B&I Capital AG Sells 32,350 Shares of CubeSmart $CUBE

Key Points

• B&I Capital AG reduced its stake in CubeSmart by 11.7% in Q4, selling 32,350 shares and now holds 243,840 shares (about 0.11% of CubeSmart, valued at $8.79 million).
• Several large institutions materially increased positions—Alyeska, CBRE and SG Americas among them—leaving 97.61% institutional ownership; insider Jeffrey P. Foster also sold 23,148 shares (a 10.14% reduction), with insiders now owning 1.69%.
• CubeSmart pays a quarterly dividend of $0.53 (annualized $2.12) for a 5.4% yield

B&I Capital AG reduced its stake in CubeSmart (NYSE:CUBE - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,840 shares of the real estate investment trust's stock after selling 32,350 shares during the period. CubeSmart accounts for 3.1% of B&I Capital AG's holdings, making the stock its 13th biggest holding. B&I Capital AG owned 0.11% of CubeSmart worth $8,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CUBE. Alyeska Investment Group L.P. increased its stake in CubeSmart by 36.4% in the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust's stock valued at $174,185,000 after purchasing an additional 1,143,464 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of CubeSmart by 37.3% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,364,619 shares of the real estate investment trust's stock worth $136,805,000 after acquiring an additional 914,884 shares in the last quarter. SG Americas Securities LLC increased its position in shares of CubeSmart by 3,255.9% during the fourth quarter. SG Americas Securities LLC now owns 739,382 shares of the real estate investment trust's stock worth $26,655,000 after acquiring an additional 717,350 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of CubeSmart during the third quarter worth about $23,516,000. Finally, Engineers Gate Manager LP increased its position in shares of CubeSmart by 4,329.6% during the second quarter. Engineers Gate Manager LP now owns 363,224 shares of the real estate investment trust's stock worth $15,437,000 after acquiring an additional 355,024 shares in the last quarter. 97.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CubeSmart news, insider Jeffrey P. Foster sold 23,148 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $41.02, for a total value of $949,530.96. Following the transaction, the insider directly owned 205,057 shares in the company, valued at $8,411,438.14. The trade was a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.69% of the stock is currently owned by insiders.

CubeSmart Stock Down 1.7%

CubeSmart stock opened at $38.94 on Thursday. CubeSmart has a fifty-two week low of $35.09 and a fifty-two week high of $44.13. The stock has a market cap of $8.88 billion, a PE ratio of 26.85 and a beta of 1.13. The firm's 50-day simple moving average is $38.62 and its 200 day simple moving average is $38.19. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.04 and a current ratio of 0.04.

CubeSmart Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Wednesday, April 1st. CubeSmart's payout ratio is presently 146.21%.

Analysts Set New Price Targets

Several research firms have recently commented on CUBE. Scotiabank raised shares of CubeSmart to a "hold" rating in a research report on Thursday, March 19th. Wall Street Zen downgraded shares of CubeSmart from a "hold" rating to a "sell" rating in a research report on Sunday, March 1st. BNP Paribas Exane raised shares of CubeSmart from a "neutral" rating to an "outperform" rating and set a $43.00 target price for the company in a research report on Wednesday, March 18th. Wolfe Research downgraded shares of CubeSmart from an "outperform" rating to a "peer perform" rating in a research report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of CubeSmart from a "buy" rating to a "hold" rating and set a $40.00 target price for the company. in a research report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $43.64.

CubeSmart Profile

CubeSmart NYSE: CUBE is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company's portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart's facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.

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