Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Holdings in CubeSmart $CUBE

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in CubeSmart by 30.1% in Q4, selling 72,956 shares and retaining 169,127 shares (about 0.07% of CUBE) worth $6.10 million.
• Insider Jeffrey P. Foster sold 23,148 shares on March 3 at an average price of $41.02 for roughly $949,531, a 10.14% reduction in his position; insiders now own 1.76% of the company.
• CubeSmart recently paid a quarterly dividend of $0.53 ($2.12 annualized) for a 5.4% yield146.21%, indicating payout pressure.

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in CubeSmart (NYSE:CUBE - Free Report) by 30.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,127 shares of the real estate investment trust's stock after selling 72,956 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of CubeSmart worth $6,097,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CubeSmart by 1.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 180,108 shares of the real estate investment trust's stock valued at $6,493,000 after purchasing an additional 2,051 shares during the last quarter. Lecap Asset Management Ltd. boosted its holdings in CubeSmart by 190.3% in the fourth quarter. Lecap Asset Management Ltd. now owns 34,497 shares of the real estate investment trust's stock valued at $1,244,000 after purchasing an additional 22,615 shares during the last quarter. Moran Wealth Management LLC boosted its holdings in CubeSmart by 5.2% in the fourth quarter. Moran Wealth Management LLC now owns 32,807 shares of the real estate investment trust's stock valued at $1,183,000 after purchasing an additional 1,624 shares during the last quarter. Merit Financial Group LLC boosted its holdings in CubeSmart by 47.8% in the fourth quarter. Merit Financial Group LLC now owns 16,197 shares of the real estate investment trust's stock valued at $584,000 after purchasing an additional 5,240 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in CubeSmart by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,665 shares of the real estate investment trust's stock worth $240,000 after buying an additional 1,672 shares during the last quarter. Hedge funds and other institutional investors own 97.61% of the company's stock.

Insider Buying and Selling at CubeSmart

In related news, insider Jeffrey P. Foster sold 23,148 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $41.02, for a total value of $949,530.96. Following the sale, the insider directly owned 205,057 shares in the company, valued at $8,411,438.14. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.76% of the company's stock.

CubeSmart Stock Down 1.2%

Shares of CubeSmart stock opened at $39.05 on Tuesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.24. The business's 50 day simple moving average is $38.77 and its 200-day simple moving average is $38.13. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 26.93 and a beta of 1.13. CubeSmart has a twelve month low of $35.09 and a twelve month high of $44.13.

CubeSmart Dividend Announcement

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

Analyst Ratings Changes

CUBE has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their target price on CubeSmart from $43.00 to $46.00 and gave the stock an "outperform" rating in a report on Monday, March 2nd. Barclays increased their target price on CubeSmart from $43.00 to $45.00 and gave the stock an "equal weight" rating in a report on Thursday, March 5th. Wells Fargo & Company reduced their target price on CubeSmart from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft downgraded CubeSmart from a "buy" rating to a "hold" rating and set a $40.00 target price on the stock. in a report on Tuesday, January 20th. Finally, BNP Paribas Exane raised CubeSmart from a "neutral" rating to an "outperform" rating and set a $43.00 target price on the stock in a report on Wednesday, March 18th. Six investment 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, CubeSmart currently has an average rating of "Hold" and an average target price of $43.57.

About CubeSmart

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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