Robert W. Baird Downgrades CubeSmart (CUBE) to Neutral
Robert W. Baird downgraded shares of CubeSmart (NYSE:CUBE) from an outperform rating to a neutral rating in a research note published on Tuesday, Marketbeat Ratings reports. They currently have $29.00 target price on the real estate investment trust’s stock, up from their previous target price of $27.00.
Several other research firms have also commented on CUBE. B. Riley set a $32.00 price objective on shares of CubeSmart and gave the stock a buy rating in a research note on Tuesday, November 14th. BidaskClub upgraded shares of CubeSmart from a buy rating to a strong-buy rating in a research note on Tuesday, November 7th. Jefferies Group reiterated a buy rating and set a $30.00 price objective on shares of CubeSmart in a research note on Tuesday, October 24th. BMO Capital Markets reiterated a market perform rating and set a $27.00 price objective on shares of CubeSmart in a research note on Monday, September 11th. Finally, Evercore ISI reiterated an outperform rating and set a $28.00 price objective (up previously from $27.00) on shares of CubeSmart in a research note on Thursday, September 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $28.60.
CubeSmart (CUBE) opened at $28.88 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $5,162.35, a P/E ratio of 18.41, a P/E/G ratio of 3.68 and a beta of 0.22. CubeSmart has a 52 week low of $22.83 and a 52 week high of $29.67.
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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.
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