CubeSmart (NYSE:CUBE) Raised to “Hold” at Wall Street Zen

CubeSmart (NYSE:CUBE) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company reduced their target price on shares of CubeSmart from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft downgraded CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research note on Tuesday, January 20th. UBS Group decreased their price objective on CubeSmart from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of CubeSmart in a report on Monday, December 8th. Finally, Evercore decreased their price target on CubeSmart from $49.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $44.13.

CubeSmart Stock Performance

Shares of CubeSmart stock opened at $40.31 on Friday. The firm’s fifty day simple moving average is $37.51 and its 200-day simple moving average is $38.64. CubeSmart has a 12 month low of $34.24 and a 12 month high of $44.13. The stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 12.35 and a beta of 1.12. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.47 and a quick ratio of 0.47.

Institutional Investors Weigh In On CubeSmart

Institutional investors have recently made changes to their positions in the stock. Diamond Hill Capital Management Inc. boosted its stake in shares of CubeSmart by 4.4% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,813,777 shares of the real estate investment trust’s stock worth $73,748,000 after acquiring an additional 75,855 shares in the last quarter. Aew Capital Management L P increased its stake in CubeSmart by 164,585.0% in the 2nd quarter. Aew Capital Management L P now owns 658,740 shares of the real estate investment trust’s stock valued at $27,996,000 after purchasing an additional 658,340 shares in the last quarter. Capital Fund Management S.A. acquired a new position in CubeSmart during the second quarter worth $1,583,000. Retirement Systems of Alabama boosted its position in CubeSmart by 5.4% during the third quarter. Retirement Systems of Alabama now owns 639,109 shares of the real estate investment trust’s stock worth $25,986,000 after purchasing an additional 32,697 shares in the last quarter. Finally, Davidson Investment Advisors grew its holdings in CubeSmart by 29.3% in the third quarter. Davidson Investment Advisors now owns 460,024 shares of the real estate investment trust’s stock valued at $18,705,000 after purchasing an additional 104,283 shares during the last quarter. 97.61% of the stock is currently owned by hedge funds and other institutional investors.

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.