Cubesmart (NYSE:CUBE) Moves On BMO Capital Initiation. How Much Are Shares Worth?

September 17, 2017 - By Vivian Currie

 Cubesmart (NYSE:CUBE) Moves On BMO Capital Initiation. How Much Are Shares Worth?

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

Morgan Stanley accumulated 1.28 million shares or 0.01% of the stock. State Board Of Administration Of Florida Retirement System holds 0.01% or 153,775 shares in its portfolio. Cornerstone Cap Mngmt Hldgs Ltd Liability Corporation, New York-based fund reported 94,432 shares. Grs Advsr Ltd Liability Company holds 384,232 shares or 6.28% of its portfolio. Waterfront Prtn Lc invested in 2.21% or 516,606 shares. 19,784 are owned by Metropolitan Life Ins Commerce Ny. Bessemer Group Incorporated has invested 0% in CubeSmart (NYSE:CUBE). Moreover, Pictet Bank Ltd has 0.07% invested in CubeSmart (NYSE:CUBE). 5.82 million are held by Deutsche Comml Bank Ag. New York State Common Retirement Fund owns 0.01% invested in CubeSmart (NYSE:CUBE) for 384,200 shares. Stevens Mgmt Ltd Partnership owns 0.07% invested in CubeSmart (NYSE:CUBE) for 62,591 shares. Nuveen Asset Management Limited Com holds 0.28% in CubeSmart (NYSE:CUBE) or 2.05M shares. Paradigm Asset Mgmt Co Llc reported 22,400 shares or 0% of all its holdings. North Star Invest Mngmt reported 0% of its portfolio in CubeSmart (NYSE:CUBE). Renaissance Grp Ltd Liability holds 14,267 shares or 0.02% of its portfolio.

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

BMO Capital began its coverage for Cubesmart (NYSE:CUBE), this morning Monday, 11 September. The financial firm found the stock of CUBE quite attractive and now has a PT of $27.0 with a key Hold rating.

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

Morgan Stanley accumulated 1.28 million shares or 0.01% of the stock. State Board Of Administration Of Florida Retirement System holds 0.01% or 153,775 shares in its portfolio. Cornerstone Cap Mngmt Hldgs Ltd Liability Corporation, New York-based fund reported 94,432 shares. Grs Advsr Ltd Liability Company holds 384,232 shares or 6.28% of its portfolio. Waterfront Prtn Lc invested in 2.21% or 516,606 shares. 19,784 are owned by Metropolitan Life Ins Commerce Ny. Bessemer Group Incorporated has invested 0% in CubeSmart (NYSE:CUBE). Moreover, Pictet Bank Ltd has 0.07% invested in CubeSmart (NYSE:CUBE). 5.82 million are held by Deutsche Comml Bank Ag. New York State Common Retirement Fund owns 0.01% invested in CubeSmart (NYSE:CUBE) for 384,200 shares. Stevens Mgmt Ltd Partnership owns 0.07% invested in CubeSmart (NYSE:CUBE) for 62,591 shares. Nuveen Asset Management Limited Com holds 0.28% in CubeSmart (NYSE:CUBE) or 2.05M shares. Paradigm Asset Mgmt Co Llc reported 22,400 shares or 0% of all its holdings. North Star Invest Mngmt reported 0% of its portfolio in CubeSmart (NYSE:CUBE). Renaissance Grp Ltd Liability holds 14,267 shares or 0.02% of its portfolio.

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. As per Friday, June 24, the company rating was initiated by DA Davidson. The company was maintained on Tuesday, September 8 by Evercore. Jefferies maintained the stock with “Buy” rating in Wednesday, April 19 report. The company was downgraded on Friday, November 13 by Raymond James. The company was initiated on Thursday, July 23 by Robert W. Baird. BB&T Capital initiated CubeSmart (NYSE:CUBE) rating on Wednesday, November 11. BB&T Capital has “Buy” rating and $32.50 target. The firm has “Neutral” rating by Bank of America given on Friday, January 20. The firm has “Sell” rating by Bank of America given on Thursday, July 20. On Friday, July 14 the stock rating was maintained by Jefferies with “Buy”. The stock has “Buy” rating by Jefferies on Thursday, August 17.

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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