CubeSmart (CUBE) Given Consensus Rating of “Hold” by Analysts

CubeSmart (NYSE:CUBE) has been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $28.10.

A number of brokerages have recently weighed in on CUBE. B. Riley reaffirmed a “buy” rating on shares of CubeSmart in a research note on Wednesday, November 1st. Jefferies Group LLC set a $30.00 price target on shares of CubeSmart and gave the stock a “buy” rating in a research note on Friday, August 18th. BidaskClub raised shares of CubeSmart from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $27.00 price target on shares of CubeSmart in a research note on Tuesday, October 17th. Finally, Zacks Investment Research downgraded shares of CubeSmart from a “hold” rating to a “sell” rating in a report on Monday, July 31st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its holdings in shares of CubeSmart by 9.5% during the first quarter. Teachers Advisors LLC now owns 241,560 shares of the real estate investment trust’s stock valued at $6,271,000 after acquiring an additional 20,946 shares during the period. Bank of Montreal Can raised its holdings in shares of CubeSmart by 154.7% during the second quarter. Bank of Montreal Can now owns 200,469 shares of the real estate investment trust’s stock valued at $4,820,000 after acquiring an additional 121,760 shares during the period. US Bancorp DE raised its holdings in shares of CubeSmart by 18.0% during the second quarter. US Bancorp DE now owns 61,228 shares of the real estate investment trust’s stock valued at $1,471,000 after acquiring an additional 9,361 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in shares of CubeSmart by 36.0% during the second quarter. Diamond Hill Capital Management Inc. now owns 3,702,262 shares of the real estate investment trust’s stock valued at $89,002,000 after acquiring an additional 980,490 shares during the period. Finally, NGAM Advisors L.P. raised its holdings in shares of CubeSmart by 6.2% during the second quarter. NGAM Advisors L.P. now owns 250,030 shares of the real estate investment trust’s stock valued at $6,010,000 after acquiring an additional 14,609 shares during the period.

Shares of CubeSmart (NYSE:CUBE) traded up $0.04 during trading hours on Friday, hitting $29.17. 573,336 shares of the stock were exchanged, compared to its average volume of 1,800,000. The firm has a market cap of $5,280.00, a price-to-earnings ratio of 18.82, a P/E/G ratio of 3.77 and a beta of 0.20. CubeSmart has a 12 month low of $22.83 and a 12 month high of $29.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.00.

COPYRIGHT VIOLATION NOTICE: “CubeSmart (CUBE) Given Consensus Rating of “Hold” by Analysts” was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/11/27/cubesmart-cube-given-consensus-rating-of-hold-by-analysts.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.

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