Schroder Investment Management Group Purchases 51,024 Shares of CubeSmart (CUBE)

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.

A number of research firms have weighed in on CUBE. Robert W. Baird lowered CubeSmart from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $27.00 to $29.00 in a report on Tuesday, November 28th. B. Riley set a $32.00 target price on CubeSmart and gave the company a “buy” rating in a report on Tuesday, November 14th. BidaskClub raised CubeSmart from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Jefferies Group set a $33.00 target price on CubeSmart and gave the company a “buy” rating in a report on Tuesday, November 28th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $27.00 target price on shares of CubeSmart in a report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. CubeSmart currently has an average rating of “Hold” and an average price target of $28.60.

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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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Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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