Uniplan Investment Counsel buys $47,219,059 stake in CubeSmart (CUBE)

CubeSmart (CUBE) : Uniplan Investment Counsel scooped up 177,826 additional shares in CubeSmart during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,672,063 shares of CubeSmart which is valued at $47,219,059.CubeSmart makes up approximately 2.10% of Uniplan Investment Counsel’s portfolio.

Other Hedge Funds, Including , King Luther Capital Management Corp reduced its stake in CUBE by selling 110,675 shares or 19.82% in the most recent quarter. The Hedge Fund company now holds 447,690 shares of CUBE which is valued at $12,642,766. CubeSmart makes up approx 0.12% of King Luther Capital Management Corp’s portfolio.American Assets Capital Advisers boosted its stake in CUBE in the latest quarter, The investment management firm added 29,832 additional shares and now holds a total of 175,514 shares of CubeSmart which is valued at $4,956,515. CubeSmart makes up approx 3.11% of American Assets Capital Advisers’s portfolio.Dimensional Fund Advisors Lp boosted its stake in CUBE in the latest quarter, The investment management firm added 79,734 additional shares and now holds a total of 2,324,568 shares of CubeSmart which is valued at $64,994,921. CubeSmart makes up approx 0.04% of Dimensional Fund Advisors Lp’s portfolio.Lasalle Investment Management Securities boosted its stake in CUBE in the latest quarter, The investment management firm added 2,296,747 additional shares and now holds a total of 9,657,551 shares of CubeSmart which is valued at $268,286,767. CubeSmart makes up approx 2.46% of Lasalle Investment Management Securities’s portfolio.Exane Derivatives boosted its stake in CUBE in the latest quarter, The investment management firm added 10,648 additional shares and now holds a total of 12,069 shares of CubeSmart which is valued at $348,673. CubeSmart makes up approx 0.06% of Exane Derivatives’s portfolio.

CubeSmart opened for trading at $27.48 and hit $27.645 on the upside on Tuesday, eventually ending the session at $27.54, with a gain of 0.47% or 0.13 points. The heightened volatility saw the trading volume jump to 9,62,024 shares. Company has a market cap of $4,938 M.

On the company’s financial health, CubeSmart reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.35. The company had revenue of $126.53 million for the quarter, compared to analysts expectations of $125.04 million. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on CubeSmart. CubeSmart was Downgraded by SunTrust to ” Neutral” on Jul 25, 2016. DA Davidson Initiated CubeSmart on Jun 24, 2016 to “Neutral”, Price Target of the shares are set at $35.CubeSmart was Initiated by FBR Capital to “Outperform” on Jun 23, 2016.

CubeSmart is a self-administered and self-managed real estate company focused primarily on the ownership operation management acquisition and development of self-storage facilities in the United States. The Company’s self-storage facilities offer storage space for its residential and commercial customers with features such as wide aisles and loadbearing capabilities for large truck access. As of December 31 2014 the Company owned 421 self-storage facilities located in 22 states of the United States and in the District of Columbia containing an aggregate of approximately 28.6 million rentable square feet. As of December 31 2014 the Company managed 174 facilities for third parties (including 35 facilities containing an aggregate of approximately 2.4 million rentable square feet as part of an unconsolidated real estate venture in which it owns a 50% interest).

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