CubeSmart (CUBE) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its position in CubeSmart (NYSE:CUBE) by 92.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,530 shares of the real estate investment trust’s stock after buying an additional 83,530 shares during the quarter. Sterling Capital Management LLC’s holdings in CubeSmart were worth $5,018,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CUBE. American International Group Inc. acquired a new position in CubeSmart in the 4th quarter valued at $119,000. The Manufacturers Life Insurance Company grew its stake in CubeSmart by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,341 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 370 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in CubeSmart in the 3rd quarter valued at $211,000. Comerica Bank acquired a new position in CubeSmart in the 3rd quarter valued at $220,000. Finally, Shelton Capital Management acquired a new position in CubeSmart in the 4th quarter valued at $249,000.

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A number of research analysts recently issued reports on CUBE shares. Robert W. Baird lowered shares of CubeSmart from an “outperform” rating to a “neutral” rating and raised their target price for the company from $27.00 to $29.00 in a research note on Tuesday, November 28th. Jefferies Group set a $33.00 target price on shares of CubeSmart and gave the company a “buy” rating in a research note on Tuesday, November 28th. Zacks Investment Research upgraded shares of CubeSmart from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Monday, December 18th. B. Riley set a $32.00 target price on shares of CubeSmart and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, SunTrust Banks set a $31.00 target price on shares of CubeSmart and gave the company a “hold” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. CubeSmart presently has an average rating of “Hold” and an average price target of $30.00.

Shares of CubeSmart (NYSE CUBE) opened at $27.46 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.00. CubeSmart has a 1-year low of $22.83 and a 1-year high of $29.79. The firm has a market cap of $5,054.56, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 3.53 and a beta of 0.17.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. CubeSmart had a net margin of 24.02% and a return on equity of 8.39%. The firm had revenue of $143.48 million during the quarter, compared to the consensus estimate of $143.18 million. During the same period in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 8.3% on a year-over-year basis. equities research analysts predict that CubeSmart will post 1.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Thursday, March 29th. CubeSmart’s payout ratio is 160.00%.

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CubeSmart Company Profile

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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Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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