Analyst Rating Update on CubeSmart (CUBE)

CubeSmart (CUBE) : 11 analysts are covering CubeSmart (CUBE) and their average rating on the stock is 2, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. CubeSmart (CUBE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CubeSmart (CUBE) : The highest level CubeSmart (CUBE) is projected to reach is $39 for the short term and the lowest estimate is at $32. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $34.56 and the possibility the share price can swing is $2.01.

For the current week, the company shares have a recommendation consensus of Buy.


CubeSmart (NYSE:CUBE): The stock opened at $29.26 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.26 for the day. The stock traded down to $28.69 during the day, due to lack of any buying support eventually closed down at $28.89 with a loss of -1.33% for the day. The stock had closed at $29.28 on the previous day. The total traded volume was 1,400,036 shares.

CubeSmart is a self-administered and self-managed real estate company focused primarily on the ownership, operation, management, acquisition and development of self-storage facilities in the United States. The Companys self-storage facilities offer storage space for its residential and commercial customers with features, such as wide aisles and loadbearing capabilities for large truck access. As of December 31, 2014, the Company owned 421 self-storage facilities located in 22 states of the United States and in the District of Columbia containing an aggregate of approximately 28.6 million rentable square feet. As of December 31, 2014, the Company managed 174 facilities for third parties (including 35 facilities containing an aggregate of approximately 2.4 million rentable square feet as part of an unconsolidated real estate venture in which it owns a 50% interest).

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