CubeSmart (NYSE:CUBE) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other brokerages have also issued reports on CUBE. SunTrust Banks set a $32.00 target price on CubeSmart and gave the stock a “hold” rating in a research report on Tuesday, August 7th. BMO Capital Markets reaffirmed a “buy” rating and set a $32.00 target price on shares of CubeSmart in a research report on Friday, July 27th. Evercore ISI raised CubeSmart from an “in-line” rating to an “outperform” rating and set a $35.00 target price for the company in a research report on Monday, September 10th. Bank of America raised CubeSmart from a “neutral” rating to a “buy” rating and set a $25.22 target price for the company in a research report on Thursday, November 15th. Finally, Zacks Investment Research raised CubeSmart from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.62.

Shares of NYSE:CUBE opened at $30.33 on Tuesday. The firm has a market cap of $5.67 billion, a P/E ratio of 18.56, a P/E/G ratio of 3.73 and a beta of 0.04. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.04 and a quick ratio of 0.04. CubeSmart has a 12-month low of $25.22 and a 12-month high of $33.18.

CubeSmart (NYSE:CUBE) last announced its earnings results on Thursday, October 25th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.18). The company had revenue of $153.37 million for the quarter, compared to the consensus estimate of $150.76 million. CubeSmart had a return on equity of 9.34% and a net margin of 26.43%. Analysts expect that CubeSmart will post 1.64 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of CubeSmart by 2.0% in the 3rd quarter. BlackRock Inc. now owns 13,896,899 shares of the real estate investment trust’s stock worth $396,479,000 after acquiring an additional 267,274 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of CubeSmart by 170.7% in the 3rd quarter. Alliancebernstein L.P. now owns 9,565,516 shares of the real estate investment trust’s stock worth $272,904,000 after acquiring an additional 6,031,338 shares in the last quarter. Cbre Clarion Securities LLC raised its position in shares of CubeSmart by 11.5% in the 2nd quarter. Cbre Clarion Securities LLC now owns 8,474,692 shares of the real estate investment trust’s stock worth $273,055,000 after acquiring an additional 875,279 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of CubeSmart by 77.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,910,336 shares of the real estate investment trust’s stock worth $111,561,000 after acquiring an additional 1,707,863 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of CubeSmart by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,816,976 shares of the real estate investment trust’s stock worth $80,367,000 after acquiring an additional 9,755 shares in the last quarter.

CubeSmart Company Profile

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.

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Analyst Recommendations for CubeSmart (NYSE:CUBE)

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