CubeSmart (NYSE:CUBE) Shares Purchased by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC lifted its position in CubeSmart (NYSE:CUBEGet Rating) by 669.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 777 shares of the real estate investment trust’s stock after acquiring an additional 676 shares during the period. HHM Wealth Advisors LLC’s holdings in CubeSmart were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. First Republic Investment Management Inc. boosted its holdings in CubeSmart by 4.7% in the third quarter. First Republic Investment Management Inc. now owns 44,910 shares of the real estate investment trust’s stock valued at $1,799,000 after purchasing an additional 2,004 shares during the last quarter. Creative Planning boosted its stake in shares of CubeSmart by 5.7% during the 3rd quarter. Creative Planning now owns 13,543 shares of the real estate investment trust’s stock worth $543,000 after acquiring an additional 729 shares in the last quarter. Decatur Capital Management Inc. purchased a new stake in shares of CubeSmart during the 3rd quarter worth about $1,323,000. Teacher Retirement System of Texas boosted its stake in shares of CubeSmart by 114.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 77,113 shares of the real estate investment trust’s stock worth $3,089,000 after acquiring an additional 41,110 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of CubeSmart by 23.8% during the 3rd quarter. Barclays PLC now owns 104,116 shares of the real estate investment trust’s stock worth $4,171,000 after acquiring an additional 20,049 shares in the last quarter. 93.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CUBE shares. Raymond James lowered their target price on shares of CubeSmart from $58.00 to $48.00 and set a “strong-buy” rating on the stock in a research note on Monday, January 9th. UBS Group started coverage on shares of CubeSmart in a research note on Monday, October 17th. They set a “buy” rating and a $45.00 target price on the stock. StockNews.com began coverage on shares of CubeSmart in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Jefferies Financial Group lowered shares of CubeSmart from a “buy” rating to a “hold” rating and decreased their price target for the company from $47.00 to $41.00 in a research note on Monday, January 2nd. Finally, Wolfe Research began coverage on shares of CubeSmart in a research note on Tuesday, January 17th. They issued an “outperform” rating and a $48.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.43.

CubeSmart Stock Up 0.6 %

Shares of NYSE CUBE opened at $43.60 on Wednesday. The company has a 50 day simple moving average of $41.09 and a 200-day simple moving average of $42.49. The company has a market capitalization of $9.79 billion, a P/E ratio of 38.25, a P/E/G ratio of 1.93 and a beta of 0.52. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.04 and a quick ratio of 0.04. CubeSmart has a 1 year low of $36.82 and a 1 year high of $54.95.

CubeSmart Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were issued a dividend of $0.49 per share. The ex-dividend date was Friday, December 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.50%. This is an increase from CubeSmart’s previous quarterly dividend of $0.43. CubeSmart’s dividend payout ratio (DPR) is currently 171.93%.

About CubeSmart

(Get Rating)

CubeSmart operates as a self-managed and self-administered real estate investment trust with its operations conducted solely through CubeSmart LP and its subsidiaries. It owns, operates, develops, manages, and acquires self-storage properties. The company was founded in July 2004 and is headquartered in Malvern, PA.

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Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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