CubeSmart (NYSE:CUBE) CFO Timothy M. Martin sold 83,409 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $29.32, for a total transaction of $2,445,551.88. Following the completion of the sale, the chief financial officer now directly owns 228,948 shares in the company, valued at $6,712,755.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

CubeSmart (NYSE CUBE) opened at $29.39 on Friday. The company has a market cap of $5,288.97, a P/E ratio of 18.86, a PEG ratio of 3.78 and a beta of 0.22. CubeSmart has a 1 year low of $22.83 and a 1 year high of $29.67. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.07 and a current ratio of 0.07.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 29th. This is a positive change from CubeSmart’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.08%. CubeSmart’s dividend payout ratio (DPR) is 163.64%.

CUBE has been the topic of a number of recent analyst reports. FBR & Co reissued a “buy” rating and issued a $32.00 price objective on shares of CubeSmart in a research report on Friday, October 27th. BidaskClub raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. UBS lowered shares of CubeSmart from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Evercore ISI reaffirmed an “outperform” rating and set a $28.00 target price (up from $27.00) on shares of CubeSmart in a research report on Thursday, September 14th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $27.00 target price on shares of CubeSmart in a research report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. CubeSmart currently has a consensus rating of “Hold” and a consensus price target of $28.60.

Several large investors have recently modified their holdings of CUBE. Public Employees Retirement System of Ohio increased its holdings in CubeSmart by 1.2% during the third quarter. Public Employees Retirement System of Ohio now owns 283,639 shares of the real estate investment trust’s stock valued at $7,363,000 after buying an additional 3,302 shares during the period. Americafirst Capital Management LLC purchased a new position in CubeSmart during the third quarter valued at approximately $450,000. Dean Investment Associates LLC increased its holdings in CubeSmart by 59.7% during the third quarter. Dean Investment Associates LLC now owns 42,230 shares of the real estate investment trust’s stock valued at $1,096,000 after buying an additional 15,782 shares during the period. Eii Capital Management Inc. purchased a new position in CubeSmart during the third quarter valued at approximately $1,057,000. Finally, California Public Employees Retirement System increased its holdings in CubeSmart by 5.2% during the third quarter. California Public Employees Retirement System now owns 320,778 shares of the real estate investment trust’s stock valued at $8,327,000 after buying an additional 15,866 shares during the period.

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About CubeSmart

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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