Research analysts at BNP Paribas Exane began coverage on shares of CubeSmart (NYSE:CUBE - Get Free Report) in a research report issued on Tuesday. The firm set a "neutral" rating and a $46.00 price target on the real estate investment trust's stock. BNP Paribas Exane's price target suggests a potential upside of 7.15% from the company's current price.
A number of other brokerages also recently issued reports on CUBE. Wolfe Research began coverage on shares of CubeSmart in a report on Monday, May 19th. They set an "outperform" rating and a $48.00 price target on the stock. Mizuho increased their price objective on shares of CubeSmart from $39.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Truist Financial raised their target price on shares of CubeSmart from $47.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Barclays decreased their target price on shares of CubeSmart from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Friday, May 16th. Finally, KeyCorp upgraded CubeSmart from a "sector weight" rating to an "overweight" rating and set a $47.00 price target on the stock in a research note on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, CubeSmart presently has an average rating of "Hold" and an average target price of $47.38.
Check Out Our Latest Stock Report on CubeSmart
CubeSmart Trading Up 1.3%
NYSE:CUBE opened at $42.93 on Tuesday. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 7.79 and a beta of 0.98. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 1.17. The company's 50 day moving average price is $41.85 and its 200-day moving average price is $41.84. CubeSmart has a 52 week low of $34.24 and a 52 week high of $55.14.
CubeSmart (NYSE:CUBE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $273.04 million for the quarter, compared to analysts' expectations of $268.16 million. CubeSmart had a return on equity of 13.57% and a net margin of 37.05%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. On average, equities research analysts forecast that CubeSmart will post 2.64 earnings per share for the current fiscal year.
Institutional Trading of CubeSmart
A number of hedge funds and other institutional investors have recently bought and sold shares of CUBE. Blue Trust Inc. grew its stake in shares of CubeSmart by 74.9% during the 4th quarter. Blue Trust Inc. now owns 675 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 289 shares during the period. Jones Financial Companies Lllp lifted its holdings in CubeSmart by 134.1% during the fourth quarter. Jones Financial Companies Lllp now owns 679 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 389 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in CubeSmart by 310.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 739 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 559 shares in the last quarter. Allworth Financial LP boosted its position in shares of CubeSmart by 115.2% in the first quarter. Allworth Financial LP now owns 936 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 501 shares during the period. Finally, Huntington National Bank increased its stake in shares of CubeSmart by 307.0% in the fourth quarter. Huntington National Bank now owns 1,213 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 915 shares in the last quarter. Hedge funds and other institutional investors own 97.61% of the company's stock.
CubeSmart Company Profile
(
Get Free Report)
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, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2023 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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