K2 Principal Fund L.P. Takes Position in CubeSmart $CUBE

K2 Principal Fund L.P. acquired a new stake in shares of CubeSmart (NYSE:CUBE) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 30,100 shares of the real estate investment trust’s stock, valued at approximately $1,085,000.

Several other hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers increased its holdings in shares of CubeSmart by 1.6% during the second quarter. Cetera Investment Advisers now owns 17,212 shares of the real estate investment trust’s stock valued at $731,000 after acquiring an additional 265 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of CubeSmart by 1.8% during the third quarter. Crossmark Global Holdings Inc. now owns 16,357 shares of the real estate investment trust’s stock valued at $665,000 after acquiring an additional 282 shares in the last quarter. Huntington National Bank increased its holdings in shares of CubeSmart by 43.3% during the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 295 shares in the last quarter. Pacific Sun Financial Corp boosted its position in CubeSmart by 6.6% in 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 during the last quarter. Finally, Fifth Third Bancorp boosted its position in CubeSmart by 16.9% in the fourth quarter. Fifth Third Bancorp now owns 2,319 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 335 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Trading Up 0.3%

CubeSmart stock opened at $41.85 on Friday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.29. CubeSmart has a 12 month low of $35.09 and a 12 month high of $43.63. The stock’s 50 day simple moving average is $39.64 and its two-hundred day simple moving average is $38.40. The firm has a market cap of $9.48 billion, a PE ratio of 29.47, a P/E/G ratio of 7.24 and a beta of 1.09.

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

CubeSmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, July 1st. CubeSmart’s dividend payout ratio is currently 149.30%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CUBE. Barclays upped their target price on CubeSmart from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Mizuho upped their target price on CubeSmart from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $46.00 target price on shares of CubeSmart in a research report on Monday, May 4th. Finally, Wells Fargo & Company upped their target price on CubeSmart from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $43.42.

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.