A number of firms have modified their ratings and price targets on shares of CubeSmart (NYSE: CUBE) recently:

  • 11/7/2017 – CubeSmart was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 11/1/2017 – CubeSmart had its “buy” rating reaffirmed by analysts at B. Riley.
  • 10/27/2017 – CubeSmart had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $32.00 price target on the stock. They wrote, “While CUBE is no stranger to beat and raise quarters, this quarter is especially sweet given the Public Storage print the night before paired with market uncertainty. We think the print highlights CUBE’s revenue management competency and portfolio positioning versus the sector. Given decelerating asking rate and contract rent growth, as well as tougher occupancy and promotional comps, we initially thought hitting the implied 2H17 revenue guidance (+3.75%) may have been a challenge. However, the portfolio shined this quarter with +4.1% revenue growth, even coming off of a tough 3Q16 comp. Further, the company’s largest (and most focused upon) market, New York City, contributed about 30bps to this growth, in a surprise re- acceleration. We continue to believe that CUBE is the name to own in the storage sector. We are adjusting our FFO as adjusted estimates and NAV upwards.””
  • 10/27/2017 – CubeSmart had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $25.00 price target on the stock.
  • 10/26/2017 – CubeSmart had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $28.00 price target on the stock.
  • 10/24/2017 – CubeSmart had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $30.00 price target on the stock.
  • 10/23/2017 – CubeSmart was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/17/2017 – CubeSmart had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $27.00 price target on the stock.
  • 9/16/2017 – CubeSmart was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of CubeSmart (CUBE) opened at $29.21 on Wednesday. CubeSmart has a 1-year low of $22.83 and a 1-year 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. The stock 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.

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.

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