CubeSmart (NYSE:CUBE) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of CubeSmart (NYSE:CUBEFree Report) from a hold rating to a sell rating in a research report sent to investors on Sunday.

Several other research firms also recently issued reports on CUBE. Mizuho reduced their price target on CubeSmart from $43.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Truist Financial reduced their target price on shares of CubeSmart from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Evercore dropped their price objective on shares of CubeSmart from $49.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Barclays cut their price objective on shares of CubeSmart from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, CubeSmart presently has an average rating of “Hold” and a consensus target price of $44.13.

Read Our Latest Report on CUBE

CubeSmart Stock Up 2.3%

CubeSmart stock opened at $41.15 on Friday. The stock has a market cap of $9.38 billion, a P/E ratio of 28.38, a P/E/G ratio of 12.76 and a beta of 1.10. The company has a quick ratio of 0.47, a current ratio of 0.04 and a debt-to-equity ratio of 1.24. CubeSmart has a twelve month low of $34.24 and a twelve month high of $44.13. The company’s 50-day moving average price is $37.93 and its two-hundred day moving average price is $38.68.

CubeSmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, April 1st. CubeSmart’s dividend payout ratio (DPR) is 146.21%.

Institutional Investors Weigh In On CubeSmart

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wiser Advisor Group LLC bought a new position in shares of CubeSmart in the 3rd quarter valued at $28,000. True Wealth Design LLC lifted its position in shares of CubeSmart by 308.2% during the 2nd quarter. True Wealth Design LLC now owns 694 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 524 shares during the last quarter. Private Trust Co. NA boosted its stake in CubeSmart by 209.6% in the third quarter. Private Trust Co. NA now owns 706 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 478 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in CubeSmart by 174.8% in the second quarter. Geneos Wealth Management Inc. now owns 893 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 568 shares in the last quarter. Finally, Huntington National Bank grew its position in CubeSmart by 43.3% in the third quarter. Huntington National Bank now owns 977 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 295 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors.

Key CubeSmart News

Here are the key news stories impacting CubeSmart this week:

CubeSmart Company Profile

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CubeSmart (NYSE: CUBE) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and management of self-storage facilities across the United States. The company’s portfolio comprises properties in primary and secondary markets, catering to both individual and business customers seeking flexible, short-term and long-term storage solutions. CubeSmart’s facilities feature a range of unit sizes, climate-controlled options and advanced security features, supported by on-site managers and centralized customer service operations.

In addition to traditional self-storage units, CubeSmart offers specialty services such as vehicle and boat storage, retail sales of packing and moving supplies, and tenant insurance programs.

Further Reading

Analyst Recommendations for CubeSmart (NYSE:CUBE)

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