Evolve Private Wealth LLC Makes New $538,000 Investment in CubeSmart $CUBE

Evolve Private Wealth LLC bought a new stake in CubeSmart (NYSE:CUBE) in the second quarter, HoldingsChannel reports. The fund bought 13,522 shares of the real estate investment trust’s stock, valued at approximately $538,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC acquired a new position in CubeSmart during the third quarter worth approximately $28,000. Geneos Wealth Management Inc. increased its holdings in shares of CubeSmart by 174.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 568 shares during the period. Essential Partners LLC raised its position in 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 acquired a new stake in CubeSmart during the 4th quarter worth $43,000. Finally, SJS Investment Consulting Inc. acquired a new stake in CubeSmart during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Analysts Set New Price Targets

CUBE has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Mizuho increased their target price on shares of CubeSmart from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group raised their price target on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $47.00 price target on shares of CubeSmart in a research report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, CubeSmart presently has an average rating of “Hold” and a consensus price target of $43.55.

CubeSmart Stock Up 0.0%

CubeSmart stock opened at $40.90 on Tuesday. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $43.26. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 6.73 and a beta of 1.07. The stock’s fifty day moving average is $41.10 and its two-hundred day moving average is $39.90. 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 released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share (EPS) 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 firm had revenue of $286.49 million for the quarter, compared to analyst estimates of $281.12 million. During the same period last year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. 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 predict that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Dividend Announcement

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 dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 5.2%. The ex-dividend date is Thursday, October 1st. CubeSmart’s dividend payout ratio (DPR) is 146.21%.

CubeSmart 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.