Dean Investment Associates LLC Grows Holdings in CubeSmart (CUBE)

Dean Investment Associates LLC raised its stake in shares of CubeSmart (NYSE:CUBE) by 59.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,230 shares of the real estate investment trust’s stock after purchasing an additional 15,782 shares during the period. Dean Investment Associates LLC’s holdings in CubeSmart were worth $1,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Eii Capital Management Inc. bought a new position in shares of CubeSmart during the 3rd quarter valued at about $1,057,000. California Public Employees Retirement System boosted its holdings in shares of CubeSmart by 5.2% during the 3rd quarter. California Public Employees Retirement System now owns 320,778 shares of the real estate investment trust’s stock valued at $8,327,000 after purchasing an additional 15,866 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of CubeSmart by 45.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,247 shares of the real estate investment trust’s stock valued at $342,000 after purchasing an additional 4,119 shares during the last quarter. Highbridge Capital Management LLC boosted its holdings in shares of CubeSmart by 18.5% during the 3rd quarter. Highbridge Capital Management LLC now owns 236,900 shares of the real estate investment trust’s stock valued at $6,150,000 after purchasing an additional 36,900 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in shares of CubeSmart by 349.3% during the 3rd quarter. Cohen & Steers Inc. now owns 13,828,409 shares of the real estate investment trust’s stock valued at $358,985,000 after purchasing an additional 10,750,476 shares during the last quarter.

Shares of CubeSmart (NYSE:CUBE) opened at $29.32 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.07 and a quick ratio of 0.07. CubeSmart has a 1 year low of $22.83 and a 1 year high of $29.67. The firm has a market cap of $5,299.83, a PE ratio of 18.90, a P/E/G ratio of 3.79 and a beta of 0.22.

Several analysts have recently issued reports on the stock. Jefferies Group set a $30.00 target price on shares of CubeSmart and gave the company a “buy” rating in a research report on Friday, August 18th. FBR & Co restated a “buy” rating and set a $32.00 target price on shares of CubeSmart in a research report on Friday, October 27th. Cantor Fitzgerald restated a “buy” rating and set a $28.00 target price on shares of CubeSmart in a research report on Thursday, October 26th. BidaskClub upgraded shares of CubeSmart from a “hold” rating to a “buy” rating in a research report on Monday, October 23rd. Finally, Robert W. Baird restated a “buy” rating and set a $27.00 target price on shares of CubeSmart in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.60.

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About CubeSmart

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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