CubeSmart (CUBE) has an average broker rating of 1.82, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 6 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 (CUBE) : 9 investment research analysts covering CubeSmart (CUBE) have an average price target of $34 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $30 for the short term. Analysts expect the variance to be within $2.5 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. CubeSmart (NYSE:CUBE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.09 and $27.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.11, notching a gain of 0.11% for the day. The total traded volume was 1,666,678 . The stock had closed at $28.08 on the previous day.
In a related news, The officer (CFO), of Cubesmart, Martin Timothy M had unloaded 110,046 shares at $26.23 per share in a transaction on August 10, 2015. The total value of transaction was $2,886,507. The Insider information was revealed by 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).