Parametric Portfolio Associates LLC Trims Position in CubeSmart (CUBE)

Parametric Portfolio Associates LLC decreased its stake in shares of CubeSmart (NYSE:CUBE) by 14.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,989 shares of the real estate investment trust’s stock after selling 24,928 shares during the period. Parametric Portfolio Associates LLC owned 0.08% of CubeSmart worth $3,582,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CUBE. BlackRock Inc. lifted its position in CubeSmart by 4,480.2% during the 1st quarter. BlackRock Inc. now owns 12,129,727 shares of the real estate investment trust’s stock worth $314,886,000 after buying an additional 11,864,899 shares in the last quarter. Cbre Clarion Securities LLC lifted its position in CubeSmart by 62.1% during the 2nd quarter. Cbre Clarion Securities LLC now owns 6,324,509 shares of the real estate investment trust’s stock worth $152,041,000 after buying an additional 2,423,464 shares in the last quarter. Bank of New York Mellon Corp lifted its position in CubeSmart by 12.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,672,676 shares of the real estate investment trust’s stock worth $280,612,000 after buying an additional 1,335,665 shares in the last quarter. Kempen Capital Management N.V. lifted its position in CubeSmart by 962.3% during the 2nd quarter. Kempen Capital Management N.V. now owns 1,182,549 shares of the real estate investment trust’s stock worth $28,430,000 after buying an additional 1,071,232 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in CubeSmart by 36.0% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,702,262 shares of the real estate investment trust’s stock worth $89,002,000 after buying an additional 980,490 shares in the last quarter.

CubeSmart (CUBE) opened at 27.22 on Wednesday. The firm has a market capitalization of $4.90 billion, a P/E ratio of 47.01 and a beta of 0.19. CubeSmart has a 52-week low of $22.83 and a 52-week high of $28.06. The firm’s 50-day moving average is $26.17 and its 200-day moving average is $25.12.

CUBE has been the topic of several research reports. FBR & Co reiterated a “buy” rating and set a $32.00 price target on shares of CubeSmart in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of CubeSmart from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. BidaskClub upgraded shares of CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. BMO Capital Markets reiterated a “market perform” rating and set a $27.00 price target on shares of CubeSmart in a research report on Monday, September 11th. Finally, UBS AG downgraded shares of CubeSmart from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.67.

COPYRIGHT VIOLATION NOTICE: “Parametric Portfolio Associates LLC Trims Position in CubeSmart (CUBE)” was originally posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.com-unik.info/2017/11/01/parametric-portfolio-associates-llc-trims-position-in-cubesmart-cube.html.

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.

Want to see what other hedge funds are holding CUBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CubeSmart (NYSE:CUBE).

Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

What are top analysts saying about CubeSmart? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CubeSmart and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit