CubeSmart (NYSE:CUBE)‘s stock had its “hold” rating reiterated by stock analysts at SunTrust Banks, Inc. in a report issued on Friday. They presently have a $25.00 target price on the real estate investment trust’s stock. SunTrust Banks, Inc.’s price target would suggest a potential downside of 6.79% from the company’s current price.

CUBE has been the topic of several other research reports. BidaskClub upgraded CubeSmart from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Jefferies Group LLC restated a “buy” rating and set a $30.00 price target on shares of CubeSmart in a research note on Tuesday. FBR & Co restated a “buy” rating and set a $32.00 price target on shares of CubeSmart in a research note on Friday. Raymond James Financial, Inc. lowered CubeSmart from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. Finally, Robert W. Baird restated a “buy” rating and set a $27.00 price target on shares of CubeSmart in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $27.67.

Shares of CubeSmart (NYSE:CUBE) traded up 3.99% during mid-day trading on Friday, hitting $26.82. 3,982,840 shares of the stock were exchanged. The firm has a market cap of $4.83 billion, a P/E ratio of 46.32 and a beta of 0.19. CubeSmart has a 12 month low of $22.83 and a 12 month high of $28.06. The stock’s 50 day moving average is $26.13 and its 200 day moving average is $25.13.

CubeSmart (NYSE:CUBE) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $138.60 million for the quarter, compared to analyst estimates of $138.07 million. CubeSmart had a return on equity of 7.56% and a net margin of 22.19%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. Analysts expect that CubeSmart will post $0.69 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its position in CubeSmart by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 5,341 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 370 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in CubeSmart by 31.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,400 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 1,306 shares in the last quarter. Commonwealth Bank of Australia boosted its position in CubeSmart by 3.9% during the second quarter. Commonwealth Bank of Australia now owns 7,568 shares of the real estate investment trust’s stock valued at $181,000 after purchasing an additional 283 shares in the last quarter. Profund Advisors LLC bought a new stake in CubeSmart during the second quarter valued at about $214,000. Finally, Private Capital Management Inc. bought a new stake in CubeSmart during the second quarter valued at about $216,000.

CubeSmart Company Profile

CubeSmart operates as a self-managed and self-administered real estate company. The Company focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. Its self-storage properties are designed to offer storage space for its residential and commercial customers.

Analyst Recommendations for CubeSmart (NYSE:CUBE)

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