West Family Investments Inc. Takes $643,000 Position in CubeSmart $CUBE

West Family Investments Inc. acquired a new position in shares of CubeSmart (NYSE:CUBE) in the second quarter, HoldingsChannel reports. The fund acquired 16,172 shares of the real estate investment trust’s stock, valued at approximately $643,000.

Other hedge funds have also modified their holdings of the company. Wiser Advisor Group LLC acquired a new stake in CubeSmart in the third quarter worth $28,000. Essential Partners LLC boosted its position in shares of 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 period. Parkside Financial Bank & Trust lifted its stake in CubeSmart by 143.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 941 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 554 shares in the last quarter. Geneos Wealth Management Inc. grew its stake 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 worth $38,000 after acquiring an additional 568 shares in the last quarter. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of CubeSmart in the first quarter valued at approximately $42,000. 97.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays upgraded shares of CubeSmart from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $45.00 to $46.00 in a research report on Friday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, July 15th. Wells Fargo & Company boosted their price target on CubeSmart from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. KeyCorp reiterated a “sector weight” rating on shares of CubeSmart in a research report on Tuesday, August 4th. Finally, UBS Group lifted their target price on CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CubeSmart has a consensus rating of “Hold” and an average price target of $43.45.

CubeSmart Price Performance

CubeSmart stock traded up $0.17 during mid-day trading on Tuesday, reaching $39.67. 2,630,504 shares of the company were exchanged, compared to its average volume of 2,232,475. The company has a fifty day simple moving average of $40.93 and a 200-day simple moving average of $39.98. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.26. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market cap of $8.93 billion, a PE ratio of 27.36, a PEG ratio of 6.50 and a beta of 1.05.

CubeSmart (NYSE:CUBE) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.39 earnings per share 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 net margin of 29.41% and a return on equity of 12.35%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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, equities research analysts expect that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid 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 dividend 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.