CubeSmart (NYSE:CUBE) Stock Rating Lowered by Wall Street Zen

CubeSmart (NYSE:CUBE) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

CUBE has been the subject of several other research reports. UBS Group dropped their price objective on shares of CubeSmart from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Barclays decreased their price target on shares of CubeSmart from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of CubeSmart in a research report on Monday, December 8th. Wolfe Research downgraded CubeSmart from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft lowered CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.13.

CubeSmart Stock Performance

NYSE CUBE opened at $41.82 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.04 and a quick ratio of 0.47. CubeSmart has a 1-year low of $34.24 and a 1-year high of $44.13. The firm has a market capitalization of $9.54 billion, a P/E ratio of 28.84, a P/E/G ratio of 12.76 and a beta of 1.10. The business’s 50-day simple moving average is $38.05 and its 200-day simple moving average is $38.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CUBE. Wiser Advisor Group LLC bought a new stake in shares of CubeSmart during the third quarter valued at approximately $28,000. True Wealth Design LLC grew its position in CubeSmart by 308.2% in the 2nd quarter. True Wealth Design LLC now owns 694 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 524 shares during the period. Private Trust Co. NA increased its stake in CubeSmart by 209.6% during the 3rd quarter. Private Trust Co. NA now owns 706 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 478 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of CubeSmart by 174.8% in the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 568 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of CubeSmart by 43.3% during the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 295 shares during the last quarter. Institutional investors own 97.61% of the company’s stock.

CubeSmart Company Profile

CubeSmart (NYSE: CUBE) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company’s portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart’s facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.