Cubesmart (NYSE:CUBE) Institutional Investor Sentiment Trend

August 29, 2017 - By Michael Collier

 Cubesmart (NYSE:CUBE) Institutional Investor Sentiment Trend

Sentiment for Cubesmart (NYSE:CUBE)

Cubesmart (NYSE:CUBE) institutional sentiment increased to 1.1 in Q4 2016. Its up 0.08, from 1.02 in 2016Q3. The ratio has increased, as 122 hedge funds increased or started new equity positions, while 111 decreased and sold their positions in Cubesmart. The hedge funds in our partner’s database reported: 175.48 million shares, down from 175.51 million shares in 2016Q3. Also, the number of hedge funds holding Cubesmart in their top 10 equity positions decreased from 5 to 3 for a decrease of 2. Sold All: 35 Reduced: 76 Increased: 87 New Position: 35.

CubeSmart operates as a self-managed and self-administered real estate company. The company has market cap of $4.45 billion. The Firm focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. It has a 42.89 P/E ratio. The Company’s self-storage properties are designed to offer storage space for its residential and commercial customers.

It closed at $24.68 lastly. It is down 19.28% since August 29, 2016 and is downtrending. It has underperformed by 35.98% the S&P500.

Grs Advisors Llc holds 6.28% of its portfolio in CubeSmart for 384,232 shares. Presima Inc. owns 1.35 million shares or 5.36% of their US portfolio. Moreover, Security Capital Research & Management Inc has 3.45% invested in the company for 3.96 million shares. The Maryland-based Lasalle Investment Management Securities Llc has invested 3.03% in the stock. American Assets Capital Advisers, a California-based fund reported 146,249 shares.#img1#

CubeSmart (NYSE:CUBE) Ratings Coverage

Ratings analysis reveals 67% of CubeSmart’s analysts are positive. Out of 12 Wall Street analysts rating CubeSmart, 8 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $2500 while the high is $37. The stock’s average target of $30.45 is 23.38% above today’s ($24.68) share price. CUBE was included in 26 notes of analysts from July 21, 2015. Jefferies maintained it with “Buy” rating and $30.0 target in Thursday, August 17 report. The stock has “Buy” rating by BMO Capital Markets on Thursday, March 23. Cantor Fitzgerald maintained CubeSmart (NYSE:CUBE) on Thursday, July 27 with “Buy” rating. The firm earned “Hold” rating on Monday, March 21 by Evercore. Robert W. Baird initiated the shares of CUBE in report on Thursday, July 23 with “Outperform” rating. The stock of CubeSmart (NYSE:CUBE) earned “Outperform” rating by Raymond James on Friday, November 13. The stock has “Neutral” rating by DA Davidson on Friday, June 24. Evercore maintained the shares of CUBE in report on Tuesday, September 8 with “Buy” rating. The company was maintained on Friday, July 14 by Jefferies. The company was maintained on Thursday, May 12 by Citigroup.

More news for CubeSmart (NYSE:CUBE) were recently published by: Theadvocate.com, which released: “Zoning permit requested for proposed Racetrac, CubeSmart at Gonzales’ La. 30 …” on August 09, 2017. Cincinnati.com‘s article titled: “Union Twp. snags CubeSmart, La-Z-Boy furniture” and published on August 24, 2017 is yet another important article.

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