CubeSmart (NYSE:CUBE) was the target of unusually large options trading on Tuesday. Stock traders purchased 1,000 put options on the company. This is an increase of approximately 1,718% compared to the typical daily volume of 55 put options.

A number of research firms have issued reports on CUBE. Zacks Investment Research downgraded CubeSmart from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. B. Riley set a $32.00 price objective on CubeSmart and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Jefferies Group set a $33.00 price objective on CubeSmart and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Robert W. Baird downgraded CubeSmart from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $27.00 to $29.00 in a research note on Tuesday, November 28th. Finally, BidaskClub raised CubeSmart from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CubeSmart presently has a consensus rating of “Hold” and an average price target of $29.00.

CubeSmart (NYSE:CUBE) opened at $26.97 on Friday. The company has a market capitalization of $4,952.53, a P/E ratio of 40.86, a PEG ratio of 3.36 and a beta of 0.22. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.00. CubeSmart has a 1-year low of $22.83 and a 1-year high of $29.79.

CubeSmart (NYSE:CUBE) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.18). CubeSmart had a return on equity of 7.58% and a net margin of 22.19%. research analysts forecast that CubeSmart will post 1.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were issued a $0.30 dividend. This is a boost from CubeSmart’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, December 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.45%. CubeSmart’s payout ratio is 181.82%.

In other CubeSmart news, CEO Christopher P. Marr sold 6,000 shares of CubeSmart stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $29.33, for a total value of $175,980.00. Following the sale, the chief executive officer now owns 410,138 shares of the company’s stock, valued at approximately $12,029,347.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Timothy M. Martin sold 83,409 shares of CubeSmart stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $29.32, for a total value of $2,445,551.88. Following the completion of the sale, the chief financial officer now directly owns 228,948 shares in the company, valued at approximately $6,712,755.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,425 shares of company stock worth $4,915,172. Corporate insiders own 1.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in CUBE. The Manufacturers Life Insurance Company boosted its holdings in shares of CubeSmart by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,341 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 370 shares during the period. Commonwealth Bank of Australia boosted its holdings in shares of CubeSmart by 3.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 7,568 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 283 shares during the period. World Asset Management Inc purchased a new position in shares of CubeSmart in the 3rd quarter worth approximately $200,000. Campbell & CO Investment Adviser LLC purchased a new position in CubeSmart during the 3rd quarter valued at $211,000. Finally, Profund Advisors LLC purchased a new position in CubeSmart during the 2nd quarter valued at $214,000.

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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.

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