CubeSmart (CUBE) Stake Lessened by Advantus Capital Management Inc

Advantus Capital Management Inc decreased its position in CubeSmart (NYSE:CUBE) by 67.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,201 shares of the real estate investment trust’s stock after selling 257,200 shares during the quarter. Advantus Capital Management Inc owned approximately 67,559.16% of CubeSmart worth $3,172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its position in CubeSmart by 5.4% during the second quarter. BlackRock Inc. now owns 12,780,418 shares of the real estate investment trust’s stock valued at $307,242,000 after buying an additional 650,691 shares during the period. Bank of New York Mellon Corp grew its position in CubeSmart by 12.9% during the second quarter. Bank of New York Mellon Corp now owns 11,672,676 shares of the real estate investment trust’s stock valued at $280,612,000 after buying an additional 1,335,665 shares during the period. Lasalle Investment Management Securities LLC grew its position in CubeSmart by 5.9% during the second quarter. Lasalle Investment Management Securities LLC now owns 10,264,646 shares of the real estate investment trust’s stock valued at $246,762,000 after buying an additional 569,240 shares during the period. Principal Financial Group Inc. grew its position in CubeSmart by 5.2% during the third quarter. Principal Financial Group Inc. now owns 7,403,963 shares of the real estate investment trust’s stock valued at $192,207,000 after buying an additional 363,927 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in CubeSmart by 43,425.1% during the third quarter. Daiwa Securities Group Inc. now owns 7,094,592 shares of the real estate investment trust’s stock valued at $184,176,000 after buying an additional 7,078,292 shares during the period.

Several research firms recently weighed in on CUBE. BidaskClub upgraded shares of CubeSmart from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Jefferies Group LLC restated a “buy” rating and set a $30.00 price target on shares of CubeSmart in a research report on Tuesday, October 24th. SunTrust Banks, Inc. restated a “hold” rating and set a $25.00 price target on shares of CubeSmart in a research report on Friday, October 27th. FBR & Co reiterated a “buy” rating and set a $32.00 target price on shares of CubeSmart in a research report on Friday, October 27th. Finally, Raymond James Financial, Inc. lowered shares of CubeSmart from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.67.

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CubeSmart (CUBE) opened at $29.09 on Friday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.00. The firm has a market cap of $5,234.71, a PE ratio of 18.67, a price-to-earnings-growth ratio of 3.74 and a beta of 0.20. CubeSmart has a 1 year low of $22.83 and a 1 year high of $29.37.

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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