Copeland Capital Management LLC Has $31.28 Million Stock Holdings in CubeSmart (NYSE:CUBE)

Copeland Capital Management LLC lifted its stake in CubeSmart (NYSE:CUBE) by 2.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 581,158 shares of the real estate investment trust’s stock after purchasing an additional 11,521 shares during the quarter. Copeland Capital Management LLC owned 0.26% of CubeSmart worth $31,284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. acquired a new position in shares of CubeSmart in the first quarter worth about $26,000. Whittier Trust Co. raised its stake in CubeSmart by 136.9% during the 2nd quarter. Whittier Trust Co. now owns 559 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 323 shares during the period. UMB Bank n.a. lifted its holdings in shares of CubeSmart by 302.0% in the third quarter. UMB Bank n.a. now owns 591 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 444 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of CubeSmart in the second quarter worth $33,000. Finally, Larson Financial Group LLC purchased a new position in shares of CubeSmart during the first quarter valued at $45,000. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Insider Buying and Selling at CubeSmart

In other news, CEO Christopher P. Marr sold 37,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $48.45, for a total transaction of $1,792,650.00. Following the completion of the transaction, the chief executive officer now directly owns 576,836 shares in the company, valued at $27,947,704.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Christopher P. Marr sold 37,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $48.45, for a total transaction of $1,792,650.00. Following the transaction, the chief executive officer now owns 576,836 shares in the company, valued at approximately $27,947,704.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Joel D. Keaton sold 43,478 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $47.97, for a total transaction of $2,085,639.66. Following the completion of the sale, the chief operating officer now owns 87,663 shares of the company’s stock, valued at approximately $4,205,194.11. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,217 shares of company stock valued at $4,244,344 in the last 90 days. 1.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on CUBE. Evercore ISI raised their price objective on CubeSmart from $52.00 to $53.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Raymond James boosted their price objective on shares of CubeSmart from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Barclays increased their target price on shares of CubeSmart from $48.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Jefferies Financial Group upped their price target on shares of CubeSmart from $53.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, Scotiabank initiated coverage on CubeSmart in a research report on Thursday, August 22nd. They set a “sector outperform” rating and a $53.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, CubeSmart has an average rating of “Hold” and a consensus target price of $50.67.

CubeSmart Trading Down 3.1 %

NYSE:CUBE opened at $48.41 on Tuesday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.03. The company’s 50 day moving average is $51.56 and its 200-day moving average is $46.86. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 26.89, a P/E/G ratio of 9.12 and a beta of 0.82. CubeSmart has a 12 month low of $33.17 and a 12 month high of $55.14.

CubeSmart (NYSE:CUBE) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.23). CubeSmart had a return on equity of 14.37% and a net margin of 38.07%. The firm had revenue of $266.20 million during the quarter, compared to the consensus estimate of $260.68 million. During the same quarter last year, the business earned $0.66 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that CubeSmart will post 2.65 EPS for the current year.

CubeSmart Company Profile

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.