CubeSmart (NYSE:CUBE) was the target of unusually large options trading on Tuesday. Investors purchased 1,000 put options on the stock. This is an increase of 1,718% compared to the typical daily volume of 55 put options.
In other CubeSmart news, SVP Jonathan L. Perry sold 20,270 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $29.37, for a total value of $595,329.90. Following the transaction, the senior vice president now directly owns 67,197 shares of the company’s stock, valued at $1,973,575.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy M. Martin sold 83,409 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 228,948 shares in the company, valued at $6,712,755.36. The disclosure for this sale can be found here. Insiders sold 167,425 shares of company stock worth $4,915,172 over the last three months. Insiders own 1.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. raised its stake in CubeSmart by 2.9% during the 3rd quarter. Prudential Financial Inc. now owns 3,051,854 shares of the real estate investment trust’s stock valued at $79,226,000 after purchasing an additional 84,926 shares during the period. Northern Trust Corp raised its stake in CubeSmart by 7.0% during the 2nd quarter. Northern Trust Corp now owns 1,747,835 shares of the real estate investment trust’s stock valued at $42,018,000 after purchasing an additional 113,864 shares during the period. Numeric Investors LLC bought a new stake in CubeSmart during the 2nd quarter valued at approximately $1,231,000. AMP Capital Investors Ltd raised its stake in CubeSmart by 77.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 113,841 shares of the real estate investment trust’s stock valued at $2,955,000 after purchasing an additional 49,800 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in CubeSmart by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,938,960 shares of the real estate investment trust’s stock valued at $102,453,000 after purchasing an additional 293,101 shares during the period.
CubeSmart (CUBE) opened at $26.97 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.07 and a quick ratio of 0.07. CubeSmart has a 12 month low of $22.83 and a 12 month high of $29.79. The company has a market capitalization of $4,952.53, a PE ratio of 40.86, a PEG ratio of 3.36 and a beta of 0.22.
CubeSmart (NYSE:CUBE) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.22 EPS for the quarter, missing the 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 expect that CubeSmart will post 1.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.45%. The ex-dividend date was Friday, December 29th. This is an increase from CubeSmart’s previous quarterly dividend of $0.27. CubeSmart’s dividend payout ratio (DPR) is 181.82%.
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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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