2 weeks Ago By Defense World Staff
Cerity Partners LLC lessened its stake in shares of CubeSmart ( NYSE:CUBE – Free Report ) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,059 shares of the real estate investment trust’s stock after selling 709 shares during the quarter.
Cerity Partners LLC’s holdings in CubeSmart were worth $217,000 at the end of the most recent reporting period. Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of CubeSmart in the fourth quarter valued at $408,064,000.
Raymond James Financial Inc. purchased a new position in CubeSmart in the 4th quarter valued at about $21,278,000. Oak Thistle LLC lifted its holdings in CubeSmart by 232.
9% in the 4th quarter. Oak Thistle LLC now owns 32,280 shares of the real estate investment trust’s stock valued at $1,383,000 after purchasing an additional 22,582 shares in the last quarter. LPL Financial LLC boosted its stake in shares of CubeSmart by 19.
2% during the 4th quarter. LPL Financial LLC now owns 108,610 shares of the real estate investment trust’s stock worth $4,654,000 after purchasing an additional 17,518 shares during the last quarter. Finally, JPMorgan Chase & Co.
grew its holdings in shares of CubeSmart by 8.9% during the fourth quarter. JPMorgan Chase & Co.
now owns 4,299,460 shares of the real estate investment trust’s stock worth $184,232,000 after buying an additional 352,754 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.
Wall Street Analysts Forecast Growth A number of analysts recently issued reports on CUBE shares. Scotiabank lowered shares of CubeSmart from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $52.00 to $46.
00 in a research report on Wednesday, March 5th. Jefferies Financial Group cut CubeSmart from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $57.00 to $46.
00 in a report on Thursday, January 2nd. Truist Financial raised CubeSmart from a “hold” rating to a “buy” rating and lowered their price objective for the company from $50.00 to $47.
00 in a research report on Friday, January 17th. Mizuho began coverage on CubeSmart in a research report on Wednesday, April 9th. They set a “neutral” rating and a $39.
00 target price on the stock. Finally, Royal Bank of Canada decreased their price target on CubeSmart from $53.00 to $48.
00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, CubeSmart presently has an average rating of “Hold” and a consensus price target of $47.
31. CubeSmart Stock Performance NYSE:CUBE opened at $39.94 on Friday.
The firm’s fifty day simple moving average is $40.72 and its 200 day simple moving average is $43.81.
The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.
02. CubeSmart has a twelve month low of $34.24 and a twelve month high of $55.
14. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 22.
57, a PEG ratio of 11.58 and a beta of 0.85.
CubeSmart ( NYSE:CUBE – Get Free Report ) last issued its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.
45 by $0.23. CubeSmart had a return on equity of 14.
33% and a net margin of 37.79%. The company had revenue of $231.
41 million for the quarter, compared to analysts’ expectations of $267.54 million. As a group, equities research analysts expect that CubeSmart will post 2.
64 earnings per share for the current fiscal year. CubeSmart Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.
52 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.
08 annualized dividend and a dividend yield of 5.21%. CubeSmart’s dividend payout ratio (DPR) is presently 120.
93%. About CubeSmart ( 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. Recommended Stories Five stocks we like better than CubeSmart 3 Warren Buffett Stocks to Buy Now 2 Strong Utilities Plays With Booming Earnings and Room to Grow Low PE Growth Stocks: Unlocking Investment Opportunities Why Smart Investors Don’t Panic in Election Season What Investors Need to Know to Beat the Market Now Is the Time to Buy ServiceNow—The Rebound Is Real Receive News & Ratings for CubeSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CubeSmart and related companies with MarketBeat.com's FREE daily email newsletter .
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