Natixis Advisors L.P. reduced its position in shares of CubeSmart (NYSE:CUBE) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,856 shares of the real estate investment trust’s stock after selling 3,716 shares during the period. Natixis Advisors L.P. owned 0.10% of CubeSmart worth $5,532,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CUBE. Whittier Trust Co. purchased a new position in shares of CubeSmart during the 4th quarter worth about $29,000. We Are One Seven LLC purchased a new position in shares of CubeSmart during the 4th quarter worth about $50,000. Enlightenment Research LLC purchased a new position in shares of CubeSmart during the 4th quarter worth about $106,000. Oppenheimer Asset Management Inc. purchased a new position in shares of CubeSmart during the 4th quarter worth about $119,000. Finally, NumerixS Investment Technologies Inc lifted its holdings in shares of CubeSmart by 80.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 5,040 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 2,240 shares during the period.

Several brokerages have recently weighed in on CUBE. Zacks Investment Research lowered shares of CubeSmart from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. ValuEngine upgraded shares of CubeSmart from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $30.00 price objective on shares of CubeSmart in a report on Sunday, February 24th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. CubeSmart has an average rating of “Hold” and a consensus price target of $32.03.

In related news, CEO Christopher P. Marr sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $31.51, for a total value of $1,890,600.00. Following the transaction, the chief executive officer now owns 444,877 shares in the company, valued at $14,018,074.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Timothy M. Martin sold 60,207 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $31.51, for a total transaction of $1,897,122.57. Following the completion of the transaction, the chief financial officer now owns 242,443 shares in the company, valued at approximately $7,639,378.93. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

NYSE CUBE opened at $31.39 on Friday. CubeSmart has a one year low of $27.04 and a one year high of $33.18. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $5.87 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 5.08 and a beta of 0.28.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.42 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. CubeSmart had a net margin of 28.32% and a return on equity of 9.74%. The firm had revenue of $134.74 million for the quarter, compared to analyst estimates of $154.27 million. During the same quarter last year, the firm posted $0.41 earnings per share. CubeSmart’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts predict that CubeSmart will post 1.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $1.28 annualized dividend and a yield of 4.08%. CubeSmart’s payout ratio is 78.05%.

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CubeSmart Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2019 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

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Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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