GSA Capital Partners LLP trimmed its holdings in shares of CubeSmart (NYSE:CUBE) by 53.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,405 shares of the real estate investment trust’s stock after selling 56,111 shares during the period. GSA Capital Partners LLP’s holdings in CubeSmart were worth $1,592,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Westwood Holdings Group Inc. boosted its holdings in CubeSmart by 4.1% during the first quarter. Westwood Holdings Group Inc. now owns 44,532 shares of the real estate investment trust’s stock worth $1,256,000 after buying an additional 1,750 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in CubeSmart by 13.3% during the first quarter. United Capital Financial Advisers LLC now owns 16,699 shares of the real estate investment trust’s stock worth $471,000 after buying an additional 1,959 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in CubeSmart by 7.9% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 28,816 shares of the real estate investment trust’s stock worth $813,000 after buying an additional 2,119 shares in the last quarter. Tdam USA Inc. boosted its holdings in CubeSmart by 6.4% during the first quarter. Tdam USA Inc. now owns 39,809 shares of the real estate investment trust’s stock worth $1,123,000 after buying an additional 2,410 shares in the last quarter. Finally, BTIM Corp. boosted its holdings in CubeSmart by 0.4% during the second quarter. BTIM Corp. now owns 733,189 shares of the real estate investment trust’s stock worth $23,623,000 after buying an additional 3,053 shares in the last quarter.

Shares of CUBE opened at $30.43 on Friday. The firm has a market capitalization of $5.71 billion, a P/E ratio of 19.14, a PEG ratio of 3.75 and a beta of 0.07. CubeSmart has a one year low of $24.35 and a one year high of $33.18. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.94.

CubeSmart (NYSE:CUBE) last announced its earnings results on Thursday, July 26th. The real estate investment trust reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. CubeSmart had a net margin of 25.89% and a return on equity of 9.22%. The firm had revenue of $147.82 million for the quarter, compared to the consensus estimate of $148.68 million. During the same quarter last year, the firm posted $0.39 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. research analysts expect that CubeSmart will post 1.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 3.94%. CubeSmart’s payout ratio is 75.47%.

A number of research firms recently commented on CUBE. Zacks Investment Research raised shares of CubeSmart from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, July 4th. BMO Capital Markets reaffirmed a “buy” rating and issued a $32.00 price objective on shares of CubeSmart in a research note on Friday, July 27th. SunTrust Banks set a $32.00 target price on shares of CubeSmart and gave the company a “hold” rating in a research note on Tuesday, August 7th. ValuEngine lowered shares of CubeSmart from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Jefferies Financial Group lowered shares of CubeSmart from a “buy” rating to a “hold” rating and set a $37.00 target price for the company. in a research note on Tuesday, July 17th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.36.

CubeSmart Company 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 2018 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

Further Reading: Outstanding Shares

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Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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