CubeSmart $CUBE Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in shares of CubeSmart (NYSE:CUBEFree Report) by 52.7% in the third quarter, Holdings Channel reports. The fund owned 58,449 shares of the real estate investment trust’s stock after purchasing an additional 20,163 shares during the period. HighTower Advisors LLC’s holdings in CubeSmart were worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC raised its stake in shares of CubeSmart by 308.2% during the second quarter. True Wealth Design LLC now owns 694 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 524 shares during the last quarter. Private Trust Co. NA increased its stake in CubeSmart by 209.6% in the 3rd quarter. Private Trust Co. NA now owns 706 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 478 shares during the period. Geneos Wealth Management Inc. increased its stake in CubeSmart by 174.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 568 shares during the period. SJS Investment Consulting Inc. purchased a new position in CubeSmart during the 3rd quarter worth $42,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of CubeSmart by 1,776.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,651 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,563 shares during the period. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CUBE shares. Wells Fargo & Company dropped their price target on shares of CubeSmart from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft cut CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a report on Tuesday, January 20th. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of CubeSmart in a report on Monday, December 8th. Finally, Wolfe Research cut shares of CubeSmart from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $44.13.

Check Out Our Latest Stock Analysis on CubeSmart

Key Stories Impacting CubeSmart

Here are the key news stories impacting CubeSmart this week:

CubeSmart Stock Performance

NYSE:CUBE opened at $41.15 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $9.38 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 12.31 and a beta of 1.12. The firm has a 50-day moving average price of $37.93 and a two-hundred day moving average price of $38.68. CubeSmart has a twelve month low of $34.24 and a twelve month high of $44.13.

CubeSmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, April 1st. CubeSmart’s payout ratio is 146.21%.

CubeSmart Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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