CubeSmart (NYSE:CUBE) CFO Timothy M. Martin sold 57,746 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $29.41, for a total transaction of $1,698,309.86. Following the transaction, the chief financial officer now directly owns 211,694 shares of the company’s stock, valued at approximately $6,225,920.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CubeSmart (CUBE) traded up $0.15 on Monday, reaching $29.39. 3,020,000 shares of the company’s stock traded hands, compared to its average volume of 1,640,030. CubeSmart has a 12-month low of $22.83 and a 12-month high of $29.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $5,316.09, a P/E ratio of 18.96, a P/E/G ratio of 3.80 and a beta of 0.22.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a $0.30 dividend. This is an increase from CubeSmart’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Friday, December 29th. CubeSmart’s payout ratio is 163.64%.

A number of brokerages recently weighed in on CUBE. B. Riley reissued a “buy” rating on shares of CubeSmart in a research note on Wednesday, November 1st. BidaskClub raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research note on Saturday, September 16th. Raymond James Financial downgraded shares of CubeSmart from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. Robert W. Baird reissued a “buy” rating and set a $27.00 target price on shares of CubeSmart in a research note on Tuesday, October 17th. Finally, Evercore ISI reissued an “outperform” rating and set a $28.00 target price (up previously from $27.00) on shares of CubeSmart in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.60.

Institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its holdings in shares of CubeSmart by 10.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,782,647 shares of the real estate investment trust’s stock valued at $42,855,000 after buying an additional 168,284 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of CubeSmart by 2.9% during the third quarter. Prudential Financial Inc. now owns 3,051,854 shares of the real estate investment trust’s stock valued at $79,226,000 after buying an additional 84,926 shares during the last quarter. Northern Trust Corp grew its holdings in shares of CubeSmart by 7.0% during the second quarter. Northern Trust Corp now owns 1,747,835 shares of the real estate investment trust’s stock valued at $42,018,000 after buying an additional 113,864 shares during the last quarter. Numeric Investors LLC acquired a new position in shares of CubeSmart during the second quarter valued at about $1,231,000. Finally, Century Capital Management LLC grew its holdings in shares of CubeSmart by 12.3% during the second quarter. Century Capital Management LLC now owns 152,350 shares of the real estate investment trust’s stock valued at $3,662,000 after buying an additional 16,665 shares during the last quarter.

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About CubeSmart

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.

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