Squarepoint Ops LLC Sells 33,015 Shares of CubeSmart $CUBE

Squarepoint Ops LLC reduced its stake in CubeSmart (NYSE:CUBE) by 15.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 181,235 shares of the real estate investment trust’s stock after selling 33,015 shares during the quarter. Squarepoint Ops LLC owned 0.08% of CubeSmart worth $7,208,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ieq Capital LLC bought a new position in shares of CubeSmart during the 2nd quarter valued at approximately $9,966,000. Legal & General Group Plc raised its holdings in shares of CubeSmart by 16.3% in the 4th quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust’s stock worth $49,808,000 after purchasing an additional 193,467 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in CubeSmart by 2,806.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 228,407 shares of the real estate investment trust’s stock valued at $8,234,000 after purchasing an additional 220,549 shares during the last quarter. Lasalle Investment Management Securities LLC lifted its stake in CubeSmart by 3.0% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust’s stock valued at $38,947,000 after purchasing an additional 31,187 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in CubeSmart in the fourth quarter valued at approximately $949,000. Institutional investors own 97.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CUBE. UBS Group raised their target price on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Evercore set a $47.00 price target on CubeSmart in a research report on Monday, July 6th. KeyCorp reiterated a “sector weight” rating on shares of CubeSmart in a research note on Tuesday, August 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $47.00 price objective on shares of CubeSmart in a report on Tuesday, August 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, July 15th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $43.45.

CubeSmart Trading Up 0.5%

Shares of CUBE stock opened at $39.08 on Friday. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 6.40 and a beta of 1.05. The company’s fifty day simple moving average is $40.87 and its two-hundred day simple moving average is $39.98. CubeSmart has a 1 year low of $35.09 and a 1 year high of $43.26. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). The company had revenue of $286.49 million during the quarter, compared to the consensus estimate of $281.12 million. CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.CubeSmart’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. 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 anticipate that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 5.4%. CubeSmart’s dividend payout ratio (DPR) is currently 146.21%.

CubeSmart Profile

CubeSmart (NYSE:CUBE) is a self-administered and self-managed real estate investment trust that owns, operates and develops self-storage facilities in the United States. Its facilities provide individuals and businesses with storage units in a range of sizes, along with related services such as tenant insurance and online rental and payment options.

In addition to managing its owned properties, CubeSmart provides third-party management services for self-storage facilities owned by other parties.