Winmill & CO. Inc. Acquires New Stake in CubeSmart $CUBE

Winmill & CO. Inc. bought a new position in CubeSmart (NYSE:CUBE) in the second quarter, Holdings Channel.com reports. The fund bought 14,000 shares of the real estate investment trust’s stock, valued at approximately $557,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in shares of CubeSmart by 1.6% in the 2nd quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock worth $731,000 after buying an additional 265 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of CubeSmart by 4.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 6,964 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 269 shares during the period. Fifth Third Bancorp boosted its stake in CubeSmart by 12.5% during the first quarter. Fifth Third Bancorp now owns 2,608 shares of the real estate investment trust’s stock valued at $96,000 after buying an additional 289 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in CubeSmart by 15.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,204 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 295 shares in the last quarter. Finally, Pacific Sun Financial Corp boosted its stake in CubeSmart by 6.6% during the third quarter. Pacific Sun Financial Corp now owns 5,022 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 310 shares in the last quarter. 97.61% of the stock is owned by institutional investors.

CubeSmart Stock Up 0.1%

Shares of CubeSmart stock opened at $40.95 on Monday. The stock has a 50-day moving average price of $41.11 and a 200 day moving average price of $39.88. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.34. The company has a market cap of $9.22 billion, a P/E ratio of 28.24, a P/E/G ratio of 6.73 and a beta of 1.07. CubeSmart has a 1 year low of $35.09 and a 1 year high of $43.26.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $281.12 million. CubeSmart had a net margin of 29.41% and a return on equity of 12.35%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $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 expect that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.12 dividend on an annualized basis and a yield of 5.2%. CubeSmart’s dividend payout ratio (DPR) is 146.21%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CUBE. Raymond James Financial started coverage on shares of CubeSmart in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $44.00 price target on the stock. Truist Financial lifted their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, July 15th. Mizuho boosted their target price on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Wells Fargo & Company increased their target price on shares of CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, CubeSmart presently has a consensus rating of “Hold” and an average price target of $43.50.

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.