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

CubeSmart (NYSE:CUBEGet Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

Several other analysts also recently weighed in on CUBE. Royal Bank Of Canada restated an “outperform” rating on shares of CubeSmart in a research report on Monday, December 8th. Wolfe Research lowered shares of CubeSmart from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft downgraded shares of CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research note on Tuesday, January 20th. Evercore dropped their price objective on CubeSmart from $49.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Finally, Mizuho reduced their target price on CubeSmart from $43.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $44.13.

Get Our Latest Stock Report on CubeSmart

CubeSmart Trading Up 2.3%

CUBE opened at $41.15 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.47 and a current ratio of 0.47. CubeSmart has a one year low of $34.24 and a one year high of $44.13. The company has a market cap of $9.38 billion, a P/E ratio of 28.38, a PEG ratio of 12.60 and a beta of 1.12. The business’s 50-day simple moving average is $37.93 and its 200-day simple moving average is $38.68.

Hedge Funds Weigh In On CubeSmart

Several institutional investors have recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC purchased a new stake in shares of CubeSmart during the 3rd quarter worth $28,000. True Wealth Design LLC lifted its stake in shares of CubeSmart by 308.2% in the second 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 lifted its stake in shares of CubeSmart by 209.6% in the third 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 during the period. Geneos Wealth Management Inc. boosted its holdings in CubeSmart by 174.8% during the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 568 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in CubeSmart by 43.3% during the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 295 shares in the last quarter. Institutional investors and hedge funds own 97.61% of the company’s stock.

CubeSmart News Roundup

Here are the key news stories impacting CubeSmart this week:

About CubeSmart

(Get Free Report)

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.

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Analyst Recommendations for CubeSmart (NYSE:CUBE)

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