CubeSmart (NYSE:CUBE) has been assigned a $32.00 price objective by investment analysts at B. Riley in a research report issued on Tuesday. The firm currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s price target would suggest a potential upside of 10.04% from the company’s previous close.

Several other equities analysts have also recently commented on CUBE. BidaskClub raised shares of CubeSmart from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Bank of America Corporation cut shares of CubeSmart from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $27.75 to $25.00 in a research note on Thursday, July 20th. Zacks Investment Research cut shares of CubeSmart from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Jefferies Group LLC set a $30.00 price target on shares of CubeSmart and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, KeyCorp reissued a “hold” rating on shares of CubeSmart in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $28.10.

Shares of CubeSmart (NYSE CUBE) traded down $0.31 during trading hours on Tuesday, reaching $29.08. 1,621,843 shares of the company traded hands, compared to its average volume of 1,996,368. The stock has a market capitalization of $5,260.03, a PE ratio of 18.76, a P/E/G ratio of 3.76 and a beta of 0.20. CubeSmart has a 12 month low of $22.83 and a 12 month high of $29.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.00.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/19/b-riley-analysts-give-cubesmart-cube-a-32-00-price-target.html.

Several institutional investors and hedge funds have recently made changes to their positions in CUBE. Cohen & Steers Inc. lifted its holdings in shares of CubeSmart by 349.3% in the 3rd quarter. Cohen & Steers Inc. now owns 13,828,409 shares of the real estate investment trust’s stock worth $358,985,000 after acquiring an additional 10,750,476 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of CubeSmart by 43,425.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,094,592 shares of the real estate investment trust’s stock worth $184,176,000 after acquiring an additional 7,078,292 shares during the last quarter. Cbre Clarion Securities LLC lifted its holdings in shares of CubeSmart by 62.1% in the 2nd quarter. Cbre Clarion Securities LLC now owns 6,324,509 shares of the real estate investment trust’s stock worth $152,041,000 after acquiring an additional 2,423,464 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of CubeSmart in the 3rd quarter worth approximately $47,549,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of CubeSmart by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,672,676 shares of the real estate investment trust’s stock worth $280,612,000 after acquiring an additional 1,335,665 shares during the last quarter.

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)

Receive News & Ratings for CubeSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CubeSmart and related companies with MarketBeat.com's FREE daily email newsletter.