Measured Risk Portfolios Inc. Purchases New Position in CubeSmart $CUBE

Measured Risk Portfolios Inc. acquired a new position in shares of CubeSmart (NYSE:CUBE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,459 shares of the real estate investment trust’s stock, valued at approximately $2,336,000. CubeSmart comprises about 2.2% of Measured Risk Portfolios Inc.’s holdings, making the stock its 14th biggest holding.

Several other hedge funds also recently modified their holdings of the company. True Wealth Design LLC grew its position in CubeSmart by 308.2% during the 2nd quarter. True Wealth Design LLC now owns 694 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 524 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of CubeSmart by 209.6% during the third quarter. Private Trust Co. NA now owns 706 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 478 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 568 shares during the last quarter. SJS Investment Consulting Inc. acquired a new stake in shares of CubeSmart in the third quarter valued at $42,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of CubeSmart by 1,776.1% in the second quarter. Hantz Financial Services Inc. now owns 1,651 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 1,563 shares during the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart Stock Performance

CUBE stock opened at $35.40 on Friday. CubeSmart has a twelve month low of $34.24 and a twelve month high of $44.13. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.22. The company has a market cap of $8.07 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 7.83 and a beta of 1.11. The business’s fifty day moving average is $36.79 and its 200-day moving average is $39.55.

CubeSmart (NYSE:CUBE) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. CubeSmart had a return on equity of 12.49% and a net margin of 33.31%.The business had revenue of $285.08 million during the quarter, compared to the consensus estimate of $282.57 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. Equities research analysts forecast that CubeSmart will post 2.64 EPS for the current year.

CubeSmart Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, January 2nd. This is a boost from CubeSmart’s previous quarterly dividend of $0.52. CubeSmart’s dividend payout ratio (DPR) is 135.90%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Truist Financial decreased their price objective on shares of CubeSmart from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c)” rating on shares of CubeSmart in a report on Wednesday, October 8th. Wall Street Zen downgraded CubeSmart from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group lowered their target price on CubeSmart from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of CubeSmart in a research note on Monday, December 8th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.20.

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.