BMO Capital Begins Covering Cubesmart (NYSE:CUBE) Stock. “Shares to Hit $27.0”

September 17, 2017 - By Marguerite Chambers

 BMO Capital Begins Covering Cubesmart (NYSE:CUBE) Stock. “Shares to Hit $27.0”

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

Tudor Inv Et Al accumulated 15,744 shares. Honeywell reported 0.06% in CubeSmart (NYSE:CUBE). Tarbox Grp holds 0% or 91 shares in its portfolio. Vanguard Gru invested 0.04% in CubeSmart (NYSE:CUBE). Millennium Mgmt Ltd Llc accumulated 2.62M shares. Moreover, Kcg has 0.01% invested in CubeSmart (NYSE:CUBE). Sg Americas Secs Lc stated it has 0% in CubeSmart (NYSE:CUBE). Balyasny Asset Mngmt Limited Liability invested in 0.18% or 1.28M shares. State Street Corporation, Massachusetts-based fund reported 5.48 million shares. Panagora Asset Mgmt reported 389,894 shares. Security Rech And Management has invested 3.45% of its portfolio in CubeSmart (NYSE:CUBE). Credit Agricole S A reported 120,920 shares. Parkwood Limited Liability invested 0.04% in CubeSmart (NYSE:CUBE). Psagot Invest House Ltd has 0% invested in CubeSmart (NYSE:CUBE). Eaton Vance reported 369,659 shares or 0.03% of all its holdings.

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

Equity analysts at BMO Capital has started coverage on shares of Cubesmart (NYSE:CUBE) in an analyst note revealed to clients and investors on 11 September. The firm set “Hold” rating on the stock. BMO Capital’s target price of $27.0 suggests potential of 2.62 % from the stock’s stock close price.

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

Tudor Inv Et Al accumulated 15,744 shares. Honeywell reported 0.06% in CubeSmart (NYSE:CUBE). Tarbox Grp holds 0% or 91 shares in its portfolio. Vanguard Gru invested 0.04% in CubeSmart (NYSE:CUBE). Millennium Mgmt Ltd Llc accumulated 2.62M shares. Moreover, Kcg has 0.01% invested in CubeSmart (NYSE:CUBE). Sg Americas Secs Lc stated it has 0% in CubeSmart (NYSE:CUBE). Balyasny Asset Mngmt Limited Liability invested in 0.18% or 1.28M shares. State Street Corporation, Massachusetts-based fund reported 5.48 million shares. Panagora Asset Mgmt reported 389,894 shares. Security Rech And Management has invested 3.45% of its portfolio in CubeSmart (NYSE:CUBE). Credit Agricole S A reported 120,920 shares. Parkwood Limited Liability invested 0.04% in CubeSmart (NYSE:CUBE). Psagot Invest House Ltd has 0% invested in CubeSmart (NYSE:CUBE). Eaton Vance reported 369,659 shares or 0.03% of all its holdings.

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 firm earned “Outperform” rating on Thursday, June 23 by FBR Capital. The stock of CubeSmart (NYSE:CUBE) earned “Market Perform” rating by Raymond James on Wednesday, August 30. The firm has “Neutral” rating by Citigroup given on Thursday, May 12. Bank of America downgraded CubeSmart (NYSE:CUBE) on Thursday, July 20 to “Sell” rating. On Friday, June 24 the stock rating was initiated by DA Davidson with “Neutral”. The firm has “Buy” rating by BMO Capital Markets given on Thursday, March 23. The firm has “Outperform” rating given on Friday, November 13 by Raymond James. The stock of CubeSmart (NYSE:CUBE) has “Outperform” rating given on Thursday, July 23 by Robert W. Baird. The stock of CubeSmart (NYSE:CUBE) has “Buy” rating given on Wednesday, April 19 by Jefferies. The rating was initiated by BB&T Capital with “Buy” on Wednesday, November 11.

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.

Investors wait CubeSmart (NYSE:CUBE) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.40 earnings per share, up $0.02 or 5.26 % from last year’s $0.38 same quarter earnings. This translates into $72.06M profit for CUBE giving the stock a 16.44 P/E. This is assuming the current $0.40 EPS is accurate. CubeSmart’s Wall Street analysts see 2.56 % EPS growth, taking into account the $0.39 EPS reproted in the previous quarter,

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 Cincinnati.com published the news titled: “Union Twp. snags CubeSmart, La-Z-Boy furniture” on August 24, 2017. Streetinsider.com‘s news article titled: “CubeSmart (CUBE) PT Raised to $28 at Evercore ISI on Post-Hurricane …” with publication date: September 14, 2017 was also an interesting one.

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