Kemper Corp Master Retirement Trust raised its position in shares of CubeSmart (NYSE:CUBE) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,450 shares of the real estate investment trust’s stock after buying an additional 25 shares during the quarter. Kemper Corp Master Retirement Trust’s holdings in CubeSmart were worth $275,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in CubeSmart by 31.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,400 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,306 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of CubeSmart in the first quarter worth approximately $149,000. Commonwealth Bank of Australia lifted its position in shares of CubeSmart by 3.9% in the second quarter. Commonwealth Bank of Australia now owns 7,568 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 283 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of CubeSmart in the first quarter worth approximately $222,000. Finally, Profund Advisors LLC purchased a new stake in shares of CubeSmart in the second quarter worth approximately $214,000.

A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of CubeSmart from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC set a $30.00 price target on shares of CubeSmart and gave the stock a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research lowered shares of CubeSmart from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. KeyCorp reissued a “hold” rating on shares of CubeSmart in a research report on Friday, August 25th. Finally, Raymond James Financial, Inc. lowered shares of CubeSmart from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.29.

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CubeSmart (CUBE) traded up 0.11% during mid-day trading on Monday, hitting $26.12. 128,327 shares of the stock were exchanged. The firm has a 50-day moving average price of $25.54 and a 200-day moving average price of $25.15. CubeSmart has a 12-month low of $22.83 and a 12-month high of $28.06. The stock has a market capitalization of $4.71 billion, a P/E ratio of 45.11 and a beta of 0.19.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. CubeSmart had a return on equity of 6.65% and a net margin of 20.36%. The company had revenue of $138.60 million for the quarter, compared to analysts’ expectations of $138.07 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Equities analysts predict that CubeSmart will post $0.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Friday, September 29th. CubeSmart’s dividend payout ratio is currently 186.21%.

CubeSmart Company Profile

CubeSmart operates as a self-managed and self-administered real estate company. The Company focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. Its self-storage properties are designed to offer storage space for its residential and commercial customers.

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Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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