CubeSmart (NYSE:CUBE) has an average broker rating of 1.75, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
CubeSmart (NYSE:CUBE) : Average target price received by CubeSmart (NYSE:CUBE) is $34.85 with an expected standard deviation of $1.16. The most aggressive target on the stock is $37, whereas the most downbeat target is $33. 10 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, DA Davidson initiates coverage on CubeSmart (NYSE:CUBE). The shares have now been rated Neutral by the stock experts at the ratings house. DA Davidson announces the current price target of $35 per share on CubeSmart. The rating by the firm was issued on June 24, 2016.
CubeSmart (NYSE:CUBE): stock turned positive on Tuesday. Though the stock opened at $30.42, the bulls momentum made the stock top out at $30.76 level for the day. The stock recorded a low of $30.25 and closed the trading day at $30.66, in the green by 1.56%. The total traded volume for the day was 2,277,970. The stock had closed at $30.19 in the previous days trading.
In an insider trading activity,The officer (CFO) of Cubesmart, Martin Timothy M sold 110,046 shares at $26.23 on August 10, 2015. The Insider selling transaction had a total value worth of $2,886,507. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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).