Many CubeSmart(CUBE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. CubeSmart was Downgraded by BofA/Merrill to Neutral on Jan 20, 2017.
Company has reported several Insider transactions to the SEC, on Sep 9, 2016, William M Iii Diefenderfer (director) sold 2,961 shares at 27.25 per share price.On Sep 2, 2016, Marianne M Keler (director) sold 40,000 shares at 27.50 per share price.On Aug 12, 2015, Timothy M Martin (CFO) sold 110,046 shares at 26.23 per share price.
CubeSmart Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.37. The company had revenue of $132.10 million for the quarter, compared to analysts expectations of $131.14 million. The companys revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
CubeSmart (NYSE:CUBE) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2 by 11 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
CubeSmart (NYSE:CUBE): According to 9 Analysts, The short term target price has been estimated at $ 29.89.The target price could deviate by a maximum of $2.09 from the forecast price. In the near term, the target price could hit a high of $33 and a low of $ 27.
CubeSmart (NYSE:CUBE) witnessed a decline in the market cap on Tuesday as its shares dropped 2.5% or 0.65 points. After the session commenced at $26, the stock reached the higher end at $26 while it hit a low of $25.26. With the volume soaring to 1,858,742 shares, the last trade was called at $25.35. The company has a 52-week high of $33.52. The company has a market cap of $4,564 million and there are 180,038,120 shares in outstanding. The 52-week low of the share price is $23.65.
CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self storage facilities in the United States. Its self storage facilities are designed to offer storage space for residential and commercial customers. CubeSmart, formally known as U-Store-It Trust, is based in Wayne, Pennsylvania.