HighTower Advisors LLC Raises Position in CubeSmart $CUBE

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. True Wealth Design LLC increased its holdings in CubeSmart by 308.2% during the 2nd 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 period. Private Trust Co. NA grew its position in shares of CubeSmart by 209.6% during the third quarter. Private Trust Co. NA now owns 706 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 478 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 568 shares during the period. SJS Investment Consulting Inc. acquired a new stake in CubeSmart in the third quarter valued at approximately $42,000. Finally, Hantz Financial Services Inc. lifted its stake in CubeSmart by 1,776.1% in the second 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 last quarter. 97.61% of the stock is owned by institutional investors and hedge funds.

CubeSmart Price Performance

Shares of 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. CubeSmart has a twelve month low of $34.24 and a twelve month high of $44.13. The stock has a 50 day moving average of $37.93 and a two-hundred day moving average of $38.68. The stock has a market cap of $9.38 billion, a P/E ratio of 28.38, a P/E/G ratio of 12.31 and a beta of 1.12.

CubeSmart Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CUBE shares. Deutsche Bank Aktiengesellschaft downgraded shares of CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Tuesday, January 20th. UBS Group cut their price target on CubeSmart from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Wall Street Zen raised CubeSmart from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of CubeSmart in a report on Monday, December 8th. Finally, Mizuho cut their target price on CubeSmart from $43.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $44.13.

View Our Latest Report on CubeSmart

Key Stories Impacting CubeSmart

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About CubeSmart

(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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