CubeSmart (NYSE:CUBE) received a consensus rating of “Moderate Buy” from analysts.

CubeSmart (NYSE:CUBE – Get Rating) shares have received an average rating of “Moderate Buy” from the nine analysts currently covering the company, reports MarketBeat.com. Three research analysts have given the stock a hold recommendation, three a buy recommendation and one a strong buy recommendation. The average 1-year target price among brokers who have covered the stock over the past year is $48.50.

A number of brokers have recently commented on CUBE. Raymond James lowered his price target for CubeSmart shares to $48.00 from $58.00 and gave the company a “strong buy” rating in a report on Monday, January 9th. UBS Group started coverage on shares of CubeSmart in a research report on Monday, October 17th. They issued a “buy” rating and a price target of $45.00 on the stock. StockNews.com began coverage of shares of CubeSmart on Wednesday, October 12 in a research report. They gave the stock a “hold” rating. Evercore ISI lowered its target price on shares of CubeSmart from $54.00 to $53.00 and gave the stock a “Outperform” rating in a research report on Monday, September. Finally, Jefferies Financial Group lowered shares of CubeSmart from a “buy” rating to a “hold” rating and lowered its price target on the company from $47.00 to $41.00 in a research note on Monday, March 2 . January.

CubeSmart price performance

CUBE opened at $41.72 on Friday. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 36.60, a PEG ratio of 1.89 and a beta of 0.52. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt to equity ratio of 1.05. The company has a 50-day moving average price of $40.76 and a 200-day moving average price of $42.52. CubeSmart has a 12-month low of $36.82 and a 12-month high of $54.95.

CubeSmart increases dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Tuesday, January 3 will receive a dividend of $0.49. This is an increase from CubeSmart’s previous quarterly dividend of $0.43. That equates to an annualized dividend of $1.96 and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday December 30th. CubeSmart’s RTP is currently 171.93%.

Hedge funds rely on CubeSmart

Institutional investors and hedge funds have recently added to or reduced their holdings in the stock. Venture Visionary Partners LLC acquired a new interest in CubeSmart for approximately $25,000 during the second quarter. Allworth Financial LP increased its stake in CubeSmart shares by 60.7% in the fourth quarter. Allworth Financial LP now owns 715 shares of the Real Estate Investment Trust valued at $29,000 after purchasing an additional 270 shares during the period. HHM Wealth Advisors LLC increased its position in shares of CubeSmart by 669.3% in the third quarter. HHM Wealth Advisors LLC now owns 777 shares of the real estate investment trust worth $31,000 after purchasing an additional 676 shares last quarter. The Bank of New Hampshire increased its position in shares of CubeSmart by 1,200.0% during the second quarter. The Bank of New Hampshire now owns 780 shares of the $33,000 Real Estate Investment Trust after buying another 720 shares last quarter. Finally, Wipfli Financial Advisors LLC acquired a new $34,000 stake in CubeSmart during Q3. Hedge funds and other institutional investors own 93.62% of the company’s shares.

CubeSmart company profile

(get rating)

CubeSmart is a self-managed and self-managed real estate fund. The Company’s self-storage properties are designed to provide affordable, easily accessible and secure storage for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.

Selected items

Analyst Recommendations for CubeSmart (NYSE:CUBE)

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