Campbell & CO Investment Adviser LLC Sells 13,441 Shares of CubeSmart $CUBE

Campbell & CO Investment Adviser LLC trimmed its stake in shares of CubeSmart (NYSE:CUBE) by 39.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,504 shares of the real estate investment trust’s stock after selling 13,441 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in CubeSmart were worth $871,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. True Wealth Design LLC boosted its holdings in shares of CubeSmart by 308.2% during the 2nd quarter. True Wealth Design LLC now owns 694 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 524 shares during the period. Allworth Financial LP lifted its position in CubeSmart by 115.2% during the first quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 501 shares during the last quarter. IFP Advisors Inc lifted its position in CubeSmart by 737.2% during the second quarter. IFP Advisors Inc now owns 1,532 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 1,349 shares during the last quarter. Covestor Ltd boosted its holdings in shares of CubeSmart by 22.8% during the first quarter. Covestor Ltd now owns 1,575 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 292 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of CubeSmart by 1,776.1% in the second quarter. Hantz Financial Services Inc. now owns 1,651 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,563 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors and hedge funds.

CubeSmart Stock Performance

NYSE:CUBE opened at $36.59 on Friday. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 8.91 and a beta of 0.99. CubeSmart has a fifty-two week low of $34.24 and a fifty-two week high of $50.69. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a fifty day moving average price of $40.08 and a 200-day moving average price of $41.08.

CubeSmart (NYSE:CUBE) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. CubeSmart had a return on equity of 13.12% and a net margin of 35.44%.The business had revenue of $285.08 million during the quarter, compared to the consensus estimate of $282.57 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. CubeSmart’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that CubeSmart will post 2.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on CUBE shares. Evercore ISI dropped their price target on CubeSmart from $49.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft set a $45.00 price objective on CubeSmart and gave the stock a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, October 8th. UBS Group decreased their price target on shares of CubeSmart from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Finally, Wall Street Zen upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Seven investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $45.94.

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, 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.