Finally Time to Make a Move? BMO Capital Initiates Coverage On Cubesmart (NYSE:CUBE) with $27.0 Price Target

September 17, 2017 - By Winifred Garcia

 Finally Time to Make a Move? BMO Capital Initiates Coverage On Cubesmart (NYSE:CUBE) with $27.0 Price Target

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.08, from 1.02 in 2016Q3. It improved, as 35 investors sold CubeSmart shares while 76 reduced holdings. 35 funds opened positions while 87 raised stakes. 175.48 million shares or 0.01% less from 175.51 million shares in 2016Q3 were reported.

Virginia-based Thompson Davis And Inc has invested 0% in CubeSmart (NYSE:CUBE). Goldman Sachs Gp Incorporated has 3.89M shares. 586,495 are owned by Ubs Asset Mgmt Americas Inc. Sei Investments Comm accumulated 844,825 shares or 0.11% of the stock. Segall Bryant & Hamill Ltd has 28,819 shares for 0.02% of their portfolio. Ftb Advsr stated it has 0% in CubeSmart (NYSE:CUBE). Grs Advsrs Ltd Liability Corp holds 6.28% or 384,232 shares. Solaris Asset Management Limited Liability Com owns 0.03% invested in CubeSmart (NYSE:CUBE) for 1,750 shares. Cadence Cap Mngmt Limited Liability Company stated it has 0.03% in CubeSmart (NYSE:CUBE). Renaissance Group Llc has invested 0.02% in CubeSmart (NYSE:CUBE). Invesco Limited holds 6.79M shares or 0.06% of its portfolio. D E Shaw Communications holds 0.01% of its portfolio in CubeSmart (NYSE:CUBE) for 125,249 shares. Security Research And Management Incorporated invested in 3.45% or 3.96 million shares. Aqr Cap Lc stated it has 69,729 shares. The France-based Credit Agricole S A has invested 0.01% in CubeSmart (NYSE:CUBE).

Why Has BMO Capital Given Cubesmart (NYSE:CUBE) a $27.0 Price Target

BMO Capital analyst initiated coverage on Cubesmart (NYSE:CUBE) with a $27.0 price target and Hold rating. The price target would indicate a potential upside of 2.62 % from firm’s last stock price.

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.08, from 1.02 in 2016Q3. It improved, as 35 investors sold CubeSmart shares while 76 reduced holdings. 35 funds opened positions while 87 raised stakes. 175.48 million shares or 0.01% less from 175.51 million shares in 2016Q3 were reported.

Virginia-based Thompson Davis And Inc has invested 0% in CubeSmart (NYSE:CUBE). Goldman Sachs Gp Incorporated has 3.89M shares. 586,495 are owned by Ubs Asset Mgmt Americas Inc. Sei Investments Comm accumulated 844,825 shares or 0.11% of the stock. Segall Bryant & Hamill Ltd has 28,819 shares for 0.02% of their portfolio. Ftb Advsr stated it has 0% in CubeSmart (NYSE:CUBE). Grs Advsrs Ltd Liability Corp holds 6.28% or 384,232 shares. Solaris Asset Management Limited Liability Com owns 0.03% invested in CubeSmart (NYSE:CUBE) for 1,750 shares. Cadence Cap Mngmt Limited Liability Company stated it has 0.03% in CubeSmart (NYSE:CUBE). Renaissance Group Llc has invested 0.02% in CubeSmart (NYSE:CUBE). Invesco Limited holds 6.79M shares or 0.06% of its portfolio. D E Shaw Communications holds 0.01% of its portfolio in CubeSmart (NYSE:CUBE) for 125,249 shares. Security Research And Management Incorporated invested in 3.45% or 3.96 million shares. Aqr Cap Lc stated it has 69,729 shares. The France-based Credit Agricole S A has invested 0.01% in CubeSmart (NYSE:CUBE).

CubeSmart (NYSE:CUBE) Ratings Coverage

Among 12 analysts covering CubeSmart (NYSE:CUBE), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. CubeSmart has $37 highest and $2500 lowest target. $30.27’s average target is 15.05% above currents $26.31 stock price. CubeSmart had 28 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, April 19 with “Buy”. The firm earned “Buy” rating on Thursday, July 27 by Cantor Fitzgerald. Jefferies maintained it with “Buy” rating and $30.0 target in Thursday, August 17 report. As per Thursday, May 12, the company rating was maintained by Citigroup. The firm has “Outperform” rating given on Thursday, July 23 by Robert W. Baird. Bank of America downgraded CubeSmart (NYSE:CUBE) rating on Thursday, July 20. Bank of America has “Sell” rating and $2500 target. Jefferies maintained CubeSmart (NYSE:CUBE) on Wednesday, August 10 with “Buy” rating. As per Tuesday, September 8, the company rating was maintained by Evercore. The stock has “Neutral” rating by DA Davidson on Friday, June 24. FBR Capital initiated CubeSmart (NYSE:CUBE) rating on Thursday, June 23. FBR Capital has “Outperform” rating and $35 target.

The stock increased 1.31% or $0.34 on September 15, reaching $26.31. About 2.13M shares traded or 29.09% up from the average. CubeSmart (NYSE:CUBE) has declined 19.28% since September 17, 2016 and is downtrending. It has underperformed by 35.98% the S&P500.

Analysts await CubeSmart (NYSE:CUBE) to report earnings on October, 26. They expect $0.40 earnings per share, up 5.26 % or $0.02 from last year’s $0.38 per share. CUBE’s profit will be $72.06 million for 16.44 P/E if the $0.40 EPS becomes a reality. After $0.39 actual earnings per share reported by CubeSmart for the previous quarter, Wall Street now forecasts 2.56 % EPS growth.

CubeSmart operates as a self-managed and self-administered real estate company. The company has market cap of $4.74 billion. The Firm focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. It has a 45.72 P/E ratio. The Company’s self-storage properties are designed to offer storage space for its residential and commercial customers.

More recent CubeSmart (NYSE:CUBE) news were published by: Globenewswire.com which released: “CubeSmart Provides Update on Hurricane Irma and Hurricane Harvey Impact” on September 11, 2017. Also Streetinsider.com published the news titled: “CubeSmart (CUBE) PT Raised to $28 at Evercore ISI on Post-Hurricane …” on September 14, 2017. Cincinnati.com‘s news article titled: “Union Twp. snags CubeSmart, La-Z-Boy furniture” with publication date: August 24, 2017 was also an interesting one.

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