Shares of CubeSmart (NYSE:CUBE – Get Free Report) have earned a consensus rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $44.90.
Several research firms have commented on CUBE. Raymond James decreased their price objective on shares of CubeSmart from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, October 24th. Truist Financial decreased their price target on shares of CubeSmart from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Tuesday, August 29th. Stifel Nicolaus restated a “buy” rating and set a $50.00 price target on shares of CubeSmart in a research note on Wednesday, September 13th. Bank of America lowered shares of CubeSmart from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $51.00 to $38.00 in a research note on Monday, October 30th. Finally, StockNews.com began coverage on shares of CubeSmart in a research note on Thursday, October 5th. They set a “hold” rating for the company.
Institutional Inflows and Outflows
CubeSmart Trading Down 0.6 %
NYSE:CUBE opened at $39.05 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. CubeSmart has a 52 week low of $33.17 and a 52 week high of $48.93. The firm has a 50-day moving average price of $37.49 and a two-hundred day moving average price of $41.65.
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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