CubeSmart (CUBE) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is mostly neutral: Eight of 13 analysts rate CubeSmart “Hold” and five rate it “Buy,” with an average 12-month price target of $44.
• Latest quarterly results were mixed: CubeSmart reported EPS of $0.42, below the $0.65 consensus, while revenue of $293.97 million beat estimates and rose 3.1% year over year.
• An insider sold 22,776 shares for about $996,000, reducing their stake by 10%; institutional investors own 97.61% of the stock.

Shares of CubeSmart (NYSE:CUBE - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $44.00.

A number of equities research analysts have issued reports on CUBE shares. UBS Group boosted their target price on shares of CubeSmart from $38.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, November 4th. KeyCorp reiterated a "sector weight" rating on shares of CubeSmart in a research report on Tuesday, August 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of CubeSmart in a research note on Tuesday, October 13th. Evercore set a $46.00 price objective on CubeSmart in a report on Monday, September 21st. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $47.00 target price on shares of CubeSmart in a research note on Tuesday, August 4th.

Insider Activity

In other news, insider Jeffrey Foster sold 22,776 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $43.72, for a total value of $995,766.72. Following the completion of the transaction, the insider directly owned 205,057 shares in the company, valued at approximately $8,965,092.04. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.76% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CUBE. Jump Financial LLC lifted its stake in CubeSmart by 668.5% in the third quarter. Jump Financial LLC now owns 43,771 shares of the real estate investment trust's stock worth $1,645,000 after purchasing an additional 38,075 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of CubeSmart by 11.9% in the third quarter. Pathstone Holdings LLC now owns 56,347 shares of the real estate investment trust's stock worth $2,118,000 after buying an additional 5,976 shares during the period. Marshall Wace LLP lifted its stake in shares of CubeSmart by 99.5% in the 3rd quarter. Marshall Wace LLP now owns 19,200 shares of the real estate investment trust's stock valued at $722,000 after acquiring an additional 9,575 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in CubeSmart by 0.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 184,943 shares of the real estate investment trust's stock valued at $6,950,000 after acquiring an additional 565 shares during the period. Finally, Bleakley Financial Group LLC grew its position in CubeSmart by 5.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 45,204 shares of the real estate investment trust's stock worth $1,699,000 after acquiring an additional 2,199 shares during the last quarter. 97.61% of the stock is owned by institutional investors.

CubeSmart Stock Performance

CUBE traded down $0.05 during trading on Friday, hitting $44.95. 1,243,570 shares of the company traded hands, compared to its average volume of 2,152,600. The firm has a market cap of $10.04 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 7.15 and a beta of 0.98. The stock's fifty day moving average is $40.12 and its 200 day moving average is $39.90. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.42. CubeSmart has a one year low of $35.09 and a one year high of $46.41.

CubeSmart (NYSE:CUBE - Get Free Report) last issued its earnings results on Thursday, October 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.23). The firm had revenue of $293.97 million during the quarter, compared to the consensus estimate of $287.28 million. CubeSmart had a net margin of 30.17% and a return on equity of 13.15%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. As a group, equities analysts predict that CubeSmart will post 2.59 EPS for the current fiscal year.

About CubeSmart

CubeSmart is a self-storage real estate investment trust (REIT) that owns and operates storage facilities in the United States. Its facilities provide rental storage space for individuals and businesses, with options that may include climate-controlled units and storage for vehicles, depending on the location. In addition to operating its own properties, CubeSmart provides management services for self-storage facilities owned by third parties. Its locations serve customers in markets across the country, including major metropolitan areas.

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