The Manufacturers Life Insurance Company Purchases New Position in CubeSmart $CUBE

The Manufacturers Life Insurance Company acquired a new position in CubeSmart (NYSE:CUBE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 165,660 shares of the real estate investment trust’s stock, valued at approximately $6,588,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC bought a new stake in CubeSmart in the third quarter worth approximately $28,000. Geneos Wealth Management Inc. raised its holdings in shares of CubeSmart by 174.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 568 shares in the last quarter. Essential Partners LLC lifted its stake in shares of CubeSmart by 594.7% in the 1st quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 779 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in CubeSmart in the fourth quarter worth $43,000. Finally, SJS Investment Consulting Inc. bought a new stake in CubeSmart in the first quarter worth $42,000. Institutional investors own 97.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CUBE. Wells Fargo & Company raised their target price on CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Barclays upgraded CubeSmart from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $45.00 to $46.00 in a research note on Friday, July 10th. Truist Financial raised their price objective on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. 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. Finally, UBS Group upped 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. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.55.

CubeSmart Trading Up 0.0%

Shares of NYSE:CUBE opened at $40.04 on Monday. The company has a market cap of $9.02 billion, a P/E ratio of 27.61, a P/E/G ratio of 6.58 and a beta of 1.07. The stock’s 50-day moving average is $41.07 and its 200-day moving average is $39.95. CubeSmart has a 52-week low of $35.09 and a 52-week high of $43.26. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.07 and a current ratio of 0.07.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.25). CubeSmart had a return on equity of 12.35% and a net margin of 29.41%.The business had revenue of $286.49 million for the quarter, compared to analyst estimates of $281.12 million. During the same period in the prior year, the firm posted $0.65 EPS. CubeSmart’s revenue for the quarter 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. Equities research analysts predict that CubeSmart will post 2.57 earnings per share for the current year.

CubeSmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.3%. CubeSmart’s payout ratio is 146.21%.

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.