The stock of CubeSmart (NYSE:CUBE) is a huge mover today! CubeSmart (NYSE:CUBE) has declined 17.04% since March 3, 2016 and is downtrending. It has underperformed by 25.38% the S&P500.
The move comes after 6 months positive chart setup for the $4.66B company. It was reported on Oct, 6 by Barchart.com. We have $37.54 PT which if reached, will make NYSE:CUBE worth $2.05 billion more.
Analysts await CubeSmart (NYSE:CUBE) to report earnings on November, 3. They expect $0.37 EPS, up 8.82% or $0.03 from last year’s $0.34 per share. CUBE’s profit will be $66.14M for 17.61 P/E if the $0.37 EPS becomes a reality. After $0.36 actual EPS reported by CubeSmart for the previous quarter, Wall Street now forecasts 2.78% EPS growth.
CubeSmart (NYSE:CUBE) Ratings Coverage
Out of 11 analysts covering CubeSmart (NYSE:CUBE), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. CubeSmart has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of CubeSmart (NYSE:CUBE) earned “Outperform” rating by Raymond James on Friday, November 13. The stock has “Buy” rating given by Evercore on Tuesday, September 8. The stock of CubeSmart (NYSE:CUBE) has “Buy” rating given on Wednesday, November 11 by BB&T Capital. The company was maintained on Thursday, May 12 by Citigroup. The rating was initiated by DA Davidson on Friday, June 24 with “Neutral”. The firm earned “Outperform” rating on Thursday, June 23 by FBR Capital. The rating was initiated by Robert W. Baird with “Outperform” on Thursday, July 23. As per Monday, March 21, the company rating was downgraded by Evercore. Jefferies maintained CubeSmart (NYSE:CUBE) on Wednesday, August 10 with “Buy” rating.
According to Zacks Investment Research, “CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition and development of self storage facilities in the United States. Its self storage facilities are designed to offer storage space for residential and commercial customers. CubeSmart, formally known as U-Store-It Trust, is based in Wayne, Pennsylvania.”
Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.46, from 1.44 in 2016Q1. The ratio fall, as 22 funds sold all CubeSmart shares owned while 96 reduced positions. 39 funds bought stakes while 77 increased positions. They now own 178.71 million shares or 0.94% less from 180.40 million shares in 2016Q1.
The United Kingdom-based Blackrock Group has invested 0.02% in CubeSmart (NYSE:CUBE). Eagle Asset holds 1.63M shares or 0.35% of its portfolio. Citadel Limited Liability Com reported 268,312 shares or 0.01% of all its holdings. Moreover, Schroder Grp has 0.05% invested in CubeSmart (NYSE:CUBE) for 773,178 shares. Spot Trading Ltd Liability Corporation holds 0% of its portfolio in CubeSmart (NYSE:CUBE) for 1,411 shares. The New Jersey-based Quadrant Capital Mngmt Ltd Liability Company has invested 1% in CubeSmart (NYSE:CUBE). Rafferty Asset Management Ltd Company last reported 19,108 shares in the company. Moreover, Barclays Public Ltd has 0.01% invested in CubeSmart (NYSE:CUBE) for 198,377 shares. Nationwide Fund Advsrs accumulated 0.02% or 115,680 shares. Tdam Usa holds 41,185 shares or 0.06% of its portfolio. Axa reported 4,046 shares or 0% of all its holdings. Moreover, Brown Brothers Harriman & has 0% invested in CubeSmart (NYSE:CUBE) for 183 shares. Marshall Wace Ltd Liability Partnership holds 0.01% of its portfolio in CubeSmart (NYSE:CUBE) for 25,400 shares. Dimensional Fund Advisors Lp last reported 0.04% of its portfolio in the stock. The Texas-based Next Grp has invested 0.01% in CubeSmart (NYSE:CUBE).
Insider Transactions: Since August 31, 2016, the stock had 0 insider buys, and 2 insider sales for $1.18 million net activity. DIEFENDERFER WILLIAM M III also sold $80,689 worth of CubeSmart (NYSE:CUBE) on Friday, September 9. On Wednesday, August 31 KELER MARIANNE M sold $1.10 million worth of the stock or 40,000 shares.
Another recent and important CubeSmart (NYSE:CUBE) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: CubeSmart, WP Carey and State Street” on September 27, 2016.
CUBE Company Profile
CubeSmart, incorporated on July 26, 2004, operates as a self-managed and self-administered real estate investment trust (REIT). The Company’s activities are conducted solely through CubeSmart, L.P. (the Operating Partnership) and its subsidiaries. The Firm is focused primarily on the ownership, operation, management, acquisition and development of self-storage facilities in the United States. The Company’s self-storage facilities offer storage space for its residential and commercial clients with features, such as wide aisles and loadbearing capabilities for large truck access. The Company’s self-storage facilities are located in metropolitan areas, as well as suburban areas. The Firm owns over 440 self-storage facilities located in over 20 states and in the District of Columbia containing an aggregate of approximately 30.4 million rentable square feet. It also enables the clients to rent storage cubes for their use, typically on a month-to-month basis.
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