CubeSmart (NYSE:CUBE) Given New $46.00 Price Target at Royal Bank Of Canada

CubeSmart (NYSE:CUBE) had its target price hoisted by research analysts at Royal Bank Of Canada from $43.00 to $46.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target points to a potential upside of 11.54% from the company’s previous close.

A number of other equities research analysts have also weighed in on CUBE. Deutsche Bank Aktiengesellschaft lowered CubeSmart from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research note on Tuesday, January 20th. UBS Group reduced their price objective on shares of CubeSmart from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Wall Street Zen lowered shares of CubeSmart from a “hold” rating to a “sell” rating in a research note on Sunday. Evercore decreased their price target on CubeSmart from $49.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Finally, Wells Fargo & Company cut their price objective on CubeSmart from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.13.

CubeSmart Stock Up 0.2%

CUBE stock traded up $0.10 during trading on Monday, reaching $41.24. The stock had a trading volume of 614,869 shares, compared to its average volume of 2,377,503. The company has a current ratio of 0.04, a quick ratio of 0.47 and a debt-to-equity ratio of 1.24. The firm has a fifty day moving average price of $37.93 and a 200 day moving average price of $38.68. The company has a market capitalization of $9.40 billion, a P/E ratio of 28.44, a PEG ratio of 12.76 and a beta of 1.10. CubeSmart has a 1-year low of $34.24 and a 1-year high of $44.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of CubeSmart by 1.3% during the first quarter. Royal Bank of Canada now owns 173,960 shares of the real estate investment trust’s stock valued at $7,429,000 after purchasing an additional 2,284 shares in the last quarter. Jones Financial Companies Lllp increased its stake in CubeSmart by 944.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,091 shares of the real estate investment trust’s stock valued at $303,000 after buying an additional 6,412 shares during the period. Goldman Sachs Group Inc. raised its position in shares of CubeSmart by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 484,293 shares of the real estate investment trust’s stock worth $20,684,000 after buying an additional 19,476 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of CubeSmart in the 1st quarter worth approximately $270,000. Finally, Arkadios Wealth Advisors lifted its holdings in CubeSmart by 12.3% in the 2nd quarter. Arkadios Wealth Advisors now owns 11,095 shares of the real estate investment trust’s stock valued at $472,000 after acquiring an additional 1,217 shares during the last quarter. Institutional investors own 97.61% of the company’s stock.

CubeSmart Company Profile

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.