Level Four Advisory Services LLC Invests $692,000 in CubeSmart $CUBE

Level Four Advisory Services LLC acquired a new stake in CubeSmart (NYSE:CUBE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,021 shares of the real estate investment trust’s stock, valued at approximately $692,000.

Several other large investors have also bought and sold shares of the stock. 111 Capital acquired a new position in shares of CubeSmart in the 3rd quarter worth approximately $318,000. Elo Mutual Pension Insurance Co raised its stake in CubeSmart by 34.7% during the third quarter. Elo Mutual Pension Insurance Co now owns 30,752 shares of the real estate investment trust’s stock worth $1,250,000 after buying an additional 7,925 shares during the last quarter. Lasalle Investment Management Securities LLC raised its stake in CubeSmart by 41.4% during the third quarter. Lasalle Investment Management Securities LLC now owns 1,049,164 shares of the real estate investment trust’s stock worth $42,659,000 after buying an additional 307,111 shares during the last quarter. American Century Companies Inc. lifted its holdings in CubeSmart by 9.0% in the third quarter. American Century Companies Inc. now owns 723,754 shares of the real estate investment trust’s stock valued at $29,428,000 after buying an additional 59,990 shares during the period. Finally, Huntington National Bank lifted its holdings in CubeSmart by 43.3% in the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 295 shares during the period. 97.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on CUBE shares. Wolfe Research downgraded CubeSmart from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. Mizuho decreased their target price on CubeSmart from $43.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Deutsche Bank Aktiengesellschaft downgraded CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a 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 report on Thursday, January 8th. Finally, KeyCorp reiterated a “sector weight” rating on shares of CubeSmart in a research note on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.07.

Insider Buying and Selling

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total transaction of $949,530.96. Following the completion of the sale, the insider owned 205,057 shares in the company, valued at approximately $8,411,438.14. The trade was a 10.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.69% of the company’s stock.

CubeSmart Stock Down 0.8%

CUBE stock opened at $40.20 on Friday. The stock’s 50 day simple moving average is $38.44 and its 200 day simple moving average is $38.74. CubeSmart has a fifty-two week low of $34.24 and a fifty-two week high of $44.13. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.47 and a current ratio of 0.04. The company has a market cap of $9.13 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 12.61 and a beta of 1.10.

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 of this dividend is Wednesday, April 1st. This represents a $2.12 annualized dividend and a yield of 5.3%. CubeSmart’s dividend payout ratio (DPR) is presently 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.