CubeSmart (CUBE) PT Set at $32.00 by B. Riley

CubeSmart (NYSE:CUBE) has been assigned a $32.00 target price by equities research analysts at B. Riley in a report released on Tuesday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price points to a potential upside of 9.55% from the company’s previous close.

Several other research firms have also recently commented on CUBE. Jefferies Group LLC set a $30.00 target price on shares of CubeSmart and gave the stock a “buy” rating in a research report on Friday, August 18th. Robert W. Baird reissued a “buy” rating and set a $27.00 target price on shares of CubeSmart in a research report on Tuesday, October 17th. BidaskClub raised shares of CubeSmart from a “hold” rating to a “buy” rating in a research report on Monday, October 23rd. Cantor Fitzgerald reissued a “buy” rating and set a $28.00 target price on shares of CubeSmart in a research report on Thursday, October 26th. Finally, FBR & Co reissued a “buy” rating and set a $32.00 target price on shares of CubeSmart in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. CubeSmart has an average rating of “Hold” and an average price target of $28.10.

CubeSmart (NYSE CUBE) opened at $29.21 on Tuesday. CubeSmart has a 1 year low of $22.83 and a 1 year high of $29.67. The firm has a market cap of $5,269.08, a PE ratio of 18.79, a P/E/G ratio of 3.76 and a beta of 0.20. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.07 and a quick ratio of 0.07.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://transcriptdaily.com/2017/11/15/cubesmart-cube-pt-set-at-32-00-by-b-riley.html.

Several hedge funds have recently modified their holdings of the company. Westwood Holdings Group Inc. increased its stake 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 purchasing an additional 155 shares during the last quarter. D.A. Davidson & CO. increased its stake 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 purchasing an additional 164 shares during the last quarter. Commonwealth Bank of Australia increased its stake 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 purchasing an additional 283 shares during the last quarter. GAM Holding AG increased its stake 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 purchasing an additional 369 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake 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 purchasing an additional 370 shares during the last quarter.

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.

Analyst Recommendations for CubeSmart (NYSE:CUBE)

Receive News & Ratings for CubeSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CubeSmart and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply