Carmel Capital Partners LLC Lowers Stock Position in CubeSmart $CUBE

Carmel Capital Partners LLC lowered its position in shares of CubeSmart (NYSE:CUBE) by 50.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,010 shares of the real estate investment trust’s stock after selling 5,158 shares during the quarter. Carmel Capital Partners LLC’s holdings in CubeSmart were worth $213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CUBE. Allworth Financial LP increased its holdings in shares of CubeSmart by 115.2% during the first quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 501 shares in the last quarter. Covestor Ltd increased its holdings in shares of CubeSmart by 22.8% during the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 292 shares in the last quarter. Signaturefd LLC increased its holdings in shares of CubeSmart by 82.8% during the second quarter. Signaturefd LLC now owns 1,680 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 761 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of CubeSmart by 737.2% during the second quarter. IFP Advisors Inc now owns 1,532 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 1,349 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of CubeSmart by 446.2% during the first quarter. Farther Finance Advisors LLC now owns 1,797 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 1,468 shares in the last quarter. 97.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CUBE. Deutsche Bank Aktiengesellschaft set a $45.00 price target on CubeSmart and gave the company a “buy” rating in a report on Monday, October 13th. Barclays reduced their price target on CubeSmart from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Royal Bank Of Canada decreased their target price on CubeSmart from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Monday, August 4th. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, BNP Paribas Exane began coverage on CubeSmart in a research report on Tuesday, June 24th. They issued a “neutral” rating and a $46.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.06.

CubeSmart Trading Up 0.8%

CubeSmart stock opened at $42.20 on Friday. The business has a 50-day simple moving average of $40.42 and a two-hundred day simple moving average of $41.00. The company has a market cap of $9.62 billion, a P/E ratio of 25.73, a P/E/G ratio of 9.37 and a beta of 0.96. CubeSmart has a 52-week low of $34.24 and a 52-week high of $50.69. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.18.

CubeSmart (NYSE:CUBE) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $282.30 million during the quarter, compared to the consensus estimate of $275.71 million. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. CubeSmart has set its Q3 2025 guidance at 0.640-0.660 EPS. FY 2025 guidance at 2.540-2.600 EPS. Analysts predict that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Wednesday, October 1st. CubeSmart’s payout ratio is currently 126.83%.

CubeSmart Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.