Vanderbilt University Invests $555,000 in CubeSmart $CUBE

Vanderbilt University acquired a new position in CubeSmart (NYSE:CUBE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 15,399 shares of the real estate investment trust’s stock, valued at approximately $555,000.

Several other hedge funds and other institutional investors have also modified their holdings of CUBE. Wiser Advisor Group LLC acquired a new stake in shares of CubeSmart in the third quarter worth $28,000. Private Trust Co. NA grew its stake in shares of CubeSmart by 209.6% in the third quarter. Private Trust Co. NA now owns 706 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 478 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of CubeSmart by 174.8% in the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 568 shares during the last quarter. Huntington National Bank grew its stake in shares of CubeSmart by 43.3% in the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 295 shares during the last quarter. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of CubeSmart in the third quarter worth $42,000. Institutional investors and hedge funds own 97.61% of the company’s stock.

Analysts Set New Price Targets

CUBE has been the topic of a number of recent research reports. BNP Paribas Exane upgraded shares of CubeSmart from a “neutral” rating to an “outperform” rating and set a $43.00 price target on the stock in a research note on Wednesday, March 18th. Wolfe Research downgraded shares of CubeSmart from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Barclays lifted their price target on shares of CubeSmart from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Wells Fargo & Company decreased 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. Finally, Wall Street Zen downgraded shares of CubeSmart from a “hold” rating to a “sell” rating in a research note on Sunday, March 1st. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CubeSmart has an average rating of “Hold” and a consensus price target of $43.64.

Insider Activity

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of CubeSmart stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total transaction of $949,530.96. Following the completion of the transaction, the insider directly owned 205,057 shares of the company’s stock, valued at approximately $8,411,438.14. This trade represents a 10.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.69% of the company’s stock.

CubeSmart Stock Up 0.2%

Shares of NYSE CUBE opened at $37.26 on Wednesday. The stock has a market cap of $8.46 billion, a PE ratio of 25.69 and a beta of 1.13. The business has a fifty day moving average of $38.46 and a two-hundred day moving average of $38.22. CubeSmart has a 52-week low of $34.24 and a 52-week high of $44.13. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.04 and a current ratio of 0.04.

CubeSmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.7%. CubeSmart’s dividend payout ratio (DPR) is presently 146.21%.

About CubeSmart

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.