CubeSmart (NYSE:CUBE) Upgraded 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 report released on Saturday.

A number of other analysts have also recently weighed in on CUBE. Barclays lowered their price target on CubeSmart from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Mizuho reduced their target price on shares of CubeSmart from $43.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Wolfe Research lowered shares of CubeSmart from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. KeyCorp reiterated a “sector weight” rating on shares of CubeSmart in a research report on Monday, November 10th. Finally, Truist Financial reduced their price target on shares of CubeSmart from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.13.

CubeSmart Stock Up 4.3%

Shares of CUBE opened at $40.31 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average price of $37.51 and a two-hundred day moving average price of $38.65. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 11.85 and a beta of 1.12. CubeSmart has a 12 month low of $34.24 and a 12 month high of $44.13.

Institutional Investors Weigh In On CubeSmart

A number of hedge funds have recently added to or reduced their stakes in CUBE. Wiser Advisor Group LLC bought a new position in shares of CubeSmart in the third quarter worth about $28,000. True Wealth Design LLC increased its holdings 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 in the last quarter. Private Trust Co. NA raised its position in CubeSmart by 209.6% in the 3rd quarter. Private Trust Co. NA now owns 706 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 478 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in CubeSmart by 174.8% during the 2nd 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 lifted its holdings in CubeSmart by 43.3% during the 3rd 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 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.