Schroder Investment Management Group increased its position in CubeSmart (NYSE:CUBE) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 948,277 shares of the real estate investment trust’s stock after acquiring an additional 51,024 shares during the quarter. Schroder Investment Management Group owned about 0.52% of CubeSmart worth $24,665,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in CubeSmart by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,341 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 370 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in CubeSmart by 3.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,568 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 283 shares in the last quarter. World Asset Management Inc purchased a new position in CubeSmart during the 3rd quarter valued at about $200,000. Comerica Bank purchased a new position in CubeSmart during the 3rd quarter valued at about $220,000. Finally, Profund Advisors LLC purchased a new position in CubeSmart during the 2nd quarter valued at about $214,000.
CubeSmart (NYSE CUBE) opened at $28.88 on Monday. CubeSmart has a twelve month low of $22.83 and a twelve 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 $5,223.85, a PE ratio of 18.63, a PEG ratio of 3.72 and a beta of 0.22.
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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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