Price Action to Note: Is CubeSmart a Buy? The Stock Rises Again

Price Action to Note: Is CubeSmart a Buy? The Stock Rises Again

The stock of CubeSmart (NYSE:CUBE) is a huge mover today! About 691,814 shares traded hands. CubeSmart (NYSE:CUBE) has declined 24.81% since April 5, 2016 and is downtrending. It has underperformed by 26.77% the S&P500.
The move comes after 9 months positive chart setup for the $4.92 billion company. It was reported on Nov, 8 by Barchart.com. We have $32.75 PT which if reached, will make NYSE:CUBE worth $1.18B more.

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 firm earned “Outperform” rating on Thursday, July 23 by Robert W. Baird. The stock of CubeSmart (NYSE:CUBE) earned “Hold” rating by Evercore on Monday, March 21. The firm earned “Buy” rating on Wednesday, August 10 by Jefferies. Citigroup maintained it with “Neutral” rating and $32 target price in Thursday, May 12 report. Evercore maintained the shares of CUBE in a report on Tuesday, September 8 with “Buy” rating. The firm has “Outperform” rating by Raymond James given on Friday, November 13. BB&T Capital initiated CubeSmart (NYSE:CUBE) rating on Wednesday, November 11. BB&T Capital has “Buy” rating and $32.50 price target. On Thursday, June 23 the stock rating was initiated by FBR Capital with “Outperform”. DA Davidson initiated it with “Neutral” rating and $35 target price in Friday, June 24 report.

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 Q2 2016. Its down 0.46, from 1.44 in 2016Q1. The ratio dropped, 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 Texas-based Employees Retirement System Of Texas has invested 0.05% in CubeSmart (NYSE:CUBE). Moreover, Nationwide Fund Advsrs has 0.02% invested in CubeSmart (NYSE:CUBE) for 115,680 shares. Citadel Lc last reported 268,312 shares in the company. Ibm Retirement Fund owns 17,924 shares or 0.02% of their US portfolio. Northcoast Asset Management Lc owns 9,502 shares or 0.02% of their US portfolio. Princeton Alpha Mngmt Lp last reported 0.25% of its portfolio in the stock. Invesco Limited reported 7.63 million shares or 0.09% of all its holdings. King Luther last reported 447,690 shares in the company. Marshall Wace Limited Liability Partnership has invested 0.01% of its portfolio in CubeSmart (NYSE:CUBE). Stephens Ar owns 102,049 shares or 0.14% of their US portfolio. Epoch Invest has 1.07M shares for 0.12% of their US portfolio. Blackrock Advisors Ltd Co accumulated 173,741 shares or 0.01% of the stock. Manufacturers Life Insur Company The holds 0% of its portfolio in CubeSmart (NYSE:CUBE) for 4,670 shares. Us Savings Bank De holds 0.01% of its portfolio in CubeSmart (NYSE:CUBE) for 42,939 shares. Blackrock Fund Advisors owns 2.90M shares or 0.02% of their US portfolio.

Insider Transactions: Since August 31, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.18 million net activity. 2,961 shares with value of $80,689 were sold by DIEFENDERFER WILLIAM M III on Friday, September 9. 40,000 shares were sold by KELER MARIANNE M, worth $1.10 million.

More news for CubeSmart (NYSE:CUBE) were recently published by: Seekingalpha.com, which released: “CubeSmart’s (CUBE) CEO Chris Marr on Q3 2016 Results – Earnings Call Transcript” on October 31, 2016. Reuters.com‘s article titled: “BRIEF-Cubesmart reports Q3 adjusted FFO per share $0.38” and published on October 27, 2016 is yet another important article.

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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