The company has a market capitalization of $9.63 billion, a PE ratio of 29.96, a P/E/G ratio of 7.31 and a beta of 1.08.

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

CubeSmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be issued a $0.53 dividend. The ex-dividend date is Thursday, October 1st. This represents a $2.12 annualized dividend and a yield of 5.0%. CubeSmart’s payout ratio is presently 149.30%.

Wall Street Analyst Weigh In

CUBE has been the subject of a number of research reports. Raymond James Financial assumed coverage on shares of CubeSmart in a report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price objective for the company. UBS Group upped their price target on shares of CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Evercore set a $47.00 price objective on shares of CubeSmart in a research note on Monday, July 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $46.00 price objective on shares of CubeSmart in a report on Monday, May 4th. Finally, Wells Fargo & Company raised their target price on CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.42.

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.