CubeSmart $CUBE Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in CubeSmart (NYSE:CUBE) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,500 shares of the real estate investment trust’s stock after acquiring an additional 20,000 shares during the period. Robeco Institutional Asset Management B.V. owned 0.11% of CubeSmart worth $9,103,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Diamond Hill Capital Management Inc. increased its position in CubeSmart by 4.4% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,813,777 shares of the real estate investment trust’s stock worth $73,748,000 after purchasing an additional 75,855 shares during the period. Retirement Systems of Alabama increased its position in CubeSmart by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 639,109 shares of the real estate investment trust’s stock worth $25,986,000 after purchasing an additional 32,697 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in CubeSmart by 817.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 98,298 shares of the real estate investment trust’s stock worth $3,936,000 after purchasing an additional 87,589 shares during the period. Davidson Investment Advisors increased its position in CubeSmart by 29.3% during the 3rd quarter. Davidson Investment Advisors now owns 460,024 shares of the real estate investment trust’s stock worth $18,705,000 after purchasing an additional 104,283 shares during the period. Finally, Pacific Heights Asset Management LLC acquired a new position in CubeSmart during the 3rd quarter worth approximately $12,198,000. Institutional investors and hedge funds own 97.61% of the company’s stock.

Insider Transactions at CubeSmart

In related news, insider Jeffrey P. Foster sold 23,148 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total value of $949,530.96. Following the sale, the insider owned 205,057 shares of the company’s stock, valued at approximately $8,411,438.14. This represents a 10.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.69% of the company’s stock.

CubeSmart Stock Performance

CUBE opened at $38.94 on Thursday. The stock has a market cap of $8.88 billion, a P/E ratio of 26.85 and a beta of 1.13. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.04 and a quick ratio of 0.04. The stock’s 50 day simple moving average is $38.62 and its 200 day simple moving average is $38.19. CubeSmart has a 1-year low of $35.09 and a 1-year high of $44.13.

CubeSmart Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were paid a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.12 dividend on an annualized basis and a yield of 5.4%. CubeSmart’s dividend payout ratio is presently 146.21%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CUBE. Scotiabank upgraded CubeSmart to a “hold” rating in a research report on Thursday, March 19th. UBS Group dropped their target price on CubeSmart from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Wolfe Research cut CubeSmart from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 26th. Royal Bank Of Canada boosted their target price on CubeSmart from $43.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen cut CubeSmart from a “hold” rating to a “sell” rating in a research report on Sunday, March 1st. Six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, CubeSmart presently has an average rating of “Hold” and an average price target of $43.64.

About CubeSmart

CubeSmart (NYSE: CUBE) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company’s portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart’s facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.