Nomura Asset Management Co. Ltd. Sells 13,200 Shares of CubeSmart (CUBE)

Nomura Asset Management Co. Ltd. decreased its holdings in CubeSmart (NYSE:CUBE) by 10.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,181 shares of the real estate investment trust’s stock after selling 13,200 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of CubeSmart worth $2,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Westwood Holdings Group Inc. lifted 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 buying an additional 155 shares in the last quarter. D.A. Davidson & CO. lifted 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 buying an additional 164 shares in the last quarter. Commonwealth Bank of Australia lifted 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 buying an additional 283 shares in the last quarter. GAM Holding AG lifted 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 buying an additional 369 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of CubeSmart by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,341 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 370 shares in the last quarter.

Several equities research analysts have recently issued reports on CUBE shares. BidaskClub upgraded shares of CubeSmart from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. Jefferies Group restated a “buy” rating and set a $30.00 price target on shares of CubeSmart in a research note on Tuesday, October 24th. SunTrust Banks restated a “hold” rating and set a $25.00 price target on shares of CubeSmart in a research note on Friday, October 27th. FBR & Co restated a “buy” rating and set a $32.00 price target on shares of CubeSmart in a research note on Friday, October 27th. Finally, Raymond James Financial lowered shares of CubeSmart from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $28.60.

CubeSmart (CUBE) traded up $0.17 during trading on Monday, reaching $28.65. 1,461,400 shares of the company were exchanged, compared to its average volume of 1,625,752. CubeSmart has a fifty-two week low of $22.83 and a fifty-two week high of $29.67. The stock has a market cap of $5,182.25, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 3.71 and a beta of 0.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.07 and a quick ratio of 0.07.

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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.

Institutional Ownership by Quarter for CubeSmart (NYSE:CUBE)

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