Timothy M. Martin Sells 83,409 Shares of CubeSmart (CUBE) Stock
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%.
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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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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