Two Sigma Securities LLC Takes Position in CubeSmart $CUBE

Two Sigma Securities LLC purchased a new position in CubeSmart (NYSE:CUBE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 16,028 shares of the real estate investment trust’s stock, valued at approximately $637,000.

A number of other institutional investors have also made changes to their positions in CUBE. Wiser Advisor Group LLC bought a new stake in CubeSmart in the third quarter valued at about $28,000. Geneos Wealth Management Inc. boosted its holdings 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. Essential Partners LLC boosted its holdings 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. Los Angeles Capital Management LLC acquired a new position in shares of CubeSmart during the 4th quarter worth about $43,000. Finally, SJS Investment Consulting Inc. acquired a new position in shares of CubeSmart during the 1st quarter worth about $42,000. 97.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group upped their price target on CubeSmart from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Barclays upgraded shares of CubeSmart from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $46.00 in a report on Friday, July 10th. Evercore set a $47.00 target price on shares of CubeSmart in a research note on Monday, July 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, July 15th. Finally, Wells Fargo & Company raised their price target on CubeSmart from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.55.

CubeSmart Stock Down 0.1%

CUBE stock opened at $39.69 on Wednesday. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 6.53 and a beta of 1.05. CubeSmart has a twelve month low of $35.09 and a twelve month high of $43.26. The business has a 50 day moving average price of $41.03 and a two-hundred day moving average price of $39.97. 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 announced 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). The company had revenue of $286.49 million for 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%.The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company 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. Analysts anticipate that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Announces Dividend

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 dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Thursday, October 1st. CubeSmart’s payout ratio is presently 146.21%.

CubeSmart Company 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.