CubeSmart (CUBE) Holdings Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its holdings in CubeSmart (NYSE:CUBE) by 6.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,905,053 shares of the real estate investment trust’s stock after buying an additional 122,406 shares during the period. Schwab Charles Investment Management Inc. owned about 1.05% of CubeSmart worth $49,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CUBE. Westwood Holdings Group Inc. raised its position in shares of CubeSmart by 0.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 16,790 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 155 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of CubeSmart by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 10,401 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 164 shares during the period. Commonwealth Bank of Australia boosted its position in shares of 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 worth $181,000 after purchasing an additional 283 shares during the period. GAM Holding AG boosted its position in shares of CubeSmart by 2.5% during the 2nd quarter. GAM Holding AG now owns 15,359 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 369 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in CubeSmart by 7.4% in 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 during the period.

Shares of CubeSmart (NYSE:CUBE) opened at $28.57 on Thursday. CubeSmart has a one year low of $22.83 and a one year high of $29.67. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $5,175.02, a price-to-earnings ratio of 18.46, a P/E/G ratio of 3.68 and a beta of 0.22.

Several brokerages have commented on CUBE. B. Riley reissued a “buy” rating on shares of CubeSmart in a research report on Wednesday, November 1st. Jefferies Group set a $30.00 price objective on shares of CubeSmart and gave the company a “buy” rating in a report on Friday, August 18th. BidaskClub upgraded shares of CubeSmart from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Robert W. Baird restated a “buy” rating and issued a $27.00 price objective on shares of CubeSmart in a report on Tuesday, October 17th. Finally, KeyCorp restated a “hold” rating on shares of CubeSmart in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $28.60.

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CubeSmart 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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