Cubesmart (CUBE) Gets a Buy Rating from BMO Capital

BMO Capital analyst Juan C. Sanabria maintained a Buy rating on Cubesmart (CUBEResearch Report) today and set a price target of $53.00. The company’s shares closed last Thursday at $49.33, close to its 52-week high of $49.35.

According to TipRanks.com, Sanabria is a 3-star analyst with an average return of 6.0% and a 63.8% success rate. Sanabria covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, National Storage Affiliates, and Sabra Healthcare REIT.

Currently, the analyst consensus on Cubesmart is a Moderate Buy with an average price target of $48.50, representing a -1.3% downside. In a report issued on July 15, Jefferies also maintained a Buy rating on the stock with a $56.00 price target.

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Cubesmart’s market cap is currently $9.89B and has a P/E ratio of 56.40. The company has a Price to Book ratio of 5.27.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CUBE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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