West Family Investments Inc. Acquires Shares of 16,172 CubeSmart $CUBE

West Family Investments Inc. bought a new stake in shares of CubeSmart (NYSE:CUBE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,172 shares of the real estate investment trust’s stock, valued at approximately $643,000.

Several other hedge funds have also recently bought and sold shares of CUBE. Cadence Bank acquired a new position in CubeSmart during the fourth quarter valued at approximately $4,043,000. Legal & General Group Plc grew its position in CubeSmart by 16.3% in the fourth quarter. Legal & General Group Plc now owns 1,381,625 shares of the real estate investment trust’s stock valued at $49,808,000 after acquiring an additional 193,467 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in CubeSmart by 2,806.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 228,407 shares of the real estate investment trust’s stock worth $8,234,000 after acquiring an additional 220,549 shares in the last quarter. Lasalle Investment Management Securities LLC raised its stake in CubeSmart by 3.0% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,080,351 shares of the real estate investment trust’s stock worth $38,947,000 after acquiring an additional 31,187 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of CubeSmart in the fourth quarter worth about $1,036,000. 97.61% of the stock is owned by institutional investors.

CubeSmart Stock Performance

NYSE:CUBE opened at $41.46 on Thursday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. CubeSmart has a twelve month low of $35.09 and a twelve month high of $43.26. The company has a fifty day moving average of $41.13 and a 200-day moving average of $39.82. The firm has a market capitalization of $9.34 billion, a P/E ratio of 28.60, a P/E/G ratio of 6.74 and a beta of 1.07.

CubeSmart (NYSE:CUBE) last issued its 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 company had revenue of $286.49 million for the quarter, compared to the consensus estimate of $281.12 million. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s 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. As a group, sell-side analysts anticipate that CubeSmart will post 2.57 EPS for the current year.

CubeSmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s dividend payout ratio is presently 146.21%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CUBE. KeyCorp restated a “sector weight” rating on shares of CubeSmart in a research note on Tuesday, August 4th. UBS Group upped their price objective on shares of CubeSmart from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Wells Fargo & Company increased their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, July 15th. Finally, Evercore set a $47.00 price target on CubeSmart in a report on Monday, July 6th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.50.

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.