CubeSmart (NYSE:CUBE – Get Rating) had its target price upped by stock analysts at Truist Financial from $46.00 to $47.00 in a research note issued on Wednesday, The Fly reports. Truist Financial's price target suggests a potential downside of 0.91% from the stock's previous close.
CUBE has been the topic of a number of other research reports. Jefferies Financial Group downgraded CubeSmart from a "buy" rating to a "hold" rating and cut their price target for the company from $47.00 to $41.00 in a research note on Monday, January 2nd. Wolfe Research started coverage on CubeSmart in a report on Tuesday, January 17th. They set an "outperform" rating and a $48.00 target price on the stock. Finally, Raymond James decreased their target price on CubeSmart from $58.00 to $48.00 and set a "strong-buy" rating for the company in a research report on Monday, January 9th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $48.57.
Get CubeSmart alerts:CubeSmart Stock Performance
Shares of CUBE remained flat at $47.43 on Wednesday. 1,226,970 shares of the company were exchanged, compared to its average volume of 2,173,787. CubeSmart has a twelve month low of $36.82 and a twelve month high of $54.95. The stock has a market cap of $10.65 billion, a PE ratio of 36.77, a P/E/G ratio of 2.15 and a beta of 0.57. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.04 and a quick ratio of 0.04. The stock's 50 day simple moving average is $44.24 and its 200 day simple moving average is $42.59.
Institutional Investors Weigh In On CubeSmart
Large investors have recently made changes to their positions in the stock. Allworth Financial LP raised its position in CubeSmart by 60.7% during the fourth quarter. Allworth Financial LP now owns 715 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 270 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in shares of CubeSmart by 669.3% in the 3rd quarter. HHM Wealth Advisors LLC now owns 777 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 676 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in CubeSmart in the 3rd quarter valued at about $34,000. Quadrant Capital Group LLC lifted its stake in CubeSmart by 452.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,061 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 869 shares during the last quarter. Finally, Dark Forest Capital Management LP grew its holdings in CubeSmart by 85.9% during the fourth quarter. Dark Forest Capital Management LP now owns 1,229 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 568 shares during the period. Institutional investors and hedge funds own 93.62% of the company's stock.
About CubeSmart
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CubeSmart operates as a self-managed and self-administered real estate investment trust with its operations conducted solely through CubeSmart LP and its subsidiaries. It owns, operates, develops, manages, and acquires self-storage properties. The company was founded in July 2004 and is headquartered in Malvern, PA.
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