Pallas Capital Advisors LLC Makes New Investment in CubeSmart $CUBE

Pallas Capital Advisors LLC bought a new stake in CubeSmart (NYSE:CUBE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 24,643 shares of the real estate investment trust’s stock, valued at approximately $980,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CUBE. Wiser Advisor Group LLC bought a new stake in shares of CubeSmart during the 3rd quarter worth approximately $28,000. Essential Partners LLC increased its stake in CubeSmart by 594.7% in the first quarter. Essential Partners LLC now owns 910 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 779 shares during the last quarter. Geneos Wealth Management Inc. raised its position in CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 568 shares in the last quarter. SJS Investment Consulting Inc. acquired a new position in CubeSmart during the first quarter valued at approximately $42,000. Finally, Los Angeles Capital Management LLC bought a new stake in CubeSmart during the fourth quarter worth $43,000. 97.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CUBE shares. Evercore set a $47.00 price target on CubeSmart in a research note on Monday, July 6th. Weiss Ratings restated a “hold (c)” rating on shares of CubeSmart in a research report on Wednesday, July 15th. Wells Fargo & Company raised their price objective 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, Mizuho lifted 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. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, CubeSmart has a consensus rating of “Hold” and an average price target of $43.50.

CubeSmart Price Performance

Shares of NYSE:CUBE opened at $41.04 on Wednesday. CubeSmart has a one year low of $35.09 and a one year 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 company has a market cap of $9.24 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 6.82 and a beta of 1.07. The firm has a 50 day simple moving average of $41.14 and a 200 day simple moving average of $39.80.

CubeSmart (NYSE:CUBE) last posted 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). 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 previous year, the firm posted $0.65 EPS. The business’s quarterly 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. Research analysts predict that CubeSmart will post 2.57 earnings per share for the current fiscal year.

CubeSmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a $0.53 dividend. The ex-dividend date is Thursday, October 1st. This represents a $2.12 annualized dividend and a yield of 5.2%. CubeSmart’s dividend payout ratio (DPR) is currently 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.