New York State Teachers Retirement System Sells 42,797 Shares of CubeSmart $CUBE

New York State Teachers Retirement System trimmed its holdings in shares of CubeSmart (NYSE:CUBE) by 25.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,308 shares of the real estate investment trust’s stock after selling 42,797 shares during the period. New York State Teachers Retirement System’s holdings in CubeSmart were worth $4,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Wiser Advisor Group LLC bought a new stake in shares of CubeSmart in the 3rd quarter valued at about $28,000. Geneos Wealth Management Inc. increased 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 valued at $38,000 after buying an additional 568 shares during the period. SJS Investment Consulting Inc. bought a new position in CubeSmart in the first quarter worth approximately $42,000. Los Angeles Capital Management LLC bought a new position in CubeSmart in the fourth quarter worth approximately $43,000. Finally, Global Retirement Partners LLC raised its stake in CubeSmart by 95.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,213 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 591 shares in the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

CubeSmart Price Performance

Shares of CUBE opened at $39.97 on Thursday. The company has a 50 day moving average of $40.29 and a two-hundred day moving average of $38.93. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 7.06 and a beta of 1.08. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.29. CubeSmart has a twelve month low of $35.09 and a twelve month high of $42.86.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $281.93 million during the quarter, compared to analyst estimates of $275.25 million. CubeSmart had a return on equity of 11.84% and a net margin of 28.93%.The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 EPS. CubeSmart has set its FY 2026 guidance at 2.520-2.600 EPS and its Q2 2026 guidance at 0.620-0.640 EPS. As a group, analysts predict that CubeSmart will post 2.58 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, July 1st. CubeSmart’s dividend payout ratio (DPR) is currently 149.30%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CUBE. BNP Paribas Exane raised CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 target price on the stock in a research report on Wednesday, March 18th. Truist Financial boosted their price target on CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Mizuho upped their price objective on CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Evercore set a $47.00 price objective on CubeSmart in a research report on Monday. Finally, Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, CubeSmart currently has a consensus rating of “Hold” and an average price target of $42.91.

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.