CubeSmart (NYSE:CUBE) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Several other research analysts also recently commented on CUBE. Zacks Investment Research raised CubeSmart from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Monday, December 18th. B. Riley set a $32.00 price target on CubeSmart and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. SunTrust Banks set a $31.00 price target on CubeSmart and gave the stock a “hold” rating in a research report on Monday, January 22nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $31.00 price target on shares of CubeSmart in a research report on Thursday, February 15th. Finally, BMO Capital Markets set a $27.00 price objective on CubeSmart and gave the company a “hold” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.00.

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Shares of NYSE CUBE opened at $28.06 on Tuesday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $5,111.07, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 3.57 and a beta of 0.09. CubeSmart has a 12 month low of $22.83 and a 12 month high of $29.79.

CubeSmart (NYSE:CUBE) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $143.48 million for the quarter, compared to the consensus estimate of $143.18 million. CubeSmart had a return on equity of 8.39% and a net margin of 24.02%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. research analysts forecast that CubeSmart will post 1.64 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in CubeSmart by 3.5% in the fourth quarter. BlackRock Inc. now owns 13,259,542 shares of the real estate investment trust’s stock valued at $383,466,000 after acquiring an additional 453,261 shares during the period. Millennium Management LLC grew its position in CubeSmart by 76.0% in the fourth quarter. Millennium Management LLC now owns 4,535,494 shares of the real estate investment trust’s stock valued at $131,166,000 after acquiring an additional 1,958,563 shares during the period. Prudential Financial Inc. grew its position in CubeSmart by 2.9% in the third quarter. Prudential Financial Inc. now owns 3,051,854 shares of the real estate investment trust’s stock valued at $79,226,000 after acquiring an additional 84,926 shares during the period. Dimensional Fund Advisors LP grew its position in CubeSmart by 4.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,661,835 shares of the real estate investment trust’s stock valued at $69,101,000 after acquiring an additional 114,753 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in CubeSmart by 9.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,079,742 shares of the real estate investment trust’s stock valued at $60,147,000 after acquiring an additional 174,689 shares during the period.

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About CubeSmart

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2018 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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