CubeSmart (NYSE:CUBE) – Investment analysts at SunTrust Banks upped their FY2017 earnings per share estimates for shares of CubeSmart in a report released on Wednesday. SunTrust Banks analyst K. Kim now forecasts that the real estate investment trust will post earnings of $1.58 per share for the year, up from their previous estimate of $1.55. SunTrust Banks currently has a “Hold” rating and a $25.00 price target on the stock. SunTrust Banks also issued estimates for CubeSmart’s Q4 2017 earnings at $0.41 EPS, FY2018 earnings at $1.63 EPS, FY2019 earnings at $1.71 EPS, FY2020 earnings at $1.81 EPS and FY2021 earnings at $1.95 EPS.

CUBE has been the subject of several other research reports. FBR & Co restated a “buy” rating and set a $32.00 price target on shares of CubeSmart in a research note on Friday, October 27th. BidaskClub upgraded CubeSmart from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. Evercore ISI reiterated an “outperform” rating and issued a $28.00 price objective (up previously from $27.00) on shares of CubeSmart in a research report on Thursday, September 14th. BMO Capital Markets reiterated a “market perform” rating and issued a $27.00 price objective on shares of CubeSmart in a research report on Monday, September 11th. Finally, UBS AG cut CubeSmart from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $28.10.

Shares of CubeSmart (NYSE CUBE) opened at $29.17 on Monday. CubeSmart has a 52 week low of $22.83 and a 52 week high of $29.67. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $5,280.00, a P/E ratio of 18.82, a PEG ratio of 3.77 and a beta of 0.20.

A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its stake in shares of CubeSmart by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 5,341 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 370 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of CubeSmart by 3.9% during the second quarter. Commonwealth Bank of Australia now owns 7,568 shares of the real estate investment trust’s stock valued at $181,000 after acquiring an additional 283 shares during the last quarter. World Asset Management Inc acquired a new stake in shares of CubeSmart during the third quarter valued at $200,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of CubeSmart during the third quarter valued at $211,000. Finally, Profund Advisors LLC acquired a new stake in shares of CubeSmart during the second quarter valued at $214,000.

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CubeSmart Company Profile

CubeSmart operates as a self-managed and self-administered real estate company. The Company focuses on the ownership, operation, management, acquisition and development of self-storage properties in the United States. Its self-storage properties are designed to offer storage space for its residential and commercial customers.

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