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.

Institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its stake in CubeSmart by 10.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,782,647 shares of the real estate investment trust’s stock valued at $42,855,000 after purchasing an additional 168,284 shares in the last quarter. Prudential Financial Inc. increased its stake in CubeSmart by 2.9% during the 3rd quarter. Prudential Financial Inc. now owns 3,051,854 shares of the real estate investment trust’s stock valued at $79,226,000 after purchasing an additional 84,926 shares in the last quarter. Northern Trust Corp increased its stake in CubeSmart by 7.0% during the 2nd quarter. Northern Trust Corp now owns 1,747,835 shares of the real estate investment trust’s stock valued at $42,018,000 after purchasing an additional 113,864 shares in the last quarter. Numeric Investors LLC acquired a new position in CubeSmart during the 2nd quarter valued at approximately $1,231,000. Finally, Century Capital Management LLC increased its stake in CubeSmart by 12.3% during the 2nd quarter. Century Capital Management LLC now owns 152,350 shares of the real estate investment trust’s stock valued at $3,662,000 after purchasing an additional 16,665 shares in the last quarter.

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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.

Analyst Recommendations for CubeSmart (NYSE:CUBE)

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