Cubesmart (NYSE:CUBE) Hit With “Hold” Rating From BMO Capital, Analysts Expect $27.0 Stock Price

September 17, 2017 - By Marie Mckinney

 Cubesmart (NYSE:CUBE) Hit With

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.08, from 1.02 in 2016Q3. It is positive, as 35 investors sold CubeSmart shares while 76 reduced holdings. 35 funds opened positions while 87 raised stakes. 175.48 million shares or 0.01% less from 175.51 million shares in 2016Q3 were reported.

Northern holds 1.58M shares or 0.01% of its portfolio. Tarbox Group Incorporated, a California-based fund reported 91 shares. Raymond James Fin Svcs Advsr accumulated 8,831 shares. M&T Bancorp holds 31,257 shares or 0.01% of its portfolio. Spirit Of America Management Corporation New York has 0.06% invested in CubeSmart (NYSE:CUBE) for 20,000 shares. Pennsylvania invested in 0.12% or 57,177 shares. Zacks Management holds 0.02% in CubeSmart (NYSE:CUBE) or 32,395 shares. Jpmorgan Chase owns 3.47M shares. Principal Fincl Gru reported 0.25% in CubeSmart (NYSE:CUBE). Ftb Advsr Incorporated accumulated 430 shares. Green Street Invsts Ltd invested 0.99% of its portfolio in CubeSmart (NYSE:CUBE). Raymond James Assocs accumulated 49,165 shares. 73,700 were reported by Intact Investment Mngmt. Metropolitan Life Ny owns 19,784 shares. 1.05M are held by Diamond Hill Cap.

Why Has BMO Capital Given Cubesmart (NYSE:CUBE) a $27.0 Price Target

New York: Cubesmart (NYSE:CUBE) coverage was started with a key ‘”Hold”‘ rating as well as a $27.0 target price per share at BMO Capital. The price target by BMO Capital suggests upside of 2.62 % from the close price.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.08, from 1.02 in 2016Q3. It is positive, as 35 investors sold CubeSmart shares while 76 reduced holdings. 35 funds opened positions while 87 raised stakes. 175.48 million shares or 0.01% less from 175.51 million shares in 2016Q3 were reported.

Northern holds 1.58M shares or 0.01% of its portfolio. Tarbox Group Incorporated, a California-based fund reported 91 shares. Raymond James Fin Svcs Advsr accumulated 8,831 shares. M&T Bancorp holds 31,257 shares or 0.01% of its portfolio. Spirit Of America Management Corporation New York has 0.06% invested in CubeSmart (NYSE:CUBE) for 20,000 shares. Pennsylvania invested in 0.12% or 57,177 shares. Zacks Management holds 0.02% in CubeSmart (NYSE:CUBE) or 32,395 shares. Jpmorgan Chase owns 3.47M shares. Principal Fincl Gru reported 0.25% in CubeSmart (NYSE:CUBE). Ftb Advsr Incorporated accumulated 430 shares. Green Street Invsts Ltd invested 0.99% of its portfolio in CubeSmart (NYSE:CUBE). Raymond James Assocs accumulated 49,165 shares. 73,700 were reported by Intact Investment Mngmt. Metropolitan Life Ny owns 19,784 shares. 1.05M are held by Diamond Hill Cap.

CubeSmart (NYSE:CUBE) Ratings Coverage

Among 12 analysts covering CubeSmart (NYSE:CUBE), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. CubeSmart has $37 highest and $2500 lowest target. $30.27’s average target is 15.05% above currents $26.31 stock price. CubeSmart had 28 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $37 target in Wednesday, August 10 report. The rating was maintained by Citigroup with “Neutral” on Thursday, May 12. The firm has “Buy” rating by BMO Capital Markets given on Thursday, March 23. The rating was downgraded by Raymond James to “Outperform” on Friday, November 13. The firm has “Outperform” rating given on Thursday, June 23 by FBR Capital. The rating was downgraded by Bank of America on Friday, January 20 to “Neutral”. The stock has “Neutral” rating by DA Davidson on Friday, June 24. The firm has “Buy” rating given on Thursday, August 17 by Jefferies. The rating was initiated by Robert W. Baird on Thursday, July 23 with “Outperform”. The stock has “Hold” rating by Evercore on Monday, March 21.

The stock increased 1.31% or $0.34 on September 15, reaching $26.31. About 2.13M shares traded or 29.09% up from the average. CubeSmart (NYSE:CUBE) has declined 19.28% since September 17, 2016 and is downtrending. It has underperformed by 35.98% the S&P500.

Analysts await CubeSmart (NYSE:CUBE) to report earnings on October, 26. They expect $0.40 earnings per share, up 5.26 % or $0.02 from last year’s $0.38 per share. CUBE’s profit will be $72.06 million for 16.44 P/E if the $0.40 EPS becomes a reality. After $0.39 actual earnings per share reported by CubeSmart for the previous quarter, Wall Street now forecasts 2.56 % EPS growth.

CubeSmart operates as a self-managed and self-administered real estate company. The company has market cap of $4.74 billion. The Firm focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. It has a 45.72 P/E ratio. The Company’s self-storage properties are designed to offer storage space for its residential and commercial customers.

More recent CubeSmart (NYSE:CUBE) news were published by: Globenewswire.com which released: “CubeSmart Provides Update on Hurricane Irma and Hurricane Harvey Impact” on September 11, 2017. Also Cincinnati.com published the news titled: “Union Twp. snags CubeSmart, La-Z-Boy furniture” on August 24, 2017. Streetinsider.com‘s news article titled: “CubeSmart (CUBE) PT Raised to $28 at Evercore ISI on Post-Hurricane …” with publication date: September 14, 2017 was also an interesting one.

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