Universal Beteiligungs und Servicegesellschaft mbH Has $9.84 Million Position in CubeSmart $CUBE

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of CubeSmart (NYSE:CUBE) by 12.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 242,083 shares of the real estate investment trust’s stock after selling 34,740 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of CubeSmart worth $9,843,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of CubeSmart during the 2nd quarter valued at $458,008,000. Aew Capital Management L P boosted its position in CubeSmart by 164,585.0% during the second quarter. Aew Capital Management L P now owns 658,740 shares of the real estate investment trust’s stock valued at $27,996,000 after purchasing an additional 658,340 shares during the last quarter. Hazelview Securities Inc. purchased a new position in CubeSmart in the second quarter valued at about $21,643,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in CubeSmart by 13,418.0% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 429,738 shares of the real estate investment trust’s stock valued at $18,264,000 after purchasing an additional 426,559 shares in the last quarter. Finally, Engineers Gate Manager LP increased its position in CubeSmart by 4,329.6% in the 2nd quarter. Engineers Gate Manager LP now owns 363,224 shares of the real estate investment trust’s stock worth $15,437,000 after purchasing an additional 355,024 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Price Performance

Shares of CubeSmart stock opened at $38.21 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.22. The firm has a fifty day simple moving average of $36.79 and a 200-day simple moving average of $39.04. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 8.41 and a beta of 1.11. CubeSmart has a 1-year low of $34.24 and a 1-year high of $44.13.

CubeSmart (NYSE:CUBE) last announced its earnings results on Friday, October 31st. The real estate investment trust reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. The firm had revenue of $285.08 million for the quarter, compared to the consensus estimate of $282.57 million. CubeSmart had a net margin of 33.31% and a return on equity of 12.49%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. On average, sell-side analysts expect that CubeSmart will post 2.64 earnings per share for the current year.

CubeSmart Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.12 annualized dividend and a dividend yield of 5.5%. This is a boost from CubeSmart’s previous quarterly dividend of $0.52. CubeSmart’s payout ratio is presently 135.90%.

Analysts Set New Price Targets

CUBE has been the subject of several research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of CubeSmart in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft cut shares of CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Tuesday. KeyCorp restated a “sector weight” rating on shares of CubeSmart in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CubeSmart in a research note on Wednesday, October 8th. Finally, Barclays decreased their price objective on shares of CubeSmart from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.40.

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.