CubeSmart (CUBE) Given a $32.00 Price Target at B. Riley

B. Riley set a $32.00 target price on CubeSmart (NYSE:CUBE) in a research report report published on Tuesday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently issued reports on the company. BidaskClub upgraded CubeSmart from a buy rating to a strong-buy rating in a report on Tuesday, November 7th. SunTrust Banks, Inc. reiterated a hold rating and issued a $25.00 price objective on shares of CubeSmart in a report on Friday, October 27th. FBR & Co reiterated a buy rating and issued a $32.00 price objective on shares of CubeSmart in a report on Friday, October 27th. Cantor Fitzgerald reiterated a buy rating and issued a $28.00 price objective on shares of CubeSmart in a report on Thursday, October 26th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $30.00 price objective on shares of CubeSmart in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $28.10.

CubeSmart (NYSE CUBE) traded up $0.08 during mid-day trading on Tuesday, reaching $29.21. The company had a trading volume of 1,349,400 shares, compared to its average volume of 1,624,925. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.00. CubeSmart has a 12 month low of $22.83 and a 12 month high of $29.67. The firm has a market cap of $5,269.08, a PE ratio of 18.79, a price-to-earnings-growth ratio of 3.76 and a beta of 0.20.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in CUBE. The Manufacturers Life Insurance Company lifted its stake in CubeSmart by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,341 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 370 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in CubeSmart by 31.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,400 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 1,306 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in CubeSmart by 3.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 7,568 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 283 shares in the last quarter. World Asset Management Inc purchased a new position in CubeSmart in the 3rd quarter worth approximately $200,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in CubeSmart in the 3rd quarter worth approximately $211,000.

CubeSmart Company Profile

CubeSmart operates as a self-managed and self-administered real estate company. The Company focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. Its self-storage properties are designed to offer storage space for its residential and commercial customers.

Analyst Recommendations for CubeSmart (NYSE:CUBE)

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