How Will Cubesmart (NYSE:CUBE) Stock React To New Rating Coverage byBMO Capital?

September 17, 2017 - By Darrin Black

 How Will Cubesmart (NYSE:CUBE) Stock React To New Rating Coverage byBMO Capital?

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.08, from 1.02 in 2016Q3. It increased, 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.

13,158 were accumulated by 1St Global Advsrs. Pnc Financial Ser Group Inc has invested 0% in CubeSmart (NYSE:CUBE). Bessemer Group Inc holds 205 shares. Tiaa Cref Limited Liability stated it has 0.01% of its portfolio in CubeSmart (NYSE:CUBE). Waratah Capital Ltd owns 514,674 shares for 2.05% of their portfolio. Guggenheim Lc holds 530,989 shares. Metropolitan Life Insur stated it has 0% of its portfolio in CubeSmart (NYSE:CUBE). Segall Bryant Hamill Ltd reported 0.02% stake. Kbc Nv holds 0.07% in CubeSmart (NYSE:CUBE) or 251,865 shares. Cornerstone Management Lc holds 0.02% or 94,432 shares. Us Fincl Bank De has invested 0% in CubeSmart (NYSE:CUBE). Ftb Advsrs Incorporated reported 430 shares. Panagora Asset Management Incorporated invested in 389,894 shares or 0.05% of the stock. Thompson Davis & Inc holds 0% of its portfolio in CubeSmart (NYSE:CUBE) for 109 shares. Stephens Ar reported 0.14% stake.

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

New York: Cubesmart (NYSE:CUBE) coverage was started with a key ‘”Hold”‘ rating as well as a $27.0 target price per share at BMO Capital. The TP by BMO Capital indicates upside of 2.62 % from the last price.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.08, from 1.02 in 2016Q3. It increased, 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.

13,158 were accumulated by 1St Global Advsrs. Pnc Financial Ser Group Inc has invested 0% in CubeSmart (NYSE:CUBE). Bessemer Group Inc holds 205 shares. Tiaa Cref Limited Liability stated it has 0.01% of its portfolio in CubeSmart (NYSE:CUBE). Waratah Capital Ltd owns 514,674 shares for 2.05% of their portfolio. Guggenheim Lc holds 530,989 shares. Metropolitan Life Insur stated it has 0% of its portfolio in CubeSmart (NYSE:CUBE). Segall Bryant Hamill Ltd reported 0.02% stake. Kbc Nv holds 0.07% in CubeSmart (NYSE:CUBE) or 251,865 shares. Cornerstone Management Lc holds 0.02% or 94,432 shares. Us Fincl Bank De has invested 0% in CubeSmart (NYSE:CUBE). Ftb Advsrs Incorporated reported 430 shares. Panagora Asset Management Incorporated invested in 389,894 shares or 0.05% of the stock. Thompson Davis & Inc holds 0% of its portfolio in CubeSmart (NYSE:CUBE) for 109 shares. Stephens Ar reported 0.14% stake.

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 stock has “Buy” rating by BB&T Capital on Wednesday, November 11. FBR Capital initiated CubeSmart (NYSE:CUBE) rating on Thursday, June 23. FBR Capital has “Outperform” rating and $35 target. The firm has “Buy” rating by Jefferies given on Thursday, August 17. The firm earned “Neutral” rating on Friday, January 20 by Bank of America. The firm earned “Outperform” rating on Friday, November 13 by Raymond James. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, March 23 report. The rating was maintained by Jefferies on Wednesday, August 10 with “Buy”. The firm has “Sell” rating by Bank of America given on Thursday, July 20. The stock has “Hold” rating by Evercore on Monday, March 21. The stock of CubeSmart (NYSE:CUBE) has “Buy” rating given on Monday, June 12 by Jefferies.

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: Streetinsider.com which released: “CubeSmart (CUBE) PT Raised to $28 at Evercore ISI on Post-Hurricane …” on September 14, 2017. Also Globenewswire.com published the news titled: “CubeSmart Provides Update on Hurricane Irma and Hurricane Harvey Impact” on September 11, 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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