CubeSmart (NYSE:CUBE) Stake Lifted by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC increased its position in CubeSmart (NYSE:CUBEFree Report) by 11.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,980 shares of the real estate investment trust’s stock after acquiring an additional 731 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in CubeSmart were worth $323,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CUBE. Quarry LP acquired a new position in shares of CubeSmart in the 2nd quarter valued at $37,000. Sunbelt Securities Inc. acquired a new position in shares of CubeSmart in the 1st quarter valued at $46,000. Covestor Ltd boosted its position in shares of CubeSmart by 65.8% in the 3rd quarter. Covestor Ltd now owns 1,444 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 573 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of CubeSmart by 59.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,591 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 591 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of CubeSmart by 41.7% in the 2nd quarter. Lazard Asset Management LLC now owns 2,014 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 593 shares during the period. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Stock Down 1.0 %

CUBE opened at $44.56 on Wednesday. The business has a 50-day moving average of $43.95 and a 200-day moving average of $41.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.04 and a quick ratio of 0.04. CubeSmart has a fifty-two week low of $33.17 and a fifty-two week high of $48.93. The company has a market capitalization of $10.02 billion, a PE ratio of 24.62 and a beta of 0.69.

CubeSmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Thursday, March 28th. CubeSmart’s payout ratio is 112.71%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays initiated coverage on CubeSmart in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $48.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on CubeSmart in a research report on Tuesday, January 30th. They set a “sell” rating and a $40.00 price objective for the company. Raymond James restated an “outperform” rating and set a $48.00 price objective on shares of CubeSmart in a research report on Thursday, March 28th. BMO Capital Markets upgraded CubeSmart from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $46.00 to $49.00 in a research report on Friday, December 15th. Finally, Evercore ISI raised their price objective on CubeSmart from $43.00 to $45.00 and gave the stock an “in-line” rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.00.

View Our Latest Research Report on CUBE

CubeSmart Profile

(Free Report)

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, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

See Also

Want to see what other hedge funds are holding CUBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CubeSmart (NYSE:CUBEFree Report).

Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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