Analysts take a look at CubeSmart (NYSE:CUBE) having this to say.

September 30, 2018 - By Margaret Guttierez

CubeSmart (NYSE:CUBE) LogoInvestors sentiment decreased to 1 in 2018 Q2. Its down 0.25, from 1.25 in 2018Q1. It dived, as 16 investors sold CubeSmart shares while 94 reduced holdings. 44 funds opened positions while 66 raised stakes. 177.83 million shares or 0.84% more from 176.34 million shares in 2018Q1 were reported.
Cibc Asset reported 0% stake. Amica Mutual Insur Company holds 0.37% or 94,781 shares in its portfolio. Los Angeles Management Equity has 0.02% invested in CubeSmart (NYSE:CUBE). Fmr Ltd holds 648,000 shares. Cohen And Steers Incorporated invested 0.99% of its portfolio in CubeSmart (NYSE:CUBE). Price T Rowe Md holds 0.02% or 3.51M shares in its portfolio. Panagora Asset Mngmt owns 6,500 shares. Carlson Capital L P invested in 842,231 shares. Apg Asset Management Nv holds 30,600 shares or 0% of its portfolio. 14,287 are held by M&T Bancorp Corp. California Public Employees Retirement Sys invested in 0.02% or 340,094 shares. Voya Investment Management Limited Liability Company holds 0.01% or 136,410 shares in its portfolio. United Services Automobile Association owns 32,102 shares. Tdam Usa Inc invested 0.07% in CubeSmart (NYSE:CUBE). Marshall Wace Ltd Liability Partnership owns 191,326 shares for 0.09% of their portfolio.

Since May 4, 2018, it had 0 insider purchases, and 3 insider sales for $8.69 million activity. MARTIN TIMOTHY M had sold 3,738 shares worth $111,953. $6.43M worth of CubeSmart (NYSE:CUBE) was sold by MARR CHRISTOPHER P on Friday, May 4.

CubeSmart (NYSE:CUBE) Ratings Coverage

Among 4 analysts covering Cubesmart (NYSE:CUBE), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Cubesmart had 5 analyst reports since May 8, 2018 according to SRatingsIntel. As per Tuesday, July 17, the company rating was downgraded by Jefferies. The company was upgraded on Monday, September 10 by Evercore. On Monday, July 16 the stock rating was maintained by Bank of America with “Neutral”. The rating was upgraded by Bank of America to “Hold” on Tuesday, May 8. The stock has “Neutral” rating by Citigroup on Thursday, July 12. Below is a list of CubeSmart (NYSE:CUBE) latest ratings and price target changes.

10/09/2018 Broker: Evercore Old Rating: In-Line New Rating: Outperform Upgrade
17/07/2018 Broker: Jefferies Old Rating: Buy New Rating: Hold Old Target: $37 Downgrade
16/07/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $33 New Target: $34 Maintain
12/07/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $29 New Target: $33 Maintain
08/05/2018 Broker: Bank of America Rating: Hold New Target: $32.0000 Upgrade

The stock increased 1.75% or $0.49 during the last trading session, reaching $28.53. About 2.35 million shares traded or 74.71% up from the average. CubeSmart (NYSE:CUBE) has risen 20.61% since September 30, 2017 and is uptrending. It has outperformed by 4.99% the S&P500.

CubeSmart is an equity real estate investment trust. The company has market cap of $5.36 billion. The firm invests in the real estate markets of the United States. It has a 34.79 P/E ratio. It engages in ownership, operation, acquisition and development of self-storage facilities.

More news for CubeSmart (NYSE:CUBE) were recently published by: Globenewswire.com, which released: “New Research: Key Drivers of Growth for Physicians Realty Trust, AppFolio, Adient, CubeSmart, China Petroleum …” on September 26, 2018. Nasdaq.com‘s article titled: “Recent Analysis Shows Enanta Pharmaceuticals, Multi-Color, Otter Tail, Franklin Resources, CubeSmart, and EnPro …” and published on September 25, 2018 is yet another important article.

CubeSmart (NYSE:CUBE) Institutional Positions Chart

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