CubeSmart (NYSE:CUBE) has been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $29.00.

Several research firms have issued reports on CUBE. Zacks Investment Research upgraded CubeSmart from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Monday, December 18th. Jefferies Group set a $33.00 target price on CubeSmart and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Robert W. Baird cut CubeSmart from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $27.00 to $29.00 in a research report on Tuesday, November 28th. B. Riley set a $32.00 target price on CubeSmart and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, BidaskClub upgraded CubeSmart from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th.

CubeSmart (NYSE CUBE) traded up $0.13 during midday trading on Thursday, reaching $28.47. The company’s stock had a trading volume of 2,042,210 shares, compared to its average volume of 1,709,552. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.07 and a quick ratio of 0.07. CubeSmart has a 52 week low of $22.83 and a 52 week high of $29.79. The firm has a market cap of $5,126.18, a PE ratio of 43.14, a price-to-earnings-growth ratio of 3.62 and a beta of 0.22.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.21%. This is a boost from CubeSmart’s previous quarterly dividend of $0.27. CubeSmart’s dividend payout ratio is currently 163.64%.

In related news, CFO Timothy M. Martin sold 57,746 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $29.41, for a total value of $1,698,309.86. Following the sale, the chief financial officer now owns 211,694 shares in the company, valued at approximately $6,225,920.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Timothy M. Martin sold 83,409 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $29.32, for a total value of $2,445,551.88. Following the sale, the chief financial officer now owns 228,948 shares in the company, valued at approximately $6,712,755.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 167,425 shares of company stock worth $4,915,172. Insiders own 1.20% of the company’s stock.

A number of large investors have recently made changes to their positions in CUBE. The Manufacturers Life Insurance Company grew its holdings in 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 valued at $128,000 after buying an additional 370 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in 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 valued at $181,000 after buying an additional 283 shares during the last quarter. World Asset Management Inc acquired a new stake in CubeSmart during the 3rd quarter valued at $200,000. Campbell & CO Investment Adviser LLC acquired a new stake in CubeSmart during the 3rd quarter valued at $211,000. Finally, Profund Advisors LLC acquired a new stake in CubeSmart during the 2nd quarter valued at $214,000.

TRADEMARK VIOLATION NOTICE: “Analysts Set CubeSmart (CUBE) Price Target at $29.00” was published by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/12/24/analysts-set-cubesmart-cube-price-target-at-29-00.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.