The Manufacturers Life Insurance Company Lowers Holdings in CubeSmart $CUBE

The Manufacturers Life Insurance Company decreased its holdings in CubeSmart (NYSE:CUBE) by 6.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,601 shares of the real estate investment trust’s stock after selling 14,489 shares during the period. The Manufacturers Life Insurance Company owned 0.09% of CubeSmart worth $7,462,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CUBE. Cetera Investment Advisers lifted its holdings in 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 purchasing an additional 265 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of CubeSmart by 4.0% during 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 last quarter. Fifth Third Bancorp raised its position in shares of 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 during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of CubeSmart by 15.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,204 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 295 shares in the last quarter. Finally, Pacific Sun Financial Corp boosted its position in shares of 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 worth $204,000 after acquiring an additional 310 shares during the last quarter. 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 a number of research reports. KeyCorp reiterated a “sector weight” rating on shares of CubeSmart in a report on Tuesday. Barclays upgraded CubeSmart from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $46.00 in a research report on Friday, July 10th. Evercore set a $47.00 target price on CubeSmart in a research report on Monday, July 6th. Truist Financial increased their price target on CubeSmart from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.50.

CubeSmart Stock Performance

CubeSmart stock opened at $41.92 on Wednesday. The company’s 50-day moving average price is $40.86 and its 200-day moving average price is $39.59. The company has a quick ratio of 0.04, a current ratio of 0.07 and a debt-to-equity ratio of 1.34. The company has a market cap of $9.44 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 7.25 and a beta of 1.07. CubeSmart has a twelve month low of $35.09 and a twelve month high of $43.26.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results 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 business had revenue of $286.49 million during 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 firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS. CubeSmart has set its Q3 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.600 EPS. On average, equities research analysts forecast that CubeSmart will post 2.57 EPS for the current fiscal year.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Thursday, October 1st. CubeSmart’s dividend payout ratio (DPR) 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.