CubeSmart (CUBE) Upgraded at ValuEngine

ValuEngine upgraded shares of CubeSmart (NYSE:CUBE) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

CUBE has been the subject of a number of other reports. Zacks Investment Research downgraded shares of CubeSmart from a buy rating to a hold rating in a research note on Tuesday, January 2nd. Jefferies Group set a $32.00 target price on shares of CubeSmart and gave the stock a buy rating in a research note on Monday, March 5th. BMO Capital Markets raised shares of CubeSmart from a market perform rating to an outperform rating and boosted their target price for the stock from $27.00 to $30.00 in a research note on Friday, March 2nd. B. Riley set a $32.00 target price on shares of CubeSmart and gave the stock a buy rating in a research note on Thursday, February 15th. Finally, Cantor Fitzgerald reaffirmed a buy rating and issued a $31.00 target price on shares of CubeSmart in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $30.00.

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Shares of NYSE CUBE opened at $28.25 on Tuesday. CubeSmart has a 1-year low of $22.83 and a 1-year high of $29.79. The stock has a market capitalization of $5,194.92, a price-to-earnings ratio of 18.04, a P/E/G ratio of 3.63 and a beta of 0.09. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 1.00.

CubeSmart (NYSE:CUBE) last announced its earnings results on Thursday, February 15th. The real estate investment trust reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. CubeSmart had a net margin of 24.02% and a return on equity of 8.39%. The company had revenue of $143.48 million during the quarter, compared to the consensus estimate of $143.18 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. equities research analysts anticipate that CubeSmart will post 1.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Thursday, March 29th. CubeSmart’s dividend payout ratio (DPR) is 75.47%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. American International Group Inc. bought a new stake in shares of CubeSmart during the fourth quarter worth approximately $119,000. The Manufacturers Life Insurance Company raised its stake in shares of 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 worth $128,000 after buying an additional 370 shares during the last quarter. Comerica Bank bought a new stake in shares of CubeSmart during the third quarter worth approximately $220,000. Shelton Capital Management bought a new stake in shares of CubeSmart during the fourth quarter worth approximately $249,000. Finally, K2 Principal Fund L.P. bought a new stake in shares of CubeSmart during the fourth quarter worth approximately $289,000.

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About CubeSmart

CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2018 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CubeSmart (NYSE:CUBE)

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