Xact Kapitalforvaltning AB raised its holdings in shares of CubeSmart (NYSE:CUBE) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,034 shares of the real estate investment trust’s stock after purchasing an additional 4,600 shares during the period. Xact Kapitalforvaltning AB’s holdings in CubeSmart were worth $833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of CubeSmart by 2.2% during the third quarter. Vanguard Group Inc. now owns 28,282,874 shares of the real estate investment trust’s stock valued at $806,910,000 after purchasing an additional 603,875 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of CubeSmart by 2.2% during the third quarter. Vanguard Group Inc now owns 28,282,874 shares of the real estate investment trust’s stock valued at $806,910,000 after buying an additional 603,875 shares during the last quarter. BlackRock Inc. grew its holdings in shares of CubeSmart by 2.0% during the third quarter. BlackRock Inc. now owns 13,896,899 shares of the real estate investment trust’s stock valued at $396,479,000 after buying an additional 267,274 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of CubeSmart by 170.7% during the third quarter. Alliancebernstein L.P. now owns 9,565,516 shares of the real estate investment trust’s stock valued at $272,904,000 after buying an additional 6,031,338 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of CubeSmart by 77.5% during the third quarter. JPMorgan Chase & Co. now owns 3,910,336 shares of the real estate investment trust’s stock valued at $111,561,000 after buying an additional 1,707,863 shares during the last quarter.

CUBE stock traded up $0.04 on Monday, hitting $31.38. The company had a trading volume of 238,080 shares, compared to its average volume of 1,170,777. CubeSmart has a 12-month low of $25.34 and a 12-month high of $33.18. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $5.84 billion, a P/E ratio of 19.74, a P/E/G ratio of 3.11 and a beta of 0.31.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd were issued a $0.32 dividend. The ex-dividend date was Monday, December 31st. This represents a $1.28 annualized dividend and a yield of 4.08%. This is a boost from CubeSmart’s previous quarterly dividend of $0.30. CubeSmart’s dividend payout ratio (DPR) is currently 80.50%.

A number of equities research analysts have recently commented on CUBE shares. BMO Capital Markets reiterated a “buy” rating and set a $30.00 price target on shares of CubeSmart in a report on Thursday, October 25th. Zacks Investment Research upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Bank of America upgraded shares of CubeSmart from a “neutral” rating to a “buy” rating and set a $25.22 price target on the stock in a report on Thursday, November 15th. Finally, ValuEngine upgraded shares of CubeSmart from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $31.91.

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About CubeSmart

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 secure storage space for residential and commercial customers. According to the 2018 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

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Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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