Dimensional Fund Advisors LP boosted its position in shares of CubeSmart (NYSE:CUBE) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,547,082 shares of the real estate investment trust’s stock after acquiring an additional 133,679 shares during the period. Dimensional Fund Advisors LP owned 1.41% of CubeSmart worth $61,231,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CUBE. BlackRock Inc. lifted its position in CubeSmart by 4,480.2% during the 1st quarter. BlackRock Inc. now owns 12,129,727 shares of the real estate investment trust’s stock worth $314,886,000 after acquiring an additional 11,864,899 shares during the last quarter. Cbre Clarion Securities LLC lifted its position in CubeSmart by 62.1% during the 2nd quarter. Cbre Clarion Securities LLC now owns 6,324,509 shares of the real estate investment trust’s stock worth $152,041,000 after acquiring an additional 2,423,464 shares during the last quarter. Bank of New York Mellon Corp lifted its position in CubeSmart by 12.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,672,676 shares of the real estate investment trust’s stock worth $280,612,000 after acquiring an additional 1,335,665 shares during the last quarter. Kempen Capital Management N.V. lifted its position in CubeSmart by 962.3% during the 2nd quarter. Kempen Capital Management N.V. now owns 1,182,549 shares of the real estate investment trust’s stock worth $28,430,000 after acquiring an additional 1,071,232 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in CubeSmart by 36.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,702,262 shares of the real estate investment trust’s stock worth $89,002,000 after acquiring an additional 980,490 shares during the last quarter.

CUBE has been the subject of a number of research analyst reports. Jefferies Group LLC set a $30.00 target price on shares of CubeSmart and gave the stock a “buy” rating in a research report on Friday, August 18th. KeyCorp reissued a “hold” rating on shares of CubeSmart in a research report on Friday, August 25th. BidaskClub raised shares of CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. Raymond James Financial, Inc. lowered shares of CubeSmart from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Finally, UBS AG lowered shares of CubeSmart from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.29.

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Shares of CubeSmart (CUBE) opened at 26.42 on Friday. CubeSmart has a 1-year low of $22.83 and a 1-year high of $28.06. The company has a market cap of $4.76 billion, a PE ratio of 45.63 and a beta of 0.19. The company has a 50-day moving average of $25.85 and a 200-day moving average of $25.13.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. CubeSmart had a net margin of 20.36% and a return on equity of 6.65%. The business had revenue of $138.60 million during the quarter, compared to analysts’ expectations of $138.07 million. During the same quarter in the previous year, the company earned $0.36 EPS. The business’s revenue was up 9.6% on a year-over-year basis. Equities analysts forecast that CubeSmart will post $0.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Friday, September 29th. CubeSmart’s dividend payout ratio (DPR) is 186.21%.

CubeSmart Company 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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