Cubesmart (CUBE) Gets a Buy Rating from Evercore ISI

Evercore ISI analyst Steve Sakwa maintained a Buy rating on Cubesmart (CUBEResearch Report) yesterday and set a price target of $58.00. The company’s shares closed last Friday at $49.73.

According to TipRanks.com, Sakwa is a 3-star analyst with an average return of 2.4% and a 58.0% success rate. Sakwa covers the Financial sector, focusing on stocks such as Corporate Office Properties, Healthpeak Properties, and Eastgroup Properties.

Cubesmart has an analyst consensus of Moderate Buy, with a price target consensus of $60.71, implying a 25.0% upside from current levels. In a report issued on February 24, BMO Capital also maintained a Buy rating on the stock with a $63.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on Cubesmart’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $213 million and net profit of $87.65 million. In comparison, last year the company earned revenue of $173 million and had a net profit of $46.89 million.

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.

Read More on CUBE:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed