Oddo BHF Asset Management Sas Takes $442,000 Position in CubeSmart (NYSE:CUBE)

Oddo BHF Asset Management Sas acquired a new stake in CubeSmart (NYSE:CUBE) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 8,203 shares of the real estate investment trust’s stock, valued at approximately $442,000.

A number of other large investors have also added to or reduced their stakes in CUBE. Whittier Trust Co. increased its position in CubeSmart by 136.9% in the 2nd quarter. Whittier Trust Co. now owns 559 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 323 shares during the period. UMB Bank n.a. grew its stake 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 worth $32,000 after purchasing an additional 444 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in CubeSmart in the second quarter valued at $33,000. Peterson Financial Group Inc. bought a new position in CubeSmart during the 3rd quarter worth $33,000. Finally, Quarry LP lifted its holdings in CubeSmart by 195.6% during the 2nd quarter. Quarry LP now owns 1,144 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 757 shares during the period. Institutional investors own 97.61% of the company’s stock.

CubeSmart Trading Down 0.4 %

NYSE:CUBE opened at $46.27 on Friday. CubeSmart has a 12 month low of $39.80 and a 12 month high of $55.14. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 13.00 and a beta of 0.84. The firm has a fifty day simple moving average of $48.67 and a two-hundred day simple moving average of $48.40.

CubeSmart (NYSE:CUBE) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.24). CubeSmart had a net margin of 37.79% and a return on equity of 14.33%. The firm had revenue of $270.90 million during the quarter, compared to the consensus estimate of $267.49 million. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. Analysts expect that CubeSmart will post 2.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CUBE shares. Scotiabank decreased their price target on CubeSmart from $53.00 to $52.00 and set a “sector outperform” rating for the company in a research note on Monday, November 25th. Wells Fargo & Company raised their price target on shares of CubeSmart from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Royal Bank of Canada reduced their price objective on shares of CubeSmart from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Barclays lowered their target price on shares of CubeSmart from $55.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Evercore ISI upped their price target on shares of CubeSmart from $52.00 to $53.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $51.36.

About CubeSmart

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.