CubeSmart (NYSE:CUBE) Upgraded to Hold at Wall Street Zen

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

Several other equities analysts also recently commented on the company. Truist Financial lowered their price target on CubeSmart from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. UBS Group lowered their target price on shares of CubeSmart from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of CubeSmart in a research report on Monday, December 8th. Mizuho decreased their price target on shares of CubeSmart from $43.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Wolfe Research lowered CubeSmart from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CubeSmart has an average rating of “Hold” and a consensus price target of $44.13.

CubeSmart Price Performance

Shares of NYSE:CUBE opened at $40.31 on Friday. CubeSmart has a fifty-two week low of $34.24 and a fifty-two week high of $44.13. The business has a 50-day moving average of $37.51 and a two-hundred day moving average of $38.65. The stock has a market capitalization of $9.19 billion, a P/E ratio of 25.84, a P/E/G ratio of 11.85 and a beta of 1.12. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.47 and a quick ratio of 0.47.

Hedge Funds Weigh In On CubeSmart

Several large investors have recently added to or reduced their stakes in CUBE. Norges Bank acquired a new stake in shares of CubeSmart during the 4th quarter worth approximately $395,968,000. JPMorgan Chase & Co. raised its stake in shares of CubeSmart by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 5,340,869 shares of the real estate investment trust’s stock valued at $217,162,000 after purchasing an additional 91,694 shares in the last quarter. Geode Capital Management LLC lifted its position in CubeSmart by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,714,128 shares of the real estate investment trust’s stock worth $169,975,000 after purchasing an additional 52,207 shares during the period. Alyeska Investment Group L.P. boosted its stake in CubeSmart by 36.4% during the third quarter. Alyeska Investment Group L.P. now owns 4,283,952 shares of the real estate investment trust’s stock worth $174,185,000 after buying an additional 1,143,464 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in CubeSmart by 3.1% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,469,724 shares of the real estate investment trust’s stock worth $125,084,000 after buying an additional 105,105 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

About CubeSmart

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.