American Century Companies Inc. purchased a new position in shares of CubeSmart (NYSE:CUBE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,831,618 shares of the real estate investment trust’s stock, valued at approximately $47,549,000. American Century Companies Inc. owned approximately 1.02% of CubeSmart at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in CubeSmart by 5.4% in 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 in the last quarter. Bank of New York Mellon Corp boosted its position in CubeSmart by 12.9% in 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 in the last quarter. Lasalle Investment Management Securities LLC boosted its position in CubeSmart by 5.9% in 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 in the last quarter. Cbre Clarion Securities LLC boosted its position in CubeSmart by 62.1% in the second quarter. Cbre Clarion Securities LLC now owns 6,324,509 shares of the real estate investment trust’s stock valued at $152,041,000 after buying an additional 2,423,464 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in CubeSmart by 36.0% in the second quarter. Diamond Hill Capital Management Inc. now owns 3,702,262 shares of the real estate investment trust’s stock valued at $89,002,000 after buying an additional 980,490 shares in the last quarter.

CubeSmart (CUBE) opened at $29.09 on Monday. The stock has a market cap of $5,261.84, a price-to-earnings ratio of 18.77, a PEG ratio of 3.76 and a beta of 0.20. CubeSmart has a 52 week low of $22.83 and a 52 week high of $29.37. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.07 and a current ratio of 0.07.

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A number of analysts have weighed in on the stock. B. Riley restated a “buy” rating on shares of CubeSmart in a research report on Wednesday, November 1st. BidaskClub upgraded shares of CubeSmart from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. SunTrust Banks, Inc. restated a “hold” rating and issued a $25.00 target price on shares of CubeSmart in a research report on Friday, October 27th. FBR & Co restated a “buy” rating and issued a $32.00 target price on shares of CubeSmart in a research report on Friday, October 27th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $28.00 target price on shares of CubeSmart in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. CubeSmart has an average rating of “Hold” and an average target price of $27.67.

CubeSmart 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.

Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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