Sei Investments Co. increased its position in CubeSmart (NYSE:CUBE) by 22.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 991,184 shares of the company’s stock after buying an additional 183,989 shares during the period. Sei Investments Co. owned about 0.55% of CubeSmart worth $27,019,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. RS Investment Management Co. LLC boosted its stake in CubeSmart by 16.3% in the second quarter. RS Investment Management Co. LLC now owns 725,470 shares of the company’s stock valued at $22,403,000 after buying an additional 101,596 shares during the last quarter. Resolution Capital Ltd boosted its stake in shares of CubeSmart by 50.2% in the second quarter. Resolution Capital Ltd now owns 1,555,035 shares of the company’s stock worth $48,019,000 after buying an additional 519,764 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of CubeSmart by 1.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 380,893 shares of the company’s stock worth $11,762,000 after buying an additional 5,696 shares in the last quarter. Capital Analysts LLC boosted its stake in shares of CubeSmart by 812.9% in the second quarter. Capital Analysts LLC now owns 21,380 shares of the company’s stock worth $537,000 after buying an additional 19,038 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of CubeSmart by 233.6% in the first quarter. Panagora Asset Management Inc. now owns 640,391 shares of the company’s stock worth $21,325,000 after buying an additional 448,426 shares in the last quarter.
Shares of CubeSmart (NYSE:CUBE) traded up 0.7368% on Friday, reaching $24.4589. The company had a trading volume of 249,671 shares. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 46.8561 and a beta of 0.34. CubeSmart has a 12 month low of $23.65 and a 12 month high of $33.52. The stock has a 50 day moving average price of $25.56 and a 200-day moving average price of $28.45.
CubeSmart (NYSE:CUBE) last issued its earnings results on Thursday, October 27th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The company earned $132.10 million during the quarter, compared to analyst estimates of $131.19 million. CubeSmart had a return on equity of 5.84% and a net margin of 19.93%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. Analysts forecast that CubeSmart will post $1.41 EPS for the current fiscal year.
A number of brokerages have weighed in on CUBE. Zacks Investment Research upgraded CubeSmart from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, November 16th. Cantor Fitzgerald reiterated a “buy” rating on shares of CubeSmart in a research note on Friday, October 28th. FBR & Co reiterated a “buy” rating and issued a $32.00 price objective on shares of CubeSmart in a research note on Friday, October 28th. Jefferies Group reduced their price objective on CubeSmart from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Finally, Evercore ISI cut CubeSmart from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. CubeSmart presently has a consensus rating of “Buy” and a consensus target price of $33.11.
In other news, Director William M. Diefenderfer III sold 2,961 shares of CubeSmart stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $27.25, for a total value of $80,687.25. Following the completion of the transaction, the director now owns 128,486 shares in the company, valued at approximately $3,501,243.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.13% of the stock is owned by insiders.