Quantbot Technologies LP Purchases 37,655 Shares of CubeSmart (CUBE)

Quantbot Technologies LP boosted its position in shares of CubeSmart (NYSE:CUBE) by 175.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,063 shares of the real estate investment trust’s stock after purchasing an additional 37,655 shares during the quarter. Quantbot Technologies LP’s holdings in CubeSmart were worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in CUBE. BlackRock Inc. increased its stake in shares of CubeSmart by 5.4% in the 2nd quarter. BlackRock Inc. now owns 12,780,418 shares of the real estate investment trust’s stock valued at $307,242,000 after acquiring an additional 650,691 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of CubeSmart by 8.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,630,827 shares of the real estate investment trust’s stock valued at $327,897,000 after acquiring an additional 958,151 shares during the last quarter. Lasalle Investment Management Securities LLC increased its stake in shares of CubeSmart by 5.9% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 10,264,646 shares of the real estate investment trust’s stock valued at $246,762,000 after acquiring an additional 569,240 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of CubeSmart by 5.2% in the 3rd quarter. Principal Financial Group Inc. now owns 7,403,963 shares of the real estate investment trust’s stock valued at $192,207,000 after acquiring an additional 363,927 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of CubeSmart by 43,425.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,094,592 shares of the real estate investment trust’s stock valued at $184,176,000 after acquiring an additional 7,078,292 shares during the last quarter.

Shares of CubeSmart (NYSE CUBE) opened at $29.08 on Friday. CubeSmart has a 52 week low of $22.83 and a 52 week 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 stock has a market capitalization of $5,260.02, a P/E ratio of 18.76, a P/E/G ratio of 3.76 and a beta of 0.20.

A number of brokerages have recently commented on CUBE. B. Riley set a $32.00 price target on CubeSmart and gave the company a “buy” rating in a research note on Tuesday, November 14th. BidaskClub raised CubeSmart from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $25.00 price target on shares of CubeSmart in a research note on Friday, October 27th. FBR & Co reaffirmed a “buy” rating and issued a $32.00 price target on shares of CubeSmart in a research note on Friday, October 27th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $28.00 price target on shares of CubeSmart in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. CubeSmart has an average rating of “Hold” and an average price target of $28.10.

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CubeSmart Company 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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