BMO Capital Sticks to Its Buy Rating for Cubesmart (CUBE)

In a report released today, Juan C. Sanabria from BMO Capital maintained a Buy rating on Cubesmart (CUBEResearch Report), with a price target of $47.00. The company’s shares closed today at $39.40.

According to TipRanks, C. Sanabria is an analyst with an average return of -6.3% and a 32.50% success rate. C. Sanabria covers the Financial sector, focusing on stocks such as Cubesmart, Healthpeak Properties, and Welltower.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cubesmart with a $51.33 average price target, representing a 30.28% upside. In a report released on October 17, UBS also initiated coverage with a Buy rating on the stock with a $45.00 price target.

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CUBE market cap is currently $8.85B and has a P/E ratio of 36.59.

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CubeSmart is a self-managed and self-administered real estate investment trust with its operations conducted solely through CubeSmart LP and its subsidiaries. It owns, operates, develops, manages, and acquires self-storage properties. The company was founded in July 2004 and is headquartered in Malvern, PA.

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