CubeSmart (CUBE) : Average target price received by CubeSmart (CUBE) is $32.78 with an expected standard deviation of $2.44. The most aggressive target on the stock is $37, whereas the most downbeat target is $30. 9 financial analysts are currently covering the stock.
CubeSmart (CUBE) : The consensus on CubeSmart (CUBE) based on 11 analyst recommendation on the company stock is 1.82, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Also, Major Brokerage house, Jefferies maintains its ratings on CubeSmart (NYSE:CUBE). In the latest research report, Jefferies lowers the target price from $39 per share to $37 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 10, 2016.
CubeSmart (NYSE:CUBE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.53 and $27.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.89, notching a gain of 1.31% for the day. The total traded volume was 1,721,010 . The stock had closed at $27.53 on the previous day.
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).